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| Press Release |
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| August 15, 2006 |
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| Encirq Accelerates Worldwide Momentum |
| Record Sales and International Expansion Promise Continued Success for Innovator of Device Data Management |
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| BURLINGAME, Calif., August 15, 2006 – Encirq Corporation, the global leader in device data management, today announced record-breaking results for the fiscal year ending June 30, 2006. The company secured new design wins in Japan, Europe and North America while generating significant repeat business from its existing customers, increasing sales exponentially over the previous fiscal year. Additionally, the company successfully launched Encirq Korea and raised $14M in Series B financing. |
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| “Leading companies worldwide have embraced Encirq and the importance of data management in building more intelligent devices such as mobile phones and digital set-top boxes,” said Mark Vogel, co-founder and CEO of Encirq. “Our growth in new design wins and strong repeat business validate Encirq software technology as the premiere device data management solution for accelerating innovation.” |
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| Driving the success and acceptance of Encirq is the Encirq® Data Foundation™ Framework, an innovative software technology that enables development teams to leverage data to build more intelligent, feature-rich devices, faster. High-performance, low-overhead device data management has become crucial for embedding independent intelligence into devices and enhancing the user experience. Set-top boxes, mobile handsets and automotive infotainment systems are just a few of the devices that are becoming increasingly sophisticated, requiring more advanced device data management. Currently, over two million of these devices incorporate Encirq software and are delivering significantly improved device performance, capabilities and value. |
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| “Device data management has become a major challenge, as well as opportunity area for manufacturers and service providers,” noted Chris Lanfear, Director, Embedded Software Group, Venture Development Corporation. “Companies that put device data to work are gaining a distinct competitive advantage, and Encirq’s success illustrates the growing importance of those efforts.” |
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