Intrinsyc Software International, Inc.

Intrinsyc Software International, Inc.

March 23, 2011 16:01 ET

Intrinsyc Announces Signing of Material Agreement with Fortune 500 Company

Extension of Agreement Reinforces Leadership Position in Android Device Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 23, 2011) - Intrinsyc Software International, Inc. (TSX:ICS), a leading provider of solutions for mobile and embedded wireless devices, today announced a material agreement worth 10% or more of projected revenues over the next 12 months. This agreement is a renewal of an annual agreement with a Fortune 500 company, and is effective through March 31, 2012.

"We are pleased with the signing of an agreement to extend our relationship with this industry leading customer," said Tracy Rees, President and Chief Executive Officer. "This project helps reinforce our leadership position in the development of Android mobile devices."

Specific details of the device project and the customer name remain confidential at the customer's request.

About Intrinsyc Software International, Inc.

Intrinsyc empowers device makers, mobile operators, and silicon vendors to deliver compelling, next generation mobile devices faster with higher quality, and differentiating innovation. We help our customers deliver compelling products using our unmatched expertise with the leading OS platforms including Android, Apple, Blackberry, Linux, Symbian, QNX, Windows® CE and Windows Mobile. Intrinsyc is publicly traded (TSX:ICS) and is headquartered in Vancouver, Canada, with operations in China, Taiwan and the United States.

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