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Patriot Scientific Files 2005 Form 10-K, Representing Important Milestone in Company Turnaround Under New Management
Wednesday September 14, 11:59 am ET

SAN DIEGO--(BUSINESS WIRE)--Sept. 14, 2005--Patriot Scientific Corporation (OTCBB:PTSC - News) a high-tech intellectual properties company working in the advanced microprocessor field, today filed its 10-K annual report for its fiscal year ending May 31, 2005. The report, filed with the U.S. Securities and Exchange Commission, includes audited financial statements for its fiscal year and related disclosures concerning the company's results of operations and financial condition during that period.

"This filing is an important milestone for Patriot Scientific," said David H. Pohl, chairman and CEO. "While the 10-K presents mostly historic data, it provides the clearest picture yet of the challenges that the company faced and the exciting position we are now in to transform the way Patriot conducts its business. We now have an excellent basis for moving forward with financial momentum."

Activities at Patriot Scientific that have occurred since the close of the fiscal year covered in the 10-K include:

* Appointment of new executive management focused on Patriot's new business opportunities
* Favorable settlement of major litigation that was a drain on resources.
* A license with Intel Corporation for rights to use Patriot Scientific intellectual property
* A commercialization agreement delegating authority for licensing activities for the Patriot Scientific intellectual property portfolio to an aggressive, experienced team of licensing professionals
* Licensing revenue that places the Company on a firm financial footing
* Continuation of rights to develop and market intellectual property products including IGNITE(TM) and INFLAME(TM)

A copy of the Company's 10-K is available for download at www.patriotscientific.com

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