Intrinsyc Software International, Inc.
TSX : ICS

Intrinsyc Software International, Inc.

September 27, 2007 09:00 ET

Intrinsyc Officially Opens Permanent Taipei Office and Wins Wireless Services Engagement With Taiwan OEM

Intrinsyc Opens Taiwan Office to Support Soleus™ and Wireless Embedded Services in Asia and Inks First Taiwan-Based OEM to Engineering Services Agreement

TAIPEI, TAIWAN and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2007) - Intrinsyc Software International, Inc. (TSX:ICS) today held the official opening of its Taipei, Taiwan office that will serve as its business and engineering hub, providing local Soleus™ software support and wireless engineering services to Asia-Pacific customers. This event was accompanied by the announcement of Intrinsyc Taiwan's first engineering services agreement with a leading Taiwan-based Original Equipment Manufacturer (OEM) of wireless handheld devices.

"Today's announcement of Intrinsyc's first Taiwan-based wireless engineering services win, to be fulfilled by our Taiwan operation, is an important milestone for our business ramp in Asia. Supported by the opening of our Taipei office and a strong local engineering team, we provide our existing Soleus™ customers and prospective customers with a full wireless software and service offering that delivers greater flexibility, faster time to market and lower development costs," said Glenda Dorchak, Chairman and CEO, Intrinsyc Software. "This operation will serve as an anchor for our business expansion in the region and will provide direct support for our Soleus™ customers as well as Microsoft® Windows® Mobile and other wireless system integration services. This customer win validates the strong market opportunity we see for a comprehensive wireless business offering in this region and the acknowledgement of Intrinsyc's expertise by an industry leading OEM." Financial terms of the agreement were not disclosed.

The official opening ceremony held in the Intrinsyc Taiwan office 6F-5, No. 408, Rui-Kung Road was attended by Ms. Dorchak and other Intrinsyc executives along with customers, business partners and representatives of the Taiwan and Canadian governments.

About Intrinsyc Software International, Inc.

Intrinsyc is a leader in software and services that enable next-generation handheld and embedded products, including mobile handsets, smart phones and converged devices. The company's mobile software products, engineering services, and years of expertise help OEMs, 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™ 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 regional offices in the United Kingdom, 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", "estimate", "plan", "forecast", "project", 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 region 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.

Contact Information