SOURCE: Intrinsyc Technologies Corporation

Intrinsyc Technologies Corporation

November 23, 2015 09:00 ET

Intrinsyc Signs Development and Supply Agreements for Open-Q System on Modules

New Orders Continue Sales Momentum

VANCOUVER, BC--(Marketwired - November 23, 2015) - Intrinsyc Technologies Corporation (TSX: ITC) ("Intrinsyc" or the "Company"), a leading provider of solutions for the development of intelligent connected devices, today announced the signing of two product design and development agreements and a supply agreement with production order for Intrinsyc's Open-Q 805 SOM, in aggregate the agreements and order exceed US$1 million. The Company earlier this month announced a production hardware order for Open-Q 805 SOMs in the amount of US$737,500.

"Intrinsyc is making excellent progress in both the signing of new design and development agreements and production orders for our Open-Q SOMs," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc Technologies Corporation. "Intrinsyc's Open-Q SOMs combine the best power and power efficiency, with the most advanced sensor integration, to enable the best Internet of Things ("IoT") applications in areas such as connected cameras, augmented reality, drones, and robotics, to name just a few."

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) and is headquartered in Vancouver, BC, Canada.

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