Intrinsyc Software International, Inc.
TSX : ICS

Intrinsyc Software International, Inc.

October 20, 2008 08:30 ET

Intrinsyc Announces Release of Connected Consumer Navigation Handheld Development Platform With SiRF

Intrinsyc confirms this engagement now generating Soleus royalty revenues

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2008) - Intrinsyc Software International, Inc. (TSX:ICS), a global wireless software solutions provider, today announced release of a new development platform with SiRF Technology Holdings Inc. that enables Original Equipment Manufacturers (OEMs) to deliver connected consumer navigation handhelds based on the combined solution of Intrinsyc's Soleus™ software platform and SiRF's location technology chipset. Intrinsyc signed a Software License Agreement with SiRF in November 2007. The Company also confirmed that this engagement is now generating royalty revenues.

The Intrinsyc and SiRF bundled platform solution was used to produce a new converged connected navigation device with turn-by-turn GPS navigation, developed by Shanghai RagenTek Communication Technology Co. Ltd., a leading GSM/GPRS and Smartphone solution provider. The Cronos handheld device is based on the complete software/hardware platform from Intrinsyc and SiRF and was announced by Shanghai RagenTek, and subsequently reported by Intrinsyc, on October 10, 2008. By utilizing the Intrinsyc and SiRF bundled platform solution, Shanghai RagenTek was able to lower its system design and engineering costs, reduce development risk, and speed time-to-market.

"Our alliance with Intrinsyc gives us the ability to provide customers with a complete platform solution, thus strengthening our value proposition and expanding our addressable market," said David Wang, Senior Director of Marketing, SiRF. "Our initial focus for this platform is on the China market, where we see good growth potential for low cost navigation devices."

"The Cronos connected navigation device provides powerful evidence of the benefits Soleus brings to OEMs and ODMs as it completes SiRF's hardware platform solution with a custom branded development platform," said Souheil Gallouzi, Senior Vice President and General Manager of Mobile Products and Development, Intrinsyc. "The relationship with SiRF, driven by our strategy of partnering with leading silicon providers to more quickly scale and expand Soleus' addressable market, has been successful in delivering this design win. We are actively engaged with SiRF to support their marketing and development efforts both for products in market and those under development."

Soleus is a complete mobile software platform, with pre-certified telephony and a large applications portfolio, which enables mobile and portable device makers 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 handheld and handset designs and form factors. Soleus takes a modular approach to configuring handset software with a standard set of software components and enables device makers to reduce development costs, build mobile handsets faster and incur less risk.

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 include the Soleus™ software platform for consumer device development and the recently acquired Destinator® GPS/navigation technologies. Combined with award winning engineering services and years of systems integration expertise, these solutions help device makers, service providers, and silicon vendors deliver compelling wireless products with faster time-to-market and improved development cost. Intrinsyc is a Microsoft® Windows Embedded Gold Partner and a winner of Windows Embedded Excellence Awards in 2007 and 2008, a Symbian Competence Center and Symbian Platinum Partner. Intrinsyc is publicly traded (TSX:ICS) and headquartered in Vancouver, Canada, with offices in China, Israel, Taiwan, U.K., and the United States.

(C) 2008 Intrinsyc Software International, Inc. All rights reserved.

Intrinsyc, Soleus, Destinator and their respective logos are trademarks, registered and otherwise, of Intrinsyc Software International, Inc. in Canada, European Union, Taiwan, United States of America 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.

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