Clients are Developing Innovative Robotics, Wearables, and Entertainment Devices
VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) — Intrinsyc Technologies Corporation (TSX:ITC) (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 four clients, that are in aggregate valued at US$1,166,000. Orders for the Company’s Open-Q™ embedded computing modules and related hardware components are valued at US$292,000. The Company also received orders for software and product development services from clients valued at US$874,000. Clients are utilizing Intrinsyc’s computing modules and services to build innovative IoT products for robotics, wearables, and entertainment.
Hardware orders include an order from one client for components that are expected to be consumed in the manufacturing of computing modules for future orders, and from a second client for Open-Q™ 2100 System on Modules (“SOM”). Product development services include a new design for a client that intends to use Intrinsyc’s Open-Q™ 820 µSOM for their head-mounted device and the development of security features for a robotic device from an established company.
“Intrinsyc continues our strong sales momentum with these orders,” stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc. “Our broad portfolio of embedded computing solutions is gaining strong interest due to the high-performance, advanced features, and reliability; and this is leading to new design services and hardware orders.”
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) (OTC:ISYRF) and is headquartered in Vancouver, BC, Canada; with additional product development centers in Taipei, Taiwan, and Bangalore, India.
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Intrinsyc Technologies Corporation
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