Intrinsyc Announces Successful Launch of New Marketing Program.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 10, 1999-- Intrinsyc(VSE See DOS/VSE. VSE - Virtual Storage Extended :ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. .) Intrinsyc Software, Inc.(the "Company") is pleased to announce today the successful launch of its DECF DECF Dominant Extroverted Concrete Feeler (Jung personality type indicator) DECF Design Error Check Frequency (R) (Distributed Embedded Computing Framework) Partnership Program, which has become the primary marketing initiative for the Company's products and services. The Intrinsyc DECF Partnership Program was created to address the needs of Original Equipment Manufacturers (OEMs) who are developing innovative new products based on Intrinsyc's leading edge technologies for the rapidly growing Internet-enabled Information Appliance See Internet appliance. (hardware) Information Appliance - (IA) A consumer device that performs only a few targeted tasks and is controlled by a simple touch-screen interface or push buttons on the device's enclosure. market segment. Program details are available at http://www.intrinsyc.com/embeddedsolutions/decf.html The Intrinsyc DECF Partnership Program has been designed to provide OEMs and System Integrators with the DECF software technologies, developer tools and the technical assistance they require to successfully and quickly deploy their next generation embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. with superior Internet-enabled capabilities. From a revenue perspective, this program has a minimum project commitment of US$100,000. The Company's current experience indicates that DECF related contract awards will provide a 12 to 18 month revenue stream from US$250,000 to greater than US$2,000,000 per OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and project. Intrinsyc is in detailed contract negotiations with a number of its DECF partners and expects to announce a significant contract award in March 1999. The competitiveness of the embedded computing industry and the immense advantages available to OEMs who are first-to-market require Intrinsyc to sign non disclosure agreements that do not allow specific disclosure of individual contract awards. However, Intrinsyc shareholders may monitor corporate growth and progress via the DECF Partner web site (http://www.intrinsyc.com/partners/decf/) which goes on line on February 12, 1999, listing some of the current DECF Partners. DECF Partner listings will be added as new OEMs and Systems Integrators join this program. As one of the acknowledged technology leaders in the Embedded Systems marketplace, Intrinsyc's customers have told the Company that improving Time-to-Market is a key requirement for their next generation of Internet-enabled Information Appliance development programs which are based upon the Windows CE (Windows Consumer Electronics) Microsoft's version of Windows for handheld devices and embedded systems that use x86, ARM, MIPS and SHx CPUs. Windows CE .NET superseded Windows CE 3.0. (R) operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. (http://www.microsoft.com/windowsce). A leading market research group, VDC VDC Volts Direct Current VDC Venture Development Corporation VDC Vehicle Dynamic Control VDC Village Development Committee (Nepal) VDC Virtual Data Center VdC Verband der Cigarettenindustrie predicts that the number of embedded devices shipping with Windows CE(R) will grow from 778,000 units in 1999 to 14.1 Million units in 2003 (http://www.vdc-corp.com). "Our customers and prospects are coming to Intrinsyc because we have gained industry leading "best-in-class" status for Windows CE(r) development projects. Our ability to deliver elegant software solutions using our unique DECF software technologies, developer tools and consulting services provides OEMs with Time-to-Market advantages that can add $ Millions to their product sales," said Don Sutcliffe, Executive Vice President, Sales and Marketing. Intrinsyc Software, Inc. develops software technologies for license and offers supporting services to OEMs and Systems Integrators building the next generation of Internet enabled consumer and commercial computing products. This News Release may contain forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, performance, plans, events or other matters. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of the Company's products and services and markets for such products and services, the timing and level of customer orders, competitive products and services and pricing, changes in economic conditions and the markets for the Company's products and services and other risks and uncertainties. Actual results, performance and events may differ materially. Readers are cautioned not to place undo reliance on these forward-looking statements, which speak only as of the date of this News Release. The Company undertakes no obligation to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. On Behalf of the Board Intrinsyc Software Inc. Derek Spratt, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. NOTE TO EDITOR: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release. |
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