Intrinsyc Signs CAD$400,000 Contract with Medical Products Company; Intrinsyc Adds to List of Fortune 500 Customers

Business Wire, June 4, 2002

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 2002

Intrinsyc(R) Software, Inc. (TSE:ICS) today announced a CAD$400,000 contract with a Fortune 500 medical products Company. The licensing and services agreement includes the delivery of a customized version of Intrinsyc's Cerf(TM) technologies, as well as on-going engineering and support services. Under the terms of the agreement, the customer cannot be identified at this time.

Intrinsyc's Cerf(TM) technologies will be incorporated into the Company's Internet-enabled medical care machines, allowing patients to be remotely monitored from the comfort of their home. This new functionality will reduce the number of required visits to healthcare facilities by patients, and delivers significant cost savings to local healthcare providers.

"The contract with this Fortune 500 Company is a compelling testimony to the tangible benefits our solutions provide, and the applicability of our technologies to the medical and telehealth device markets," said Neil McDonnell, President and Chief Executive Officer, Intrinsyc Software. "International Data Corporation (IDC) has identified this market to be $1.1 billion annually in the US, creating an enormous vertical market opportunity for Intrinsyc," added McDonnell.

About Intrinsyc

Intrinsyc is a leading provider of intelligent devices and enterprise computing solutions to Global 2000 companies. Intrinsyc develops open-standards based, intelligent device systems by building on its core reference design technologies, linking intelligent devices to information-rich enterprise applications, and managing global networks of devices. To find out more about Intrinsyc, visit www.intrinsyc.com.

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, Cerf and CerfBoard are trademarks or registered trademark of Intrinsyc Software, Inc.