Intrinsyc Technologies Corporation (TSXV:$ITC) announced the receipt of orders from new and existing clients having an aggregate value of over US$800,000. The orders for Intrinsyc’s Open-Q™ embedded computing modules and related hardware components have a value of about US$185,000, while the engineering services agreements from multiple clients are valued at about US$630,000.
The engineering services orders include orders from an industry-leading company in the robotics industry, a Fortune 500 computing company, and an Industrial Internet of Things (IoT) company planning on using Intrinsyc’s recently launched Open-Q™ 626 system on module (SOM).
The hardware shipments and services are expected to be provided during the fourth quarter of 2017 and the first quarter of 2018.
Mark Waldenberg, Vice President of Global Sales for Intrinsyc, has stated, “We continue our sales momentum with hardware and services orders from existing clients. In addition, the launch of new embedded computing products, like the Open-Q™ 626, is generating new design wins that we expect to lead to repeat hardware orders for multiple years.”
About Intrinsyc Technologies Corporation
Intrinsyc Technologies Corporation is a product development company, combining production ready computing engines with unmatched product development expertise in order to enable a more rapid commercialization of embedded and Internet of Things products. Intrinsyc has successfully delivered over 1,000 projects for mobile phones, tablets, and IoT products such as robotics, wearables, connected cameras, augmented reality glasses, and more. Intrinsyc’s Open-Q™ System on Modules incorporate the industry’s most advanced processor technology available and help OEMs rapidly bring industry-leading products to market through rich functionality and high performance. Intrinsyc is publicly traded and has its headquarters in Vancouver, BC, Canada, along with additional product development centers in Boulder, Colorado, and Taipei, Taiwan.
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