VANCOUVER, British Columbia, June 06, 2019 — Intrinsyc Technologies Corporation (TSX: ITC and OTCQX: ISYRF) (“Intrinsyc” or the “Company”), a leading provider of solutions for the development of embedded and Internet of Things (“IoT”) products, today announced the receipt of orders, over the past week, that are in aggregate valued at US$921,011.
Orders for the Company’s Open-Q™ embedded computing modules are valued at US$411,200 and include an initial stocking order for a new client. The Company also received orders from existing and new clients for product development services valued at US$509,811. Products and services ordered are expected to be delivered over the next four months.
“We are pleased with our renewed momentum from these new orders,” stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc. “The orders represent a nice mix of repeat orders from existing clients, an initial hardware order from a new client, and services from existing and new clients. Through Intrinsyc’s edge computing modules and product development services we are helping to develop more intelligent devices for use in robotics, medical devices, and consumer and industrial IoT applications.”