SOURCE: Intrinsyc Technologies Corporation

Intrinsyc Technologies Corporation

April 12, 2016 09:00 ET

Intrinsyc Announces New Agreements Received From Client Valued at $985,000

Agreements Cover Engineering Services for FPGA Development

VANCOUVER, BC--(Marketwired - April 12, 2016) - Intrinsyc Technologies Corporation (TSX: ITC) (OTC: ISYRF) ("Intrinsyc" or the "Company"), a leading provider of solutions for the development and production of embedded and Internet of Things ("IoT") products, today announced the Company signed two agreements with an existing client that are valued at $985,000.

The agreements cover the Company's Field Programmable Gate Array ("FPGA") design and development services. FPGAs are semiconductor devices that are based around a matrix of configurable logic blocks ("CLBs") connected via programmable interconnects. FPGAs are used in embedded systems to increase system performance, reliability, security, and intellectual property protection.

 "I'm pleased that we are extending our client relationship with these new agreements," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc Technologies Corporation. "Intrinsyc has comprehensive product design and development capabilities from concept through production and FPGA design services are one of the approaches we use to build high quality embedded and IoT products."

About Intrinsyc Technologies Corporation

Intrinsyc Technologies is a product development company that provides comprehensive and tailored solutions that enable the development and production of next-generation intelligent connected devices. Solutions span the development life cycle from concept to production and help device makers and technology suppliers create compelling differentiated products with faster time-to-market. Intrinsyc is publicly traded (TSX: ITC) (OTC: ISYRF) and is headquartered in Vancouver, BC, Canada.

Contact Information

  • For more information, please contact:

    Rachele Webb
    Marketing Communications Coordinator 
    Intrinsyc Technologies Corporation
    Email: rwebb@intrinsyc.com
    Phone: +1-604-632-3559
    www.intrinsyc.com