Press Releases
Samsung System LSI Division to Base Mobile Platform on Intrinsyc’s Soleus™ Software
Intrinsyc Software Secures Win for Soleus Software Platform with Tier-One Silicon Supplier
Vancouver, BC – January 30, 2008 – Today Intrinsyc Software International Inc. (TSX: ICS) announced that Samsung Semiconductor System LSI Division has signed a licensing agreement for the Soleus™ software platform. Under this licensing agreement, Samsung System LSI Division will bundle Soleus with a Samsung application processor as part of an integrated hardware and software platform for its ODM and OEM customers.
“Samsung has strength in its application processors and Intrinsyc’s Soleus software platform offers a robust application library as well as flexibility and ease in User Interface (UI) customization,” said Mr. Yiwan Wong, Vice President, Marketing, System LSI Division, Semiconductor Business, Samsung Electronics. “By bundling the Intrinsyc Soleus software platform with our application processors, we expect to deliver a compelling hardware/software solution for next generation consumer multimedia devices.”
“Intrinsyc is very pleased to have won the opportunity to deliver software solutions through an industry leader like Samsung Semiconductor System LSI Division. This is a significant achievement for our Soleus business and confirms the value of our Soleus software technology,” said Glenda Dorchak, Chairman and Chief Executive Officer, Intrinsyc Software. “Through this engagement, Intrinsyc will be able to reach a larger market of manufacturers who recognize both the power of Samsung’s application processors and the development advantages Soleus provides. We expect that Samsung will begin shipping Soleus-bundled solutions starting in the second half of 2008.”
“Samsung is a world leading supplier of IC solutions to the mobile appliances industry, and its selection of Soleus as a software platform for its application processors supports Intrinsyc’s growth strategy. By delivering a unique software development platform and world-class engineering services to Samsung, we anticipate that this relationship will evolve and expand throughout the global market,” added Dorchak.
Soleus is a modular software platform based on Windows® Embedded CE that provides a certified applications library that can be used to build robust handheld devices, allowing them to be brought to market quickly. The intuitive Soleus User Interface (UI) Framework provides a rich development environment that enables device makers to create consistent branding across a product portfolio. In addition to licensing its Soleus software platform, Intrinsyc will also work closely with Samsung to provide on-going technical support and engineering services for systems integration. Financial terms of the agreement were not disclosed.
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™ software 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 Systems Integrator, a Symbian Competence Center and Platinum Partner. Intrinsyc is publicly traded on the Toronto Stock Exchange (symbol: ICS) and headquartered in Vancouver, Canada with offices in the United States, United Kingdom, Taiwan and Barbados.
www.Intrinsyc.com
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. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “predicts,” “potential,” “targeted,” “plans,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” occur or be achieved. These forward-looking statements include, without limitation, statements about the Company’s market opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company’s available cash resources and other statements about events, conditions or results that may occur in the future. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business and economic risks and uncertainties, including the risks and uncertainties set out in the Company’s Annual Information Form. The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, persons reading this press release should not place undue reliance on forward-looking statements.
For more information, please contact:
Brad Zaytsoff
Intrinsyc Software International, Inc.
Email: bzaytsoff@intrinsyc.com
Phone: (604) 648-4038
Investor Relations:
Tracy Rawa
Intrinsyc Software International, Inc.
Email: trawa@intrinsyc.com
Phone: (604) 678-3311
Murray Duncan
Intrinsyc Software International, Inc.
Email: mduncan@intrinsyc.com
Phone: (604) 646-7971