Now That's An Order - $5.5mm plus potential for $4.5mm MoreIntrinsyc Books Non-Cancellable Orders Valued at US$5,431,000 for Materials Related to Production of Open-Q™ Embedded Computing Modules
Delivery and title of ownership to the components will transfer to the Client with revenue anticipated to be recognized as follows: Q4 2018 US$976,000, Q1 2019 US$1,206,000, Q2 2019 US$1,949,000, and Q4 2019 US$1,300,000. The computing processors and memory are expected to be consumed for potential future orders of the Company’s Open-Q™ embedded computing modules. Should the end of life computing modules be delivered as expected there is the potential for additional revenue from the Company’s Open-Q™ through 2021 in the amount of US$4,462,000, resulting in total orders of US$9,893,000.