SOURCE: Intrinsyc Technologies Corporation

Intrinsyc Technologies Corporation

December 07, 2016 09:00 ET

Intrinsyc Announces New Product Development Agreement Received From Client Valued at US$447,000

Agreement Covers Product Development Services for Development of Automotive Platform

VANCOUVER, BC--(Marketwired - December 07, 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 an agreement with a new client valued at US$447,000.

The agreement is for the Company's product development services, including mechanical and electrical design and software development. The client's system will be based on Intrinsyc's Open-Q™ 410 System on Module and is expected to launch in the second half of 2017.

"We are pleased to receive this development agreement and design win for Intrinsyc's Open-Q™ 410 System on Module to be leveraged in a compelling new automotive segment," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc Technologies Corporation. "The Open-Q™ 410 System on Module is a cost-effective, powerful computing platform, which Intrinsyc uniquely combines with complete product development services to enable our clients to reduce risks and accelerate innovative IoT products to market."

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 Internet of Things ("IoT") products. 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.

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Contact Information

  • For more information, please contact:

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