Intrinsyc (TSX: ITC and OTCQX: ISYRF) Closes New Orders for Embedded Computing Modules and Product Development Services Valued at US$851,000
VANCOUVER, BC – December 4, 2018 –– Intrinsyc® Technologies Corporation (TSX: ITC and OTCQX: 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 multiple clients that are in aggregate valued at US$851,000. Orders for the Company’s Open-Q™ embedded computing modules are valued at US$170,000. Orders for product development services from two existing and two new clients are valued at US$681,000. Clients are utilizing Intrinsyc’s high-performance computing modules and expert product development services to build a variety of innovative Industrial IoT devices.
“I’m pleased to add these new orders and two new design wins for our Open-Q computing modules,” stated Mark Waldenberg, Vice President Global Sales, Intrinsyc. “We’ve made great progress in increasing design wins during the year and look forward to additional orders for production hardware as we help our new clients accelerate their products to market.”
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 OTCQX: ISYRF) and is headquartered in Vancouver, BC, Canada; with additional product development centers in Taipei, Taiwan, and Bangalore, India.