Press Releases
First Soleus™ Production Product Launched
Mio™ Moov380 Personal Navigation Device Announced at Computex Taipei
Vancouver, BC – June 12, 2008 – Intrinsyc Software International, Inc. (TSX: ICS) today announced that Soleus licensee MiTAC International Corp has launched the Soleus-based Mio Moov 380 connected Personal Navigation Device (PND) at Computex Taipei. The product is a connected PND for professional users, which includes an ultra slim design, local search and touch screen capabilities. More information on the Mio Moov 380 is available at www.mio.com/mio-technology-press-releases-MioLaunchestheirLightestConnectedPND.htm.
“Intrinsyc is proud to have the Soleus software platform support this impressive product by Mio, a leading navigation brand. We congratulate them on this announcement,” said Glenda Dorchak, Chairman and Chief Executive Officer, Intrinsyc Software. “This is an important milestone for our Soleus business. As this product begins shipping Soleus royalty revenues will commence. This platform further validates Soleus capabilities for enabling the rapidly growing connected PND category.”
Mio announced that the product will first be launched in Taiwan. Soleus is a comprehensive wireless handset software platform, with pre-certified telephony and a large application portfolio, which enables 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 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 delivers Destinator, the independent navigation application with the safest and most reliable experience available today for all leading smartphones. Our solutions empower 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 and partners deliver compelling products using our unmatched expertise with the leading OS platforms including Android, Linux, Symbian, Windows CE and Windows Mobile. Intrinsyc is publicly traded (TSX: ICS) and headquartered in Vancouver, Canada, with offices in China, Israel, Taiwan, U.K. and the United States.
www.Intrinsyc.com
© 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.
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