Intrinsyc Signs Development and Supply Agreements for Open-Q System on Modules
New Orders Continue Sales Momentum
/EINPresswire.com/ -- VANCOUVER, BC--(Marketwired - November 23, 2015) - Intrinsyc Technologies Corporation (TSX: ITC) ("Intrinsyc" or the "Company"), a leading provider of solutions for the development of intelligent connected devices, today announced the signing of two product design and development agreements and a supply agreement with production order for Intrinsyc's Open-Q 805 SOM, in aggregate the agreements and order exceed US$1 million. The Company earlier this month announced a production hardware order for Open-Q 805 SOMs in the amount of US$737,500.
"Intrinsyc is making excellent progress in both the signing of new design and development agreements and production orders for our Open-Q SOMs," stated Mark Waldenberg, Vice President, Global Sales, Intrinsyc Technologies Corporation. "Intrinsyc's Open-Q SOMs combine the best power and power efficiency, with the most advanced sensor integration, to enable the best Internet of Things ("IoT") applications in areas such as connected cameras, augmented reality, drones, and robotics, to name just a few."
About Intrinsyc Technologies Corporation
Intrinsyc Technologies is a product development company that provides comprehensive and tailored solutions that enable the development and production of next-generation intelligent connected devices. Solutions span the development life cycle from concept to production and help device makers and technology suppliers create compelling differentiated products with faster time-to-market. Intrinsyc is publicly traded (TSX: ITC) and is headquartered in Vancouver, BC, Canada.
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George Reznik
Chief Financial Officer
Intrinsyc Technologies Corporation
Email: Email contactPhone: +1-604-678-3734
Email contact
Intrinsyc's OPEN-Q™ 8084 is an ultra small (82x35mm), production-ready, System-On-Module (SOM) based upon the powerful,. Snapdragon 805 Series APQ8084, quad core processor, from Qualcomm® Technologies Inc.
Intrinsyc's Open-Q™ 810 System on Module (SOM) is a compact, production ready module based upon Qualcomm's Snapdragon 810 processor.
Intrinsyc's Open-Q™ 410 System-On-Module (SOM) is an ultra-small (26.5mm x 44mm), production-ready module based upon the powerful Snapdragon™ 410 Series APQ8016, quad core processor, from Qualcomm® Technologies Inc.
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