Lineo issued the following announcement today regarding the completion of the company's recapitalization process and the release of the next version of the Embedix SDK . . .

Lineo Update — April 24, 2002
Recapitalization

Lineo today completed its planned recapitalization on time and on budget. The process, driven by Lineo's venture capital firm, Canopy Group, required an asset sale — which resulted in Canopy buying Lineo's assets (all assets, as a complete package) and immediately transferring those assets to “Lineo v2”, which — again as planned — has the same people, with the same IP, working for the same customers, and working with the same partners. As part of the plan, Canopy is injecting additional capital in the company. The total amount of capital is as yet undetermined, but will be more than sufficient to ensure adequate capitalization through the year.

“Although the process has been a distraction for customers and partners alike, we are happy to have it completed,” said Matt Harris, Lineo CEO. “We are in a better position than ever to be successful, given our clean balance sheet and the injection of new capital.”

Embedix SDK 2.5

Concurrent with this announcement, Lineo announced today Embedix SDK 2.5, the most significant upgrade of its award winning toolset in the past six months. Key new features include an integrated package editor (which allows users to include their own packages and third party IP in the configuration tool), tight integration with Metrowerks' Code Warrior IDE (with pre-configuration of cross-compile tools, libraries, debug and include files), automated selection of debug agents based on target platform, host user space application development, and an enhanced library reduction utility.

As an example of just one of the new features, with the new package editor, users can easily:

• integrate software patches to any of the software packages used by the Embedix SDK;
  
• define dependencies, conflicts, help text, build commands;
  
• integrate new applications, drivers, or services (either in-house developed or open source provided) with the full Embedix SDK feature set;
  
• encapsulate the expertise of a single engineer so that other less knowledgeable engineers can implement, build, and effectively use the same software;
  
• quickly edit any of the files within the package source tree; and
  
• build the new application with the same cross-development tools, libraries, include files used by Target Wizard and by the IDE.

Embedix SDK 2.5 will be available for commercial shipment in May, and will be available for free, in evaluation form, on Lineo's web site.

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