Intrinsyc Announces New Soleus Design Win

(Business News & Technology News, 11 Nov 2008)

Wireless software solutions provider Intrinsyc Software International Inc. has announced the second Soleus design win this year, for a new Personal Navigation Device (PND) which is being developed for the European market. The licensee, an existing Soleus customer for their own branded products, is using Soleus to develop a product for a leading handheld device supplier for the European market who will market the product under its own brand.

Intrinsyc's customer is able to reuse earlier Soleus engineering work to speed development of the navigation device allowing its customer to get the new product to market quickly. By acting as an Original Device Manufacturer (ODM), the customer is enabling a lightweight navigation device with data connectivity but no voice telephony for its customer. With Soleus as the software platform, the ODM rapidly modified an existing device design to accommodate its customer's requirement. In the new device, the Soleus applications and telephony stack have enabled wireless GPRS connectivity for real-time traffic updates, local searches on the Internet for up-to-date points of interest, and other live data services.

Financial terms of the agreement were not disclosed. Royalty revenues will commence with product shipments, which are expected to commence by the first quarter of 2009.

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