Monday June 14, 9:54 am Eastern Time
Company Press Release
Patriot Scientific to Participate in Sun Microsystems' 1999 Developer Conference On Java Applications
Estimated 17,000 Attendees to See Exhibits, Including PSC1000 Microprocessor
SAN DIEGO--(BUSINESS WIRE)--June 14, 1999-- Patriot Scientific Corp. (OTCBB:PTSC - news), today announced that it will participate in Sun Microsystems' (NASDAQ:SUNW - news) fourth annual JavaOne Worldwide Java Developer Conference, which opens tomorrow at the Moscone Center in San Francisco. An estimated 17,000 attendees are expected to participate in this year's event.
At the conference, Patriot will demonstrate its critically acclaimed PSC1000 microprocessor. Wind River Systems' (NASDAQ:WIND - news) RTOS and Sun's PersonalJava software are being ported and will be available later this summer.
''We are especially pleased to be participating in this year's JavaOne conference,'' said Jim Lunney, Patriot Scientific's president & CEO. ''Since our last appearance at this event, we have moved the PSC1000 family much farther along in its development. We have also significantly expanded our strategic partnerships worldwide.''
''We are committed to accelerating commercialization of our patented chip this year, with the goal of penetrating the exploding marketplace for embedded microprocessors,'' Lunney said. ''Our participation in JavaOne underscores the urgency of that mission.''
Forbes magazine, in an overview of the burgeoning embedded systems marketplace, estimated that total sales would reach $27 billion by the year 2000. ''Our microprocessor, configured with Wind River Systems' RTOS and Sun's PersonalJava, is able to respond to the challenging new applications for consumer devices, which is the fastest growing segment of the embedded computing marketplace,'' Lunney continued. He noted that the majority of all microprocessors are hidden, or embedded, in such devices as camcorders, video games, television set-top boxes, fax machines, laser printers, photocopiers and cellular telephones.
Founded in 1987, Patriot Scientific Corporation designs, markets and manufactures: the PSC1000, based on the patented ShBoom technology, a 32-bit microprocessor targeted at Java and Internet appliances as well as the traditional embedded systems markets; high-performance ISDN Basic Rate and Primary Rate products for digital communications; and ground penetrating radar and ionized gas antenna technologies. For more information on Patriot Scientific Corporation, visit ptsc.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.
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Contact:
Patriot Scientific Corp.
Investor Relations
Linda Romero, 619/674-5016
lromero@ptsc.com
or
Trade Press Relations
Phil Morettini, 619/674-5000 ext 271
pmorettini@ptsc.com
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