EVSX Announces Name Change and Technology Focus.

Business Editors & High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--May 22, 2000

Linux-Based EDA and Circuit Technology Developer Becomes

Intrinsity Inc., Claims Circuit Speed Three Times Faster Than

Conventional Designs

EVSX Inc., an Austin-based semiconductor technology developer of circuit and EDA technology, today announced it has changed its name to Intrinsity Inc.

The company, which over the last three years has operated through funding from an undisclosed partner, also provided more details about its technology for ultra-fast microprocessors. The technology, which is developed in the company's own Linux-based EDA environment, is able to yield power-efficient circuits that operate at three times the speed of conventional designs and to achieve the highest performance per unit of silicon. It uses standard CMOS processes and is currently being utilized to develop a product for a major semiconductor supplier. Intrinsity will make the technology available to select suppliers through design services partnerships and intellectual property licensing, and will also use it to develop the company's own products.

Paul Nixon, Intrinsity's CEO and a member of the company's founding team, emphasized that while more details about the technology couldn't be disclosed, its potential impact on future microprocessor design was one of the motivators for the name change.

"We chose 'Intrinsity' because it best reflects the intrinsic nature of this powerful technology, as well as the design team's expertise in developing high performance semiconductor products," said Nixon.

Nixon also emphasized the impressive breadth of the team's experience. "Our engineering team has over eight centuries of design and engineering experience. This includes actually bringing product to market for almost every major microprocessor introduced in the last decade."

Those architectures, explained Nixon, include Power, PowerPC, x86, MIPS, SPARC, in addition to others. The company does plan on utilizing its technology to develop its own products, as well.

Areas of expertise on the engineering and design team include microprocessor architecture, logic design, design verification, circuit design, physical design, EDA/CAD, design-for-test, system software, and product engineering.

Intrinsity anticipates making future customer and technology announcements later this year.

About Intrinsity

Founded in Austin, Texas, in 1997, Intrinsity Inc. is a semiconductor technology provider of circuit and EDA technology for ultra fast microprocessors. Shortly after founding, the company closed its first round of funding with a long-term NRE-based design services contract with a major semiconductor company. Its proprietary technology yields power-efficient circuits that operate at three times the speed of conventional designs while achieving the highest performance per unit of silicon with wire speed operation. This technology is available only through design services partnerships and IP licensing, although the company does plan on developing its own products in the future. Intrinsity's headquarters are at 11612 RM 2244, Building II, Suite 200, Austin, Texas 78733, or go to www.intrinsity.com.