Intrinsyc (TSX: ITC and OTC: ISYRF) Achieves New Design Wins for Embedded Computing Modules to Power Innovative Medical Devices
Agreements for Product Development Services Valued at Approximately US$642,000
VANCOUVER, BC – April 23, 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 that two Original Equipment Manufacturers (OEM) have selected Intrinsyc’s Open-Q™ System on Modules (SOM) to power their innovative medical devices. One of the design wins involves a medical device with an integrated camera and will utilize Intrinsyc’s Open-Q™ 626 SOM. The other client will be using a custom version of the Company’s Open-Q™ 820 SOM designed by Intrinsyc specifically to the client’s unique requirements. The total value of the services agreements is approximately US$642,000
Intrinsyc’s Open-Q™ 626 SOM is an ultra-compact (50mm x25mm) production-ready embedded computing module that is ideal for powering next-generation connected cameras, and other IoT devices. The feature-rich SOM with its advanced processor technology supports premium 4K video with HEVC capture and playback for optimal balance of quality and bandwidth. It offers professional camera features, including; improved dynamic range, enhanced Autofocus performance and computational photography.
“The momentum for Intrinsyc’s Open-Q™ computing modules continues with these two design wins, which follow two other design wins announced earlier this month,” said Mr. Mark Waldenberg, Vice President of Global Sales for Intrinsyc. “Our clients appreciate the premium-performance, high-reliability, and quality design of our production-ready embedded computing modules, as well as our ability to deliver custom computing solutions tailored specifically to their unique requirements.”
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, medical devices, and many more. Intrinsyc’s Open-Q™ System on Modules incorporate the industry’s most advanced processor technology available 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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