Intrinsyc Software International Inc ISYRF

Intrinsyc Announces Engagement of Roth Capital Partners

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VANCOUVER, BRITISH COLUMBIA – February 5, 2019 – Intrinsyc® Technologies Corporation (TSX: ITC and OTCQX: ISYRF) (“Intrinsyc” or the “Company”), a leading provider  of solutions for the development and production of embedded and Internet of Things (“IoT”) products, today announced Intrinsyc’s engagement of Roth Capital Partners, LLC (“Roth”) as a financial advisor with a mandate to accelerate strategic growth opportunities for the Company. The goal of Roth’s mandate, which has been documented by a formal engagement agreement on standard industry terms, is to enhance value for all holders of Intrinsyc common shares. 

Intrinsyc achieved record revenue of US$25.7 million (CDN$33.4 million) in 2018 and has compiled a 26.4% compound annual revenue growth (“CAGR”) from 2014 – 2018.  Intrinsyc is now seeking opportunities to augment its strong organic growth which would bring greater scale and could lead to increased valuation of the Company’s shares.

Intrinsyc provides embedded computing modules and product development services to enable and support a wide variety of fast-growing IoT products such as robotics, connected cameras, smart displays, augmented reality glasses, smart buildings, wearables, in-vehicle infotainment, and many others. 

The Company does not provide an assurance that this process will result in a transaction or, if a transaction is undertaken, the timing or terms of any such transaction. There can be no assurances that the process will result in any specific transaction that will be acceptable to the Company.