12/6/2004 - Intrinsyc Software International Inc. (TSX:ICS) announced that one of its customers, Tiger Telematics, released news that they have received over 560,000 pre-orders in advance of the commercial launch of their new Gizmondo wireless multi-entertainment handheld gaming device. The Gizmondo device and its games are currently launching in the UK during Q4 of 2004, and in Continental Europe and North America in Q1 of 2005. Tiger Telematics has not projected the ultimate number of orders it expects to receive for the device.
Intrinsyc Software previously announced its agreement with Tiger Telematics Inc. in November of 2003 forming a strategic partnership to provide Intrinsyc’s licensable technologies and supporting professional engineering services for Tiger Telematics advanced series of gaming devices. That contract includes provisions for Intrinsyc Software to receive ongoing royalties based on per unit sales of the Gizmondo device.
“This is a fantastic affirmation of interest in Gizmondo,” said Carl Freer, Managing Director of Gizmondo, “We believe that realistically at least a half of these pre-orders will move to retail sales as availability in the stores ramps up in each territory. Nevertheless, these numbers bode extremely well for Gizmondo.”
“We are very excited to see such strong demand for a product in which we played a strategic role in bringing to the market,” stated Derek Spratt, CEO of Intrinsyc Software, “This partner engagement with Tiger Telematics further confirms our business model of increasing our royalty based income and helps us share in the success with our partners.”
Intrinsyc Software developed the fully-customized software for Gizmondo based on the Microsoft Windows CE .NET operating system, as well as a telephony application software suite based on Intrinsyc’s intellectual property and integration services. Mike Carrender, CEO of Tiger Telematics said, “Intrinsyc has brought a wealth of intellectual property and high-caliber skill sets to this project, allowing us to provide the features our customers demand in a leading-edge mobile entertainment device.”
Intrinsyc Software is a mobility software and services company. Our technologies and services make it possible for companies to identify and create innovative solutions that make mobile devices connect and work. Intrinsyc Software’s unique experience enables companies to deliver winning mobile devices and solutions that build stronger and more profitable businesses.
Since 1996, Intrinsyc Software has used its innovations, creativity and technical agility to help over 2000 enterprise customers connect their applications together, and bring more than 200 leading-edge products to market. Intrinsyc Software has a strong customer base and has formed solid partner alliances with some of the leading technology companies in the world.
Intrinsyc Software is a publicly traded company, headquartered in Vancouver, Canada with additional regional development offices in Bellevue, USA and Birmingham, UK. To find out more about Intrinsyc, visit: www.intrinsyc.com.
About Tiger Telematics and Gizmondo
Gizmondo Europe Ltd. is a wholly owned subsidiary of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Tiger Telematics is a designer, developer and marketer of mobile telematics systems and services that combine global GPS functions and voice recognition technology to locate and track vehicles and people down to street level in countries throughout the world. The systems are designed to operate on GPS and are currently being marketed to GSM current and potential subscribers, primarily by the company's United Kingdom based subsidiaries. To find out more about Tiger Telematics and Gizmondo, visit: www.tigertelematics.com and www.gizmondo.com.
Intrinsyc is a registered trademark of Intrinsyc Software International, Inc.
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