Friday, March 28, 2008

Intrinsyc Software Announces New Soleus Design Win

Source : Click

Intrinsyc Software International (Toronto:ICS.TO) today announced the signing of an agreement under which an existing Soleus licensee will develop its third Soleus-based product. This Original Equipment Manufacturer (OEM), a leading global handset producer, originally signed an agreement to license the Soleus software platform in March 2007 for the development of a GPS-enabled handset, and signed an additional agreement in October 2007 to see Soleus used in a Personal Navigation Device (PND) with mobile phone capabilities. This OEM has now launched development of a third connected device to be based on Soleus. This agreement marks Intrinsyc's fifth Soleus design win, in addition to its two silicon platform wins.

"With seven product development efforts, including the recently launched MSI 5608 at CES 2008, the momentum for Intrinsyc and our Soleus software platform is growing," said Glenda Dorchak, Chairman and CEO, Intrinsyc Software. "As our focus for this year is to not only close additional design wins, but to enable our customers to bring their Soleus-based products to market, we anticipate additional customer product launches in the coming months. Today's announcement confirms that Soleus provides OEMs with lower development costs and improved time-to-market, such that they benefit from developing multiple products on the Soleus platform."

The OEM's third Soleus-based product is a sleek next-generation PND slated to go beyond point-to-point navigation, offering real-time search capabilities and a customizable navigation experience for leisure or business and daily commute-type travel. The PND also leverages gpsOne technology, currently used by over 300 million GPS units for positioning capabilities. Development on this OEM's third Soleus-based product is already underway, and upon its commercial release Intrinsyc will be entitled to receive royalty revenues. The timeline for the release of the device and financial terms of the agreement were not disclosed.

Soleus is a comprehensive handheld software solution, with pre-certified telephony and a large application portfolio, which enables handset manufacturers to rapidly develop and deploy an array of wireless consumer devices. Built on Windows® Embedded CE, the flexible Soleus software platform allows numerous feature-set variations to meet the requirements of multiple handset designs and form factors.

Intrinsyc will be attending CTIA Wireless 2008 in Las Vegas, April 1-3, 2008, and will be demonstrating its latest software solutions for wireless high level operating systems (HLOS). Demonstrations will include Personal Navigation Devices, the Soleus(TM)-based MSI 5608 MDTV mobile phone and the latest touch-enabled prototypes. Intrinsyc technology and expertise will be on display in booth 6505-3D in the Canada Pavilion, Hall N2/N1 in the Las Vegas Convention Center. Intrinsyc management will also be available for one-on-one interviews and discussions. To arrange a specific time to meet with a member of the Intrinsyc management team, please contact

About Intrinsyc Software International, Inc.

Intrinsyc provides wireless software solutions that enable next-generation handheld products, including mobile handsets, smartphones and converged devices. The company's software products, engineering services, and years of expertise help device makers, service providers, and silicon providers deliver compelling wireless products with faster time-to-market and improved development cost. Intrinsyc is the licensor of the Soleus(TM) software platform based on Windows® Embedded CE for consumer handset development. Intrinsyc is a Microsoft® Windows® Embedded Gold Partner, the 2007 Windows Embedded Excellence Award winner for System Integrator, and a Symbian Platinum Partner. Intrinsyc is publicly traded on the Toronto Stock Exchange (symbol: ICS) and headquartered in Vancouver, Canada with offices in the United States, United Kingdom, Taiwan and Barbados.

® Intrinsyc, Soleus and their respective logos are trademarks, registered and otherwise, of Intrinsyc Software International, Inc. in Canada, European Union, Taiwan, U.S.A. and other jurisdictions. Other products and services mentioned in this document are identified by the trademarks or service marks of their respective companies or organizations.

Forward-Looking Statements

This press release contains statements, which to the extent that they are not recitations of historical fact, may constitute forward-looking information. Such forward-looking statements may include financial and other projections as well as statements regarding the Company's future plans, objectives, performance, revenues, growth, profits, operating expenses or the Company's underlying assumptions. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "predicts", "potential", "targeted", "plans", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements include, without limitation, statements about the Company's market opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company's available cash resources and other statements about events, conditions or results that may occur in the future. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business and economic risks and uncertainties, including the risks and uncertainties set out in the Company's Annual Information Form. The Company's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, persons reading this press release should not place undue reliance on forward-looking statements.