Intrinsyc Announces Order for Open-Q 835 Edge AI Computing Modules 

VANCOUVER, British Columbia, Sept. 30, 2019 -- Intrinsyc Technologies Corporation, a leading provider of solutions for the development of embedded and Internet of Things (“IoT”) products, today announced the receipt of an order, that is valued at $1,120,000. This follow-on order is for the purchase of the Company’s Open-Q 835 edge AI computing modules to be used in a next-generation video collaboration product. Delivery is expected to occur in the first quarter of 2020.

“I’m delighted to see this repeat order from a new strategic client that closely follows their initial stocking order last month,” stated Tracy Rees, Chief Executive Officer, Intrinsyc.  “We are excitedly anticipating their imminent product launch and look forward to their market success.”

About Intrinsyc Technologies Corporation
Intrinsyc provides comprehensive product development services, as well as the industry’s highest-performance edge AI computing modules, to enable rapid commercialization of intelligent Internet of Things (“IoT”) products. Intrinsyc has successfully delivered over 1,400 client projects including sophisticated consumer and industrial IoT products like: robotics, connected cameras, smart displays, augmented reality, smart buildings, wearables, in-vehicle infotainment, and many others.  Intrinsyc’s Open-Q System on Modules incorporate the industry’s most advanced processor technology from Qualcomm Technologies Inc., and help OEMs to rapidly bring industry leading products, with rich functionality and high performance, to market.  Intrinsyc is publicly traded (TSX: ITC and OTCQX: ISYRF) and is headquartered in Vancouver, BC, Canada; with additional product development centers in Taipei, Taiwan, and Bangalore, India.

Source: Intrinsyc Technologies Corporation