TimeSys Reports Exceptional First Quarter Results

4/23/2003 - TimeSys® Corporation, a leader in Embedded Linux® and Java(TM) development solutions, announced that the growth of design wins for its embedded Linux and Java development products accelerated dramatically during the first three months of 2003, building on the momentum of an upward trend that began in mid-2002. Additionally, the company made significant progress in making off-the-shelf embedded Linux and Java available for the embedded development marketplace by expanding its product line and increasing the number and type of key strategic partnerships with system vendors and value-added resellers.

"The accelerated growth in the number of design wins and new partnerships last quarter is due to the product focus that TimeSys has taken to the marketplace," said TimeSys CEO Larry Weidman. "Hardware manufacturers and OEMs in the embedded industry understand the value that TimeSys Linux SDKs provide as the most complete, most capable, off-the-shelf embedded development platform for any range of application. They realize that design engineers can get started faster and develop more robust systems with TimeSys' ready-to-run embedded Linux SDKs and RTOS, development tools and real-time JVM than they can with other embedded products."

The embedded development marketplace needs ready-to-run embedded development tools and TimeSys' product focus for embedded Linux and Java is making that available today. TimeSys' embedded Linux and Java products are increasingly being adopted across multiple industries for a range of applications. TimeSys' Linux and Java SDKs are being employed in the development of products ranging from high-end telecommunications infrastructure equipment such as layer 2 Gigabit Ethernet switches, consumer electronics devices such as MPEG4 digital network cameras, automotive informatics applications such as in-car navigation, industrial control applications including power generation turbine control and automated food processing equipment, and military/aero applications such as command, control and communications systems, air traffic control systems and military robotics. New design wins came from customers ranging from start up companies to large, established multinational corporations such as Hitachi High-Technologies, Lockheed Martin, Raytheon, Sanyo Electric, and Toshiba.

The momentum of TimeSys' partner program has also increased, attributed to the company's product focus for making embedded Linux and Java available. TimeSys' microprocessor and embedded hardware vendor partners are able to deliver a ready-to-run, working embedded Linux software development kit that features TimeSys Linux and TimeSys' tightly integrated commercial-quality development, modeling and event tracing tools. TimeSys was chosen as the embedded Linux partner for system vendor companies SuperH, Themis Computers, Artysen, and ITE, broadening the reach of TimeSys product delivery on embedded hardware. Further, TimeSys increased its availability through distribution partnerships with value-added-resellers Omnisoft, Amirix, Martan, and Integrys. OEM customers of TimeSys' system vendor partners and VARs from receiving a complete hardware/software product that reduces development risk, time to market, and total cost of ownership for their embedded systems.

To continue its focus on providing a complete range of runtime and development products, TimeSys has introduced three new products to the market in the first quarter of 2003:

TimeSys Linux 4.0
TimeSys Linux 4.0, the latest upgrade to TimeSys' flagship embedded Linux distribution, was released in mid-February, bringing TimeSys Linux in line with the 2.4.18 Linux kernel and adding numerous high-availability and carrier grade Linux features to the industry's lowest-latency Linux kernel.

TimeStorm 2.0
The launch of TimeSys Linux 4.0 was accompanied by TimeStorm 2.0, TimeSys' significantly enhanced integrated development environment for C/C++/Java development for embedded Linux. TimeStorm 2.0 is powered by Eclipse Technology and is available tightly integrated with TimeSys Linux SDKs or as a standalone IDE for embedded Linux development on either Linux or Windows development hosts.

JTime for Java
TimeSys also introduced its much anticipated JTime for Java, the industry's first Sun-certified Real-Time Specification for Java-compliant (RTSJ) Java Virtual Machine (JVM). JTime is the first JVM to offer completely predictable, reliable response to Java applications, enabling embedded and real-time developers to benefit from the advantages of Java development while ensuring completely predictable response in their embedded applications. JTime is already being used in such applications as power generation control, telecommunications switching, and advanced high-end server technologies.

Other key Q1 milestones include:

TimeSys will be demonstrating a number of these products and customer applications of their technology within their booth (#512) at the Embedded Systems Conference in San Francisco's Moscone Center this week.

About TimeSys Corporation
TimeSys is a pioneer and leader in Embedded Linux and Java for the embedded systems market. Through complete software development kits design engineers can leverage certified, hardware-specific, single API Linux distributions, a complete range of Windows and Linux development tools and a full range of performance enhancements to develop advanced embedded systems. Its products support the full range of performance from non-real-time to deterministic hard real-time, and add unique reservations technologies that guarantee system response, even in overload conditions. TimeSys offers SDKs for more than 65 target platforms supporting 8 processor architectures and 35 unique processors. TimeSys technologies are utilized in a wide variety of industries and applications, from industrial/process control and consumer electronics to military and avionics. For more information about TimeSys, please visit http://www.timesys.com, send email to info@timesys.com or call 1-888-432-TIME.

TimeSys and TimeStorm are trademarks or registered trademarks of TimeSys Corporation in the United States and other countries. Linux is a registered trademark of Linus Torvalds.

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