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Intrinsyc Announces Major Order From Robotics Company
Jun. 25, 2019 08:30AM PST
Emerging Technology InvestingIntrinsyc (TSX:ITC), a company that is focused on the commercialization of IoT services and its development announced that it has received over US$920,000 in orders in the past week. One new robotics client placed an initial stocking order that amounted to US$500,000. As quoted in the press release: Orders for the Company’s Open-Q™ embedded computing …
Intrinsyc (TSX:ITC), a company that is focused on the commercialization of IoT services and its development announced that it has received over US$920,000 in orders in the past week. One new robotics client placed an initial stocking order that amounted to US$500,000.
As quoted in the press release:
Orders for the Company’s Open-Q™ embedded computing modules are valued at US$659,434 and include an initial stocking order for a new production client building robotic devices valued in excess of US$500,000. The Company also received orders from existing and new clients for product development services and support valued in aggregate at US$260,600. Products and services ordered are expected to be delivered over the next two quarters.
“We are pleased to see our client making a successful product launch in the fast-growing robotics market,” stated Cliff Morton, Vice President, Client Solutions, Intrinsyc. “Intrinsyc’s edge computing modules are ideal platforms for creating robots and other sophisticated products using computer vision and artificial intelligence.”