Intrinsyc (TSX: ITC and OTC: ISYRF) Adds New Orders for Embedded Computing Hardware and Product Development Services Valued at US$1,129,000
VANCOUVER, BC – July 5, 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 the receipt of orders, last week, from multiple clients that are in aggregate valued at US$1,129,000. Orders for the Company’s Open-Q™ embedded computing modules and related hardware components are valued at US$419,000. The Company also received orders for software and product development services from clients valued at US$710,000. Clients are utilizing Intrinsyc solutions to build innovative IoT devices for connected cameras, wearables and automotive in-vehicle infotainment.
“We are executing on our marketing plans to increase awareness and demand for Intrinsyc’s high-performance embedded computing solutions and it is leading to increased sales orders” stated Mark Waldenberg, Vice President Global Sales, Intrinsyc. “The orders last week capped a solid quarter of sales performance and growth in order backlog.”
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.