Another software developer commits to Intel's XScale and Telematics program.
March 04, 2002 18:30
Intrinsyc(R) to Deliver Intel(R) XScale(TM) Microarchitecture based Solutions to the Growing Telematics Market
Solutions will deliver wireless multi-media and mobile commerce
automotive applications
VANCOUVER, March 4 /PRNewswire-FirstCall/ - Intrinsyc Software, Inc. (TSE:ICS), today announced that it will extend its reach into the growing telematics (wireless in-vehicle computing) market segment. Expected to undergo an average growth rate of 90 percent a year over the next five years, the total number of cars fitted with telematics systems is expected to reach 56 million by 2005 worldwide (ARC Group). This creates an enormous opportunity for Intrinsyc who will promote and sell Cerf(TM)Cruiser, a new telematics reference design platform, based on the Intel(R) PXA250 applications processor, in the North America, Europe and Asian markets.
"Intrinsyc's expertise in reference designs and ability to deliver custom integration solutions led to our decision to work with Intrinsyc in the delivery of the telematics reference design using the Intel PXA250 applications processors," said Pat Kerrigan, marketing director of Intel's Telematics Operation.
In addition to the reference platform, Intrinsyc will provide developers with the tools, information, technologies and support required to successfully build products and services that deliver wireless voice, safety, mobile commerce, multi-media and data communications applications to the automotive and other similar telematics markets.
"This partnership with Intel should prove to be a very good market opportunity for Intrinsyc in a very hot telematics sector," said Dick Slansky, Senior Analyst, ARC. "Intrinsyc's established experience and expertise with embedded reference design platforms, coupled with the Intel PXA250 processor will provide the telematics OEMs with the tools to deliver multi-media applications for the automotive and aerospace sectors," added Slansky.
"We are delighted to partner with Intel in the promotion of our CerfCruiser reference design, based on the Intel(R) PXA250 applications processor," said Neil McDonnell, President and Chief Executive Officer, Intrinsyc Software. "Entering the telematics market, which analysts forecast to exceed $US 13 billion by 2010, is consistent with our business strategy and a perfect fit for our skills and technologies," added McDonnell.
About Intrinsyc
Recently identified as one of the fastest-growing technology companies in North America, Intrinsyc provides knowledge and technologies to create, link and manage pervasive networks of servers, computers and devices. Intrinsyc's smart networking software specializes in providing cross-platform solutions to the industrial automation, embedded devices and enterprise software markets. To find out more about how Intrinsyc solutions are enabling the future of networked computing, visit www.intrinsyc.com, and for more information on the CerfCruiser telematics reference design, visit www.intrinsyc.com/telematics.
Forward Looking Statement
This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we do not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the pervasive computing market. In light of the many risks and uncertainties surrounding the pervasive computing market, you should understand that we couldn't assure you that the forward-looking statements contained in this press release will be realized.
Intrinsyc and CerfCruiser are registered trademarks of Intrinsyc Software, Inc.
Intel and PXA250 Applications Processor are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and in other countries.
For more information, please contact:
Raquel Kuntz
Marketing Communications Manager
Intrinsyc Software, Inc.
Direct: 604.646.7972
Fax: 604.801.6417
Email: rkuntz@intrinsyc.com
SOURCE Intrinsyc Software, Inc.
/CONTACT: please contact: Raquel Kuntz, Marketing Communications Manager,
Intrinsyc Software, Inc., Direct: 604-646-7972, Fax: 604-801-6417, Email:
rkuntz@intrinsyc.com/
(ICS.) |
