Intrinsity to Provide High Speed Digital Logic Technology to Agere Systems

AUSTIN, TEXAS - October 5, 2006 -Intrinsity, Inc. announced that it has signed a technology agreement with Agere Systems (NYSE: AGR) to develop high performance digital macrocells for integration into future Agere products. Utilizing Intrinsity's Fast14® technology, Intrinsity will develop digital macrocells that will offer both leading edge performance and low power operation.

The foundations of this project are Intrinsity's proprietary Fast14® technology, high-speed memory design capability, and expert design services. Fast14, comprised of Intrinsity's patented Fast14 domino circuit technology, process specific libraries, powerful specification languages and a design environment provides not only extremely high circuit speeds but also the means to trade off speed, power and area to achieve an optimal solution to customer design targets.

"Intrinsity's Fast14® technology represents a revolutionary way to build enhanced embedded cores. Fast14® provides performance, area, power and infrastructure cost savings in ways conventional technologies cannot achieve." said Bob Russo, Intrinsity CEO. "We are pleased to be working with Agere to deliver digital macrocells that will provide superior performance per milliwatt. Additionally, by employing both this technology and high speed memory design expertise, our expert processor design team will be able to leverage the strengths of both dynamic and static CMOS technologies and provide cores that optimally meet Agere's targets."

About Intrinsity

Intrinsity, Inc. is a design technology company which provides the designs, tools, technologies, and expertise so that customers can efficiently and predictably produce high performance, low-power and cost-effective products. Intrinsity's proprietary FastCore and Fast14 technologies yield not only circuit speeds of up to and beyond 3 GHz, but also the means to trade-off speed, power and area to achieve the optimal solution to customer design targets. Fast14 technology includes a combination of a process specific library, a specification language and a set of tools that help automate the design flow. Intrinsity's corporate headquarters are located in Austin, Texas. For further information regarding Intrinsity, please visit our web site at http://www.intrinsity.com.