Also dont forget this order of 50,000 som @219.00 each :) Intrinsyc Announces Initial Purchase Orders Received from Clients Expected to be Significant Contributors to Revenue in FY2016
Vancouver, BC – August 10, 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 Company received initial purchase orders from clients that are expected to be significant revenue contributors in FY 2016.
On April 28, 2015, Intrinsyc announced new design wins for the Company’s Open-Q™ 805 system on modules. Among these design wins were signed agreements to provide product development services with two clients each valued at more than $250,000, that also have aggregate expected annual unit volume of Intrinsyc’s Open-Q modules exceeding 50,000 units, beginning in the first half of 2016, subject to confirmation and release schedule from future purchase orders. Intrinsyc is close to completion of the product development phase of both of these projects and received initial purchase orders of 1,000 and 250 units respectively from the two clients. Delivery of these orders is planned for this quarter.