Intrinsyc Secures New Design Win and Orders Valued at US$748,000 Hardware and Services Orders for Surveillance Camera and Other IoT Devices
VANCOUVER, British Columbia, Dec. 28, 2018 (GLOBE NEWSWIRE) — Intrinsyc® Technologies Corporation (TSX: ITC and OTCQX: ISYRF) (“Intrinsyc” or the “Company”), a leading provider of solutions for the development of Internet of Things (“IoT”) products, today announced the receipt of orders, last week, from multiple clients that are in aggregate valued at US$748,000. Orders were received from a combination of existing and new clients. The largest order was a product development services project for an outdoor surveillance camera valued at $375,000. In addition to the camera project, clients are utilizing Intrinsyc’s advanced-performance, Open-Q™ computing modules and expert product development services to build a variety of innovative Industrial and Consumer IoT devices.
“Intrinsyc is adding to its base of clients choosing to power their IoT products with our Open-Q, advanced-performance embedded computing modules,” stated Mark Waldenberg, Vice President Global Sales, Intrinsyc. “We have a wide range of computing solutions that enable best-in-class functionality for Industrial and Consumer IoT devices and I’m pleased with our ability to continue to generate new design wins and orders.”
About Intrinsyc Technologies Corporation
Intrinsyc Technologies Corporation is a product development company that combines production-ready computing modules with unmatched product development expertise to enable rapid commercialization of Internet of Things (“IoT”) products. Intrinsyc has successfully delivered over 1,200 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 and help OEMs to rapidly bring industry-leading products, with rich functionality and high performance, to market. Intrinsyc is publicly traded (TSX: ITC and OTCQX: ISYRF) and is headquartered in Vancouver, BC, Canada; with additional product development centers in Taipei, Taiwan, and Bangalore, India.
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