Intrinsyc Announces Signing of Supply Agreement and an Initial Order for the Company’s Open-Q™ 820 edge AI Computing Modules
VANCOUVER, British Columbia, Sept. 24, 2019 (GLOBE NEWSWIRE) — 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 signing of a supply agreement and receipt of an order, that is valued at US$513,000. This initial stocking order is for the purchase of the Company’s Open-Q™ 820 edge AI computing modules that will be used to enable commercial vehicle connectivity services provided by a Fortune 500 company. Delivery is expected to occur in the in the current third quarter of fiscal 2019, ending September 30, 2019.