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
"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.
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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Intrinsyc Software International, Inc.
Intrinsyc Software International, Inc.
(972) 239-5119 ext.126
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-0--0- Nov/13/2007 17:00 GMT
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