Ingenico Group SA Purchases MMP Portfolio™ License

CARLSBAD, Calif., Sept. 28, 2015 /PRNewswire/ -- Patriot Scientific Corporation (OTCQB: PTSC) announced today that Ingenico Group SA has purchased an MMP Portfolio™ license though Patriot's licensing agent Dominion Harbor Group.

Ingenico is a leader in providing secure payment solutions across the e-commerce market and joins a roster of more than 100 MMP licensees from a variety of industries, including some of the world's largest electronics companies such as Hewlett-Packard, Sony, Nokia, General Electric, ASUStek, Amazon, Philips, Bosch, Cannon, Citizen, Sanyo, RIM, Brocade, Cummings, Emerson, Panasonic, Oracle, Roche, Caterpillar, Audiovox, Teac, Toshiba, Daewoo, Olympus, Stryker, Lego, Kenwood, Sharp, Fujitsu, and Lexmark.

About Patriot Scientific Corporation

Headquartered in Carlsbad, California, Patriot Scientific Corporation is the co-owner of the MMP Portfolio. For more information on PTSC, visit www.ptsc.com. 

About the MMP Portfolio

The MMP Portfolio includes U.S. patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.

About Dominion Harbor Group, LLC

Dominion Harbor Group was founded in 2013 by seasoned legal, technical, engineering and financial professionals dedicated to the premise that patents are a sacrosanct and critical component of the United States and global commercial marketplaces. The firm's highly specialized and talented team manages, helps protect and preserve intellectual property portfolios, maximizes values of patent portfolios through licensing, helps enforce and defend clients' critical intellectual property rights, and advises owners and investors in realizing appropriate value for innovations and risk taking in the patent market. www.dominionharbor.com

Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks and uncertainties relating to the future of our MMP joint-venture and the licensing and litigation strategies employed by the joint venture.  It is important to note that the company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties 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, and seasonality.  Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the report on Form 10-K for the year ended May 31, 2015. The company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein.

Contact:Patriot Investor Relations[email protected] 760-547-2700 x-102

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SOURCE Patriot Scientific Corporation