January 09, 2009 04:30 PM Eastern Time

Patriot Scientific Corporation Releases Second Fiscal Quarter Report

CARLSBAD, Calif.--(BUSINESS WIRE)--Patriot Scientific (OTCBB:PTSC) today reported the filing of its report on Form 10-Q for its fiscal 2009 quarter ended November 30, 2008.

The Company’s results included $1.9 million in revenues, compared to $0.9 for the same quarter of the prior year. Earnings from its investment in affiliated companies which primarily represents Phoenix Digital Solutions, LLC (PDS), Patriot Scientific’s joint venture with The TPL Group, who are co-owners of the MMP™ Portfolio and responsible for its management and commercialization, were $0.1 million as compared to $5.5 million for the year earlier quarter.

For the six month period ended November 30, 2008 revenues increased to $3.2 million, as compared to $1.5 for the comparable prior year period. The Company’s share of earnings from affiliated companies for the six month period of fiscal 2009 was $6.7 million, compared to $4.3 million in fiscal 2008.

Net (loss) income totaled $(0.9) million and $2.3 million for the quarter and six month period, respectively, of fiscal 2009 compared to $2.4 million and $0.5 million, respectively, for the comparable periods of fiscal 2008.

Rick Goerner, Patriot’s CEO, stated, “My commitment to Patriot shareholders continues to be achieving our growth objectives. That will require both acquisition of external IP and internal investment in marketing, sales, product development and support. The tremendous opportunities in the markets we have chosen to pursue will result in tremendous competition as well, and it is our intent to emerge as a leader.”

The Company will be conducting its first Webcast on January 13, 2009 at 4:30 PM ET to discuss matters pertinent to its business. Participants may go to http://www.videonewswire.com/event.a... and listen live over the Internet.

Participants are encouraged to access the website approximately fifteen minutes prior to the start of the call to register, download and install any necessary audio software. If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.ptsc.com/ for thirty days.

To participate in the conference call by telephone, please call 800-860-2442 (toll free in the U.S.) or 412-858-4600 (toll call outside the U.S.) and request the "Patriot Scientific" conference call.

Patriot Scientific is the joint owner, with The TPL Group, of the Moore Microprocessor Patent, or MMP™ Portfolio, key patents covering the design of microprocessor chips which are used throughout the world in products ranging from computers and cameras to printers, automobiles and industrial devices. Microprocessor chips are the “brain” of nearly every electronic and electrical device including home appliances, televisions, video game players and cell phones.

About Patriot Scientific Corporation

Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific has recently embarked on an aggressive business expansion initiative complementing its recent acquisition of data sharing software provider, Crossflo Systems Inc. Patriot is evaluating full M&A and minority investments in early-stage technology companies in the data sharing software and secure networking technology sectors. These investments are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent™ Portfolio licensing partnership with The TPL Group. Patriot Scientific’s integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. For more information on Patriot Scientific Corporation, visit: www.ptsc.com.

About the MMP Portfolio

The Moore Microprocessor Patent Portfolio contains intellectual property that is jointly owned by the privately-held TPL Group and publicly-held Patriot Scientific Corporation PTSC. The MMP Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. Manufacturers of microprocessor-based products can learn more about how to participate in the MMP Portfolio Licensing Program by contacting: mmp-licensing@alliacense.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.