Intrinsyc Announces Order for Machine-to-Machine ("M2M") Communication Modules
(Marketwire Via Acquire Media NewsEdge) VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/10/14 --
Intrinsyc Software International (TSX: ICS) ("Intrinsyc"), a leading developer of embedded and wireless devices announced the receipt of an order from a leading asset tracking company for the DTW 200 M2M module built by AnyDATA Corporation that is expected to exceed $850,000 in revenue; with delivery in the second half of this year. Intrinsyc is a value added distributor of M2M modules from AnyDATA, and provides complementary design and development services, for companies looking to develop and deploy solutions for the Internet of Things ("IoT") market.
The DTW200-D module provides a turn-key solution, which enables real-time and location-aware connections, enabling a new wave of highly personalized mobile experiences and services. The module is a very small form factor modem measuring a mere 21 x 22 x 4.5mm, supports CDMA 800/1900MHz and CDMA 1x DL: 153Kbps, UL:14.1Kbps data speeds, and includes 1GB NAND Flash, 512MB RAM, USB 2.0, Bluetooth 2.0, GPS, AGPS, and an accelerometer.
"The DTW 200-D's ultra-small size, low power consumption, and sensor and connectivity features make it a great fit for a wide variety of applications including; wireless health, asset tracking, fleet management, and many more," stated Tracy Rees, President and CEO of Intrinsyc. "AnyDATA's M2M modules combined with Intrinsyc's design, development, and consulting services, enable companies to rapidly develop and deploy solutions for the IoT market."
This press release contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking information under applicable Canadian securities legislation that involve risks and uncertainties. Such forward-looking statements or information may include financial and other projections as well as statements regarding the Company's future plans, objectives, performance, revenues, growth, profits, operating expenses or the Company's underlying assumptions. The words "may", "would", "could", "will", "likely", "expect," "anticipate," "intend", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases may identify forward-looking statements or information. Persons reading this press release are cautioned that such statements or information are only predictions, and that the Company's actual future results or performance may be materially different. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to: the need to develop, integrate and deploy software solutions to meet the Company's customer's requirements; the possibility of development or deployment difficulties or delays; the dependence on the Company's customer's satisfaction; the timing of entering into significant contracts; customers' continued commitment to the deployment of the Company's solutions; the performance of the global economy and growth in software industry sales; market acceptance of the Company's products and services; the success of certain business combinations engaged in by the Company or by its competitors; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to international expansion; concentration of sales; international operations and sales; dependence upon key personnel and hiring; reliance on a limited number of suppliers; industry growth; competition; intellectual property; product defects and product liability; currency exchange rate risk; and other factors described in the Company's reports filed on SEDAR, including its Annual Information Form and financial report for the year ended December 31, 2012. This list is not exhaustive of the factors that may affect the Company's forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
About Intrinsyc Software International, Inc.
Intrinsyc Software International, Inc. (www.intrinsyc.com) is a product development company that provides hardware, software, and service solutions that enable next-generation embedded and wireless products. Solutions span the development life cycle from concept to production. These solutions help device makers and technology suppliers create compelling differentiated products with faster time-to-market. Intrinsyc is publicly traded (TSX: ICS) and is headquartered in Vancouver, BC, Canada.
About AnyDATA Corporation
AnyDATA Corporation (www.anydata.com), headquartered in Irvine, CA, USA, is a global leader in the quality design and manufacture of high-performance wireless devices including tablets, smartphones, modules, and modems. A one-stop solution, AnyDATA provides a full range of device services-design, development, testing, certification, and manufacture. With over 17 years of experience in wireless connectivity, AnyDATA helps network operators and major brands deliver stylish, reliable, differentiated devices to consumers worldwide. AnyDATA products have been certified by 60 operators in 45 countries.
Intrinsyc Software International, Inc.
Chief Executive Officer
Source: Intrinsyc Software International, Inc.
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