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Intrinsyc to Open Engineering Center in San DiegoServes Growing Demand for Company's Product Development Services and M2M Product Initiatives (October 20, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/20/11 -- Intrinsyc Software International, Inc. (TSX:ICS), a leading product development company, is expanding operations with the planned opening of an engineering center in San Diego, California to meet the company's growing demand for product development services. In addition to product development services for the world's leading OEM companies developing wireless devices, the San Diego location will become the center for new product initiatives related to development of M2M (Machine-to-Machine) solutions.
"We are expanding our engineering capabilities due to increasing customer demand for our product development services, as well as new technology partnerships and product initiatives," said Tracy Rees, Chief Executive Officer, Intrinsyc. "With our new presence in San Diego, we will be able to provide better collaboration with regional customers and technology partners, as well as attract new talent to the company. I am especially looking forward to the new solutions that we will be developing to enable intelligent connected devices for M2M markets such as wireless health and fitness, smart grids, and more."
The new office will be located in Sorrento Valley in close proximity to numerous wireless technology companies. Intrinsyc is currently recruiting staff and will open the new office on November 1, 2011.
Fiscal 2011 Third Quarter Financial Results
The Company will release its fiscal 2011 third quarter for the three and nine months ending September 30, 2011 financial results on Thursday, November 10, 2011 at 4:00 p.m. Eastern Time (1:00 p.m. Pacific Time). The company will hold a conference call to discuss the financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) the same day. On the call, Tracy Rees, President and Chief Executive Officer, and George Reznik, Chief Financial Officer, will discuss the financial results announced. This conference call may be accessed in North America, toll-free, by dialing 1-866-610-8602, and internationally by dialing +1-212-401-8152 approximately 10 minutes prior to the start of the call. This conference line is operator assisted and an access PIN is not required. The conference call will also be broadcast live over the Internet and available for replay on the Company's Investor Relations Conference Calls web page (www.intrinsyc.com/investors/conference_calls.aspx). Analysts and investors are invited to participate on the call. Questions may be submitted to [email protected] prior to the call.
About Intrinsyc Software International, Inc.
Intrinsyc is a product development company that is dedicated to bringing industry leading next generation intelligent connected devices to market, from smartphones and tablets, to emerging categories of M2M (Machine-to-Machine) solutions. Intrinsyc is helping to lead the way to a networked society where 50 billion intelligent connected devices are expected by 2020. Intrinsyc is publicly traded (TSX:ICS) and is headquartered in Vancouver, Canada, with operations in China, Taiwan and the United States.
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