Intrinsyc Licenses RapidRIL(TM) to Major Silicon Vendor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2012) - Intrinsyc Software International, Inc. (TSX:ICS) ("Intrinsyc" or the "Company"), a leading Android software solutions provider to the global mobile and embedded device community, today announced a software license agreement with a major Silicon Vendor for RapidRIL telephony technology. The Silicon Vendor will integrate Intrinsyc's RapidRIL software into its market leading cellular modems for use in smartphones.

"This agreement is further validation of Intrinsyc's innovative and reliable Radio Interface Layer technology," said Alkarim Kassam, Vice President, Global Engineering of Intrinsyc. "Our RapidRIL technology will enhance telephony performance and provide a better consumer experience."

Intrinsyc's RapidRIL provides Radio Interface Layer software that supports several radio baseband solutions covering various UMTS and CDMA technologies. The Radio Interface Layer (RIL) is a layer in an operating system which provides an interface between telephony applications and the modem in devices that needs wireless connectivity such as smartphones, tablets, e-readers, and other connected mobile devices. RapidRIL gives OEMs and ODMs a head start in producing world class connected devices.

The key benefits of Intrinsyc's RapidRIL are:

• Multi-channel architecture which allows devices to have concurrent data connections that in turn improve overall responsiveness to the Web and other cloud services. As well, extend RIL commands to enable features such as location-based services, advanced power management or advanced telephony features such as push-to-talk;
  
  
• Shorten time-to-market with the flexible architecture and optimized code for 2.5/3G devices with multiple data channels; and,
  
  
• Leverage investment time and budget with RapidRIL product solutions for multiple operating systems.
  
  

Additional information on licensing production ready RapidRIL solutions or other solutions for accelerating development of innovative mobile devices is available at www.intrinsyc.com/solutions.

The name of the customer and transaction details are withheld at the customer's request.

First Quarter 2012 Earnings Announcement and Conference Call

The Company will release its fiscal 2012 first quarter financial results on Thursday, May 10, 2012 at 4:00 p.m. Eastern Time (1:00 p.m. Pacific Time). The Company will hold a conference call to discuss the financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) the same day. On the call, Tracy Rees, President and Chief Executive Officer, and George Reznik, Chief Financial Officer, will discuss the financial results announced. This conference call may be accessed in North America, toll-free, by dialing 1-866-610-8602, and internationally by dialing +1-212-401-8152 approximately 10 minutes prior to the start of the call. This conference line is operator assisted and an access PIN is not required. The conference call will also be broadcast live over the Internet and available for replay on the company's Investor Relations Conference Calls web page (http://www.intrinsyc.com/investors/conference_calls.aspx). Analysts and investors are invited to participate on the call. Questions may be submitted to invest@intrinsyc.com prior to the call.

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 Taiwan and the United States. For more information, see www.intrinsyc.com.