Intrinsyc › About Us › Press Releases

Press Releases

Intrinsyc Releases Soleus 3G

Soleus Version 1.50 Supports 3G Connection Speeds and Accelerates Time-to-Market for Media-Centric Handheld Devices

Vancouver, BC – June 26, 2008 – Intrinsyc Software International, Inc. (TSX: ICS), a global wireless software solutions provider, today announced the release of Soleus version 1.50. Soleus is a proven software platform for smart consumer phones, connected personal navigation devices (PND) and media-centric handhelds based on Windows® Embedded CE. Soleus version 1.50 will enable device makers to build handsets that can support third-generation (3G/3.5G) high-speed HSDPA and HSUPA data connections, while also allowing differentiation through unique customization of compelling user-interfaces (UI) and applications.

“This latest Soleus software release delivers important features for the development of next-generation handhelds and enables a breakthrough mobile device by Quanta Computer expected later this year,” said Glenda Dorchak, CEO and Chairman, Intrinsyc Software. “Intrinsyc continues to innovate on Soleus, recognizing the increasing value of the application and UI software that enables compelling user experiences and expedites development of unique feature-rich handhelds, with our existing and future customers.”

Building on Intrinsyc’s reputation as an innovative provider of wireless software solutions, Soleus version 1.50 includes a new level of flexibility in data connection management for both the device maker and end-user. The new Soleus Network Connection Manager delivers a powerful framework to allow multiple GPRS, UMTS and other Internet Protocol (IP) connections (such as WiFi) to be used simultaneously. This latest version of Soleus can also be combined with Microsoft® Windows® Embedded NavReady to provide an optimized solution for the development of connected Portable Navigation Devices (PNDs).

“At Intrinsyc, we deliver powerful wireless software solutions for the rapid development of compelling connected devices, such as GPS-enabled mobile-phones,” said Souheil Gallouzi, Vice President & General Manager, Mobile Products & Development, Intrinsyc Software. “Users of devices based on Soleus version 1.50 will benefit from 3G and 3.5G speeds, and the ability to easily manage multiple data connections. The combination of Soleus and Windows Embedded NavReady enables manufacturers to rapidly create connected PNDs with differentiated user-experiences, unique UI and high utility; devices that will allow high-speed Internet connections to LiveSearch, real-time traffic updates from MSN Direct, and instant access to at-a-glance information such as stock quotes and weather reports.”

“Windows Embedded is excited to recognize Intrinsyc as a leading innovator with its Soleus software platform,” said Ilya Bukshteyn, Director of Marketing for the Windows Embedded Business. “Soleus, based on Windows Embedded CE, allows handset makers to develop smart, user-friendly and feature-rich navigation devices that make it easy for users to go from point A to point B and stay connected along the way.”

Leading wireless device makers are using Soleus to speed development of GPS-enabled navigation devices that deliver real-time traffic reports and point-of-interest updates, as well as let end-users stay connected with messaging, phone, and email. With its wireless engineering expertise, extensive experience with multiple operating systems and the Soleus software platform, Intrinsyc offers complete software solutions to makers of media-centric connected handheld devices, enabling the differentiation and customization of applications and user-interfaces across multiple platforms. With the pending acquisition of strategic assets of navigation software provider Destinator Technologies, Intrinsyc will further strengthen its offering to the connected PND and GPS-enabled handset market.

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 include the Soleus™ software platform for consumer device development and the recently acquired Destinator® GPS/navigation technologies. Combined with award winning engineering services and years of systems integration expertise, these solutions help device makers, service providers, and silicon vendors deliver compelling wireless products with faster time-to-market and improved development cost. Intrinsyc is a Microsoft® Windows Embedded Gold Partner and a winner of Windows Embedded Excellence Awards in 2007 and 2008, a Symbian Competence Center and Symbian Platinum Partner. 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, 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:

Tracy Rawa
Intrinsyc Software International, Inc.
Email: trawa@intrinsyc.com
Phone: (604) 678-3311

Investor Relations:

Beverly Twing
Shelton Group Investor Relations
Email: btwing@sheltongroup.com
Phone: (972) 239-5119 ext.126