San Diego, CA - February 11, 2004 - Patriot Scientific Inc. (OTC Bulletin Board: PTSC), a developer and owner of core microprocessor technologies, today announced its filing of a multiple count counterclaim for damages as part of its response to the lawsuit filed by Intel Corporation (Case No. 04CV0439) on February 2, 2004 in the U.S. District Court for the Northern District of California.
The counterclaim requests a trial by jury and seeks damages against Intel for Direct Infringement, Inducement of Infringement, Contributory Infringement, and Unjust Enrichment. Patriot believes and so alleges that the Intel Pentium family of microprocessors and attendant support products infringe, contribute to the infringement of, or induce others to infringe upon the Patriot Scientific U.S. Patent 5,809,336. Substantial damages, including treble or triple damages for willful, intentional infringement are sought as well as an injunction against further infringement. The suit also requests that no action be taken by the court, as requested by Intel, as to the suits filed by Patriot against five of Intel's customers. The "336" patent deals with the fundamental clocking structures which allow microprocessors to operate at high speeds.
Jeff Wallin, president and CEO of PTSC, said, "We are responding to the Intel action with counterclaims that will clearly identify infringement of our intellectual property. These protracted efforts of unauthorized use of Patriot Scientific property by Intel have enabled them to gain significant market share and achieve considerable economic advantage. Patriot is committed to utilize all assets at its disposal to insure that its shareholders are fully compensated for the flagrant and unauthorized use of its intellectual property."
Patriot Scientific Corp. has filed complaints against Matsushita, Sony, Fujitsu, Toshiba and NEC seeking damages in excess of several hundred million dollars. Patriot Scientific's patents describe the principal means used by the microprocessor industry to increase the internal operating speed of modern microprocessors. Patriot Scientific's patent portfolio encompasses the fundamental workings of well over $18 billion dollars worth of microprocessors sold in the United States last year. From the time the patents were issued, the company estimates that over $150 billion dollars worth of microprocessors have made use of Patriot Scientific's technology.
The company believes that significant segments of the electronics industry are currently benefiting from technology owned by Patriot Scientific and that microprocessors operating at speeds above 110 - 120 MHz are in violation of portions of Patriot Scientific's patent portfolio.
An investment profile on Patriot Scientific may be found at www.hawkassociates.com/patriot/profile.htm.
About Patriot Scientific
Patriot Scientific is an intellectual property company developing and marketing innovative and proprietary semiconductor technologies into the fast-growing hand held wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture. For more information please visit Patriot Scientific online at www.ptsc.com.
For investor relations information contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: email@example.com For Patriot Scientific information contact Lowell Giffhorn at (858) 674-5018. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found on the website www.hawkassociates.com and www.hawkmicrocaps.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, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.