Intrinsyc Receives New Sales Orders Valued at US$700,260
Embedded Computing Modules Powering Telecommunications, Drones, and Wearable IoT Devices
VANCOUVER, BC – June 26, 2018 –– Intrinsyc Technologies Corporation (TSX: ITC and OTC: ISYRF) (“Intrinsyc” or the “Company”), a leading provider of solutions for the development of embedded and Internet of Things (“IoT”) products, today announced the receipt of orders, last week, from two existing and two new clients, that are in aggregate valued at US$700,260. Orders for the Company’s Open-Q™ embedded computing modules and related hardware components are valued at US$426,800. The Company also received orders for software and product development services from clients valued at US$273,460. Clients are utilizing Intrinsyc solutions to build innovative IoT devices for telecommunications, drones, and wearable applications.
“We continue to generate robust interest in our premium performance embedded computing solutions; leading to new designs for a variety of demanding IoT applications,” stated Mark Waldenberg, Vice President Global Sales, Intrinsyc. “I’m happy with the progress we are making in generating new orders and building our opportunity pipeline.” “
About Intrinsyc Technologies Corporation
Intrinsyc Technologies Corporation is a product development company that combines production-ready computing engines with unmatched product development expertise to enable rapid commercialization of embedded and Internet of Things (“IoT”) products. Intrinsyc has successfully delivered over 1,200 projects from mobile phones and tablets to IoT products like robotics, wearables, connected cameras, augmented reality glasses, and many more. Intrinsyc’s Open-Q™ System on Modules incorporate the industry’s most advanced processor technology and help OEMs to rapidly bring industry leading products, with rich functionality and high performance, to market. Intrinsyc is publicly traded (TSX: ITC and OTC: ISYRF) and is headquartered in Vancouver, BC, Canada; with additional product development centers in Taipei, Taiwan, and Bangalore, India.
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