SOURCE: Intrinsyc Technologies Corporation

Intrinsyc Technologies Corporation

May 31, 2016 09:00 ET

Intrinsyc Announces New Client Using Company's Open-Q™ Embedded Computing Modules

Open-Q™ System on Modules to Power Imaging and Video Products for Virtual Reality and Other Applications

VANCOUVER, BC--(Marketwired - May 31, 2016) -  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 a new client for the Company's Open-Q™ system on modules.

The client creates imaging and video products with 360 degree view and 4K resolution for commercial video, machine vision, and virtual reality ("VR") applications. Delivery of embedded computing modules, valued at more than $250,000, is expected to occur in the current quarter, ending June 30, 2016, with follow-on orders expected.

"Intrinsyc's Open-Q™ system on modules deliver outstanding performance in a variety of embedded and IoT devices, especially high-end multimedia and imaging products," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc Technologies Corporation. "We are happy to add this latest production win to our growing list of clients."

Forward-Looking Statements

This press release contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking information under applicable Canadian securities legislation that involve risks and uncertainties. Such forward-looking statements or information may include statements regarding the Company's future plans, objectives, delivery performance, revenues, or the company's underlying assumptions. The words "may", "would", "could", "will", "likely", "expect," "anticipate," "intend", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases may identify forward-looking statements or information. Persons reading this press release are cautioned that such statements or information are only predictions, and that the Company's actual future results or performance may be materially different. Risk factors are described in the Company's reports filed on SEDAR, including its Annual Information Form and financial report for the year ended December 31, 2015. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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 IoT products. Intrinsyc has successfully delivered over 800 projects from mobile phones and tablets to IoT products like robotics, wearables, connected cameras, augmented reality displays 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. 

Contact Information

  • For more information, please contact:

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