pstrip.exe is powerstrip which allows you to overclock your video card and change a ton of video settings. More information can be found here.
Quote: PowerStrip provides advanced, multi-monitor, programmable hardware
support to a wide range of graphics cards - from the venerable Matrox
Millennium I to the latest GeForce 6600GT and ATI X800. It is in fact
the only program of its type to support multiple graphics cards from
multiple chipset vendors, simultaneously, under every Windows operating
system from Windows 95 to the x64-bit edition of XP. A simple menu that
pops up from the system tray provides access to some 500 controls over
your display hardware, including sophisticated color correction tools,
period level adjustments over screen geometry, and driver independent
clock controls.
Every attempt has been made to ensure the information about pstrip.exe is accurate but alot of malware applications try to pose as valid applications. If it is something other than what was posted above please leave some feedback in the forum.
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