Intrinsyc Books Orders for Company’s Open-Q™ Embedded Computing Modules

Intrinsyc Technologies Corporation (TSX:ITC), a leading provider of solutions for the development of embedded and Internet of Things (IoT) products announced the receipt of orders totalling US$1,877,000.

The company said that it received orders from an existing client which is a Global 500 company along with a new client who are into building electric vehicles.

As quoted in the press release:

Orders include embedded computing modules from an existing Global 500 client, valued at US$1,104,000, and development platforms and modules from a new client that is building electric vehicles valued at US$119,000.  The Global 500 Client also signed agreements earlier in the month for product development services valued at US$654,000. Hardware shipments and product development services are expected to be provided in the current quarter, through the end of 2018.

“I’m pleased that our ability to deliver high quality products and services is resulting in incremental business with existing clients, and our expanding line of industry leading embedded computing modules is enabling us to win new production clients, including our most recent client in the automotive segment,” stated Mr. Mark Waldenberg, Vice President Global Sales, Intrinsyc.   “Intrinsyc’s embedded computing platforms are ideal solutions for established and emerging companies that want to push the boundaries of innovation and performance in IoT and automotive applications.”

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