Press Releases
Intrinsyc Demonstrates Technical Leadership at ESC China 2008
Intrinsyc leads Soleus™ Product Demos and Presents "Eight Keys to Successful Consumer Handset Development"
Shenzhen, China – March 3, 2008 – Demonstrating continued technical leadership in consumer handheld device development, Intrinsyc Software International, Inc. (TSX: ICS) is participating and presenting at the Embedded System Conference (ESC) China 2008. The company will present Eight Keys to Successful Consumer Handset Development at the Shenzhen Convention & Exhibition Hall #2; March 3, 2008, 3:30pm. Seminar attendees will learn from Intrinsyc’s expertise on the rapid design and development of converged wireless handhelds for consumer markets.
Intrinsyc will also demonstrate Soleus-based consumer handsets from leading manufacturers such as Micro-Star International at Microsoft partner booths in Shenzhen (#2P11+2N11) and Shanghai (#4G22). Intrinsyc is the creator and licensor of Soleus, a comprehensive software platform for feature rich handsets built on Windows® Embedded CE. Additionally, the global wireless software solutions provider will showcase customer devices supported by its wireless engineering services.
“China has rapidly become a global center for wireless handset development, and Intrinsyc is providing designers and manufacturers in China with software solutions that deliver faster time-to-market, reduced development costs, and greater flexibility for the convergence of mobile functions,” said Rick Hwang, Area Vice President & General Manager for APac-Japan, Intrinsyc Software. “The Soleus software platform enables a host of innovative features and capabilities on consumer handsets, such as multitouch interface and 3G data services, while our expert engineering services can get a project jump started, or help a product that is stuck in development get completed quickly.”
About Intrinsyc Software International, Inc.
Intrinsyc empowers device makers, mobile operators, and silicon vendors to deliver compelling, next generation mobile and devices with faster time-to-market, higher quality, and differentiating innovation. Our customers and partners rely on our award-winning device development solutions and our industry-leading navigation software and LBS solutions. Intrinsyc is a 2009 winner of the Microsoft Windows Embedded Excellence Award. Intrinsyc is publicly traded (TSX: ICS) and headquartered in Vancouver, Canada, with offices in China, Taiwan, U.K. and the United States.
www.Intrinsyc.com
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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 under applicable Canadian securities legislation. Such forward-looking statements or information 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", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases may identify forward-looking statements or information. Persons reading this press release are cautioned that such statements or information are only predictions, and that the Company's actual future results or performance may be materially different. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to: the Company’s ability to continue to earn the revenue from Destinator products after the acquisition, and to integrate the acquired business into its own operations; the need to develop, integrate and deploy software solutions to meet our customer's requirements; the possibility of development or deployment difficulties or delays; the dependence on our customer's satisfaction; the timing of entering into significant contracts; our customers’ continued commitment to the deployment of our solutions; the risks involved in developing integrated software solutions and integrating them with third-party products and services; the performance of the global economy and growth in software industry sales; market acceptance of the Company’s products and services; customer and industry analyst perception of the Company and its technology vision and future prospects; the success of certain business combinations engaged in by the Company or by its competitors; political unrest or acts of war; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; concentration of sales; international operations and sales; management of growth and expansion; dependence upon key personnel and hiring; reliance on a limited number of suppliers; industry growth; competition; intellectual property; product defects and product liability; currency exchange rate risk; and including but not limited to other factors described in the Company’s reports filed on SEDAR, including its Annual Information Form and financial report for the year ended December 31, 2007. In drawing a conclusion or making a forecast or projection set out in the forward-looking information, the Company takes into account the following material factors and assumptions in addition to the above factors: the Company’s ability to execute on its business plan; the acceptance of the Company’s products and services by its customers; the timing of execution of outstanding or potential customer contracts by the Company; the sales opportunities available to the Company; the Company's subjective assessment of the likelihood of success of a sales lead or opportunity; the Company's historic ability to generate sales leads or opportunities; and that sales will be completed at or above the Company's estimated margins. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. 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, except as required by law.
For more information, please contact:
George Reznik
Chief Financial Officer & Corporate Secretary
Email: greznik@intrinsyc.com
Phone: +1-604-678-3734