VANCOUVER, BC--(Marketwired - January 26, 2017) - 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 this month from an existing client, a subsidiary of a Fortune 500 Global company, that are in aggregate valued at US$708,000. Delivery of the Open-Q™ embedded computing modules is expected to occur in the first and second quarter of 2017. Additional follow-on orders from this client are anticipated in 2017.
"We are very pleased that our client is increasing the utilization of Intrinsyc's Open-Q system on modules," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc. "Our computing modules not only provide outstanding multimedia capabilities and overall system performance, they also exceed the demanding quality and reliability standards required by our client."
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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 1,000 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 available, 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 Boulder, CO, and Taipei, Taiwan.