Intrinsyc Enters into a 3G/4G Patent License Agreement with Qualcomm

Intrinsyc Technologies (TSX:ITC) announced that the company has signed a 3G/4G patent license agreement with Qualcomm.

Intrinsyc, a leading provider of solutions for the development of connected devices said that Qualcomm has granted a royalty-bearing patent license to develop and manufacture and sell embedded modules for use in complete terminals.

As quoted in the press release:

“We are excited to expand on our relationship with Qualcomm to develop innovative modules that will enable our clients to create intelligent connected IoT products,” said Tracy Rees, Chief Executive Officer, Intrinsyc Technologies Corporation. “Intrinsyc has developed a compelling portfolio of embedded computing modules based on the Qualcomm® Snapdragon™ processor technology for use in IoT devices such as wearables, cameras, robotics, telematics, and more. With this agreement we will be able to expand our product lineup to include modules that incorporate the industry’s leading cellular technology from Qualcomm.”

Intrinsyc’s first product to take advantage of the new licensing arrangement is currently under development. The Open-Q™ 2500-M1 is a small footprint System on Module (“SOM”) designed for wearables and tracking applications. The SOM will be powered by the Qualcomm® Snapdragon Wear™ 2500 platform and will include an integrated LTE modem.

“We are pleased to sign a licensing agreement that expands on our long-standing relationship and enables Intrinsyc to create a broadened set of solutions for the Internet of Things and telematics markets,” said John Han, SVP and GM, Qualcomm Technology Licensing. “Qualcomm’s breakthrough technologies make ecosystems thrive, and we are proud to empower OEMs like Intrinsyc to compete, innovate and grow globally.”

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