NEWS RELEASE TRANSMITTED BY MARKETWIRE FOR: Intrinsyc Software International, Inc. TSX SYMBOL: ICS November 13, 2007 Quanta Computer Licences Intrinsyc's Soleus(TM) Platform Intrinsyc Software Signs Fourth Soleus Software Licence Agreement (SLA) VANCOUVER, BRITISH COLUMBIA and TAIPEI, TAIWAN--(Marketwire - Nov. 13, 2007) - Intrinsyc Software International, Inc. (TSX:ICS), a global wireless software solutions provider, today announced that Quanta Computer Inc., the world's largest notebook computer Original Design Manufacturer (ODM), has entered into an agreement to licence the Soleus mobile handset platform. Quanta is using Soleus to develop a Third Generation (3G)/High-Speed Downlink Packet Access (HSDPA) mobile device, expected to be a breakthrough in the design concept and user experience of today's wireless communications electronics. Quanta has also engaged Intrinsyc's wireless engineering services to support development and accelerate this product's time to market, which is expected to be in the third quarter of 2008. This marks the fourth Soleus SLA in 2007. "We are very pleased that Quanta chose Soleus as the software platform for this innovative new product," said Glenda Dorchak, Chairman and Chief Executive Officer, Intrinsyc Software. "This engagement draws on Intrinsyc's Soleus software strength and the wireless systems integration expertise provided by our Taipei-based operation. This engagement also validates Soleus' flexibility in enabling a wide range of wireless products, which now include this high-end 3G/HSDPA mobile device, personal navigation connected devices, a GPS-capable phone, and a handset that supports the new Mobile Digital TV (MDTV) standard." "To satisfy our customer's requirements, we needed a software platform that would allow our engineers to scale features and customize future devices into a complete product line," said Dr. George Chiou, R&D Sr. Director of Wireless Business Unit at Quanta Computer. "The Soleus platform gives us a very flexible and versatile software foundation with pre-certified telephony and pre-integrated applications. Our engineers see great potential in Soleus' architecture and intuitive UI Framework, which quickly delivers a high level of integration and flexibility in software customization; features that many of our customers require." By leveraging the turnkey Soleus platform, Quanta will reduce the project's time-to-market, lower its bill-of-materials (BOM) cost, and make the device upgradable from Windows(R) Embedded CE 5.0 to CE 6.0. Intrinsyc has also won an engineering services engagement to support Quanta's development team with the integration of the Windows Embedded CE operating system software and its 3G/HSDPA hardware platform. Both the software engagement and engineering services will be provided by Intrinsyc's Taiwan operation, with support from Vancouver, BC and Bellevue, WA. Further details on the 3G/HSDPA mobile device will be made available upon product release. Financial terms of the agreement were not disclosed. About Quanta Quanta Computer is a Fortune Global 500 Company that is an industry leader in providing technology products to many of the world's most prestigious electronics companies through ODM and EMS business models. Quanta also holds the distinction as the world's largest manufacturer of notebook computers with around 30% market share worldwide. Products that the Company provides range from information, communication, networking, consumer electronics and car electronics to storage. Founded in 1988, Quanta is headquartered in Taiwan and has major operations set up in Asia, America and Europe. The Company employs over 40,000 employees worldwide. The revenue for Quanta Computer Inc. during the last fiscal year, 2006, was US$14 billion. For further information, please visit Quanta's website at http://www.quantatw.com/ About Intrinsyc Software International, Inc. Intrinsyc provides wireless software solutions that enable next-generation handheld products, including mobile handsets, smart phones 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) platform based on Windows(R) Embedded CE for consumer handset development. Intrinsyc is a Microsoft(R) Windows(R) 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 regional offices in, the United States, Taiwan and Barbados. www.intrinsyc.com Intrinsyc and Intrinsyc logo are registered trademarks, and Soleus and Soleus logo are trademarks in Canada, the European Community and the U.S.A. of Intrinsyc Software International, Inc. All other marks are the trademarks of the respective owners and are hereby acknowledged. 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. The words "may", "would", "could", "will", "likely", "expect", "anticipate", "intend", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases are intended to identify forward-looking statements. Estimates made regarding future results assume the Company will continue to generate business for its engineering services at historical rates. If demand for the Company's services declines, or demand for engineering services declines generally, revenue will be further affected. Additionally, any statements made pertaining to growth potential within a specific geographical regional are made based upon current knowledge and understanding of the market environments and are subject to the risks and uncertainties applicable to each market region and the probability of adopting Intrinsyc's technology and/or utilizing the Company's engineering services. Persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include the risk factors set out in the Company's Annual Information Form. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Intrinsyc Software International, Inc. Brad Zaytsoff (604) 648-4038 Email: firstname.lastname@example.org or Intrinsyc Software International, Inc. Murray Duncan Investor Relations (604) 646-7971 Email: email@example.com or Shelton Group Beverly Twing (972) 239-5119 ext.126 Email: firstname.lastname@example.org INDUSTRY: Computers and Software - Hardware, Computers and Software - Software, Environment - Natural Resource Management, Manufacturing and Production - Forest and Paper Products, Manufacturing and Production - Machinery and Tools, Medical and Healthcare - Healthcare, Professional Services - Engineering, Real Estate and Construction - Construction, Retail - Consumer Interest, Transportation and Logistics - Air Freight SUBJECT: LIC
Quanta Computer Licences Intrinsyc's Soleus(TM) Platform
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