Intrinsyc Software International Inc. announced the signing of an agreement under which an existing Soleus licensee will develop its third Soleus-based product. This Original Equipment Manufacturer (OEM), a global handset producer, originally signed an agreement to license the Soleus software platform in March 2007 for the development of a GPS-enabled handset, and signed an additional agreement in October 2007 to see Soleus used in a Personal Navigation Device (PND) with mobile phone capabilities. This OEM has now launched development of a third connected device to be based on Soleus. This agreement marks Intrinsyc’s fifth Soleus design win, in addition to its two silicon platform wins.

“With seven product development efforts, including the recently launched MSI 5608 at CES 2008, the momentum for Intrinsyc and our Soleus software platform is growing,” said Glenda Dorchak, chairman and CEO, Intrinsyc Software. “As our focus for this year is to not only close additional design wins, but to enable our customers to bring their Soleus-based products to market, we anticipate additional customer product launches in the coming months. Today’s announcement confirms that Soleus provides OEMs with lower development costs and improved time-to-market, such that they benefit from developing multiple products on the Soleus platform.”

The OEM’s third Soleus-based product is a sleek next-generation PND slated to go beyond point-to-point navigation, offering real-time search capabilities and a customizable navigation experience for leisure or business and daily commute-type travel. The PND also leverages gpsOne technology, currently used by over 300 million GPS units for positioning capabilities. Development on this OEM’s third Soleus-based product is already underway, and upon its commercial release Intrinsyc will be entitled to receive royalty revenues. The timeline for the release of the device and financial terms of the agreement were not disclosed.