SOURCE: Intrinsyc Technologies Corporation

Intrinsyc Technologies Corporation

August 19, 2016 09:00 ET

Intrinsyc Signs New Product Development Services Agreements

Agreements With an Existing Client Valued at US$658,080

VANCOUVER, BC--(Marketwired - August 19, 2016) - Intrinsyc Technologies Corporation ("Intrinsyc" or the "Company") (TSX: ITC), a leading provider of solutions for the development and production of embedded and Internet of Things ("IoT") products, today announced two new product development agreements that were signed this week. The product development services agreements are extensions of development projects for a long-term existing client. In aggregate, the value of the agreements equals US$658,080.

"We are pleased to continue our long-standing relationship as we enable advanced functionality on a custom version of an Open-Q™ single board computer for a number of our clients' products," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc Technologies Corporation.

Information on the Company's Open-Q™ product line can be found at:

https://www.intrinsyc.com/computing-platforms/snapdragon-computing-modules/

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 1,000 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 ("SOM") and Single Board Computers ("SBC") 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) and (OTC: ISYRF) and is headquartered in Vancouver, BC, Canada, with additional product development centers in Boulder, CO, and Taipei, Taiwan.

© Intrinsyc Technologies Corporation. All rights reserved.

Intrinsyc and Open-Q™ and their respective logos are trademarks, registered and otherwise, of Intrinsyc Technologies Corporation in Canada, European Union, Taiwan, United States of America and other jurisdictions. Other products and services mentioned in this document are identified by the trademarks or service marks of their respective companies or organizations.

Contact Information

  • For more information, please refer to the Intrinsyc's website at www.intrinsyc.com or contact:

    Mark Waldenberg
    Vice President, Global Sales
    Intrinsyc Technologies Corporation
    Email: Email contact
    Phone: +1-604-801-6461