Agoracom

To All Shareholders and Supporters of Patriot Scientific

I'd like to take this opportunity to, firstly, tell you how pleased I am to have the opportunity to join Patriot and, secondly, to update you on progress at your Company.

I know you are all aware that as a public company there are certain disclosures that I cannot make in this type of communication, but I will try to be as frank as the governing laws, and our compliance oversight, will allow.

• First, I'd like to acknowledge the departure of two of Patriot's Board members since the last shareholder update, Mr. David Pohl and Mr. Jim Turley. As you all know David was instrumental, with the Board, in positioning Patriot's MMP strategy with our licensing partner, TPL. His insights will be missed, but I have met with David and will be able to maintain contact with him in the future. Jim leaves the Company having outlined a plan to transition the Company from sole reliance on our MMP licensing revenues into an operating company with sustainable growth, profitability and increased shareholder value. It is that mission on which I intend to focus. I will provide more insight into our plans with that regard in subsequent updates.

   

• I've now been on board for one week and have been busy coming up to speed on the various elements of our business, finances and challenges ahead. I've had meetings with TPL, Patriot's investor relations and public relations groups as well as extensive discussion with the Executive Committee of our Board. I'm excited about the future prospects for Patriot and expect to build an infrastructure within the Company to support a more aggressive assessment of business opportunities. Toward that end, I have opened a requisition for a Business Development executive and expect to fill the position shortly.

   

• Additionally, the Board and I are launching a campaign to replace the two open Board seats and we intend to add directors with direct electronics industry experience, and connections, to help direct the Company with respect to possible M&A efforts and help expand our scope of activity. We believe that market conditions are favorable for M&A and that quality opportunities will surface.

   

• From a business perspective, this quarter has been an active one for our licensing activities. Since our last report we have signed, through TPL/Alliacense, six new licenses. We have now expanded the total licensees to 43.

   

• I know that change is both inevitable, and disconcerting, and I ask for your patience, and support during the transition. I welcome your feedback and will strive to answer your inquiries to the best of our ability.