BURNABY, B.C. Canada, July 9, 2002 – Icron Technologies Corporation (TSX Venture Exchange: IT), a leading provider of extended range, high performance connectivity technologies for the industrial and commercial computing marketplace, today announced that it has entered into a business relationship with a developer and supplier of security and productivity improvement technologies.
Icron and AmiSnap Technology Integrators, based in Pretoria, South Africa, have agreed on terms of a technology integration and mutual distribution agreement. Icron will distribute AmiSnap’s digital video surveillance and visual productivity solution in North America. AmiSnap’s solution builds on Icron’s USB Ranger products in order to connect digital cameras and other USB (Universal Serial Bus)-based peripherals within its system. As well as purchasing Icron products for integration into its product packages, AmiSnap will distribute Icron products in Africa.
This agreement will extend the product marketing reach of both Icron and AmiSnap and is a further step in Icron’s initiative to facilitate “open systems” for physical security and observation and for monitoring of business processes for improved productivity.
“This system will enhance your visual environment and provide an affordable means to integrate your existing IT (information technology) assets into a comprehensive surveillance system. With highly configurable modules, this platform installs easily on WindowsÔ 98/2000/ME/XP based systems and performs exceptionally well across networks,” according to Les Lubbe, AmiSnap’s Managing Director.
“With this agreement, Icron is acting on its plan to leverage the company’s ExtremeUSB technology to grow new markets. We believe that digital video observation combined with use of Icron’s extended range USB connectivity technology, makes up a ‘killer application’ that meets the needs of broad markets, from mid-sized business to the home. AmiSnap’s product suite, that includes Icron’s USB Rangers, delivers dramatic cost-savings and exciting new functionality for management of work and personal-living environments,” said Suresh Singh, Icron’s President and CEO.
“The United States, Canada and South Africa represent markets with immediate, demonstrated demand for an improved ability to monitor one’s physical surroundings. Whether the need is driven by heightened security concerns or a requirement for visual contact with business or home via the Internet, the AmiSnap/Icron solution delivers a powerful, standards-based package for the customer,” added Kevin Lee, Vice President of Sales and Marketing for Icron.
Icron and AmiSnap will launch the packaged products in their respective markets in the next sixty days. Information on AmiSnap’s product suite is available at: www.amisnap.co.za. Icron will highlight the solution on its website shortly.
Icron Technologies Corporation of Burnaby, B.C. has invented ExtremeUSBÿ technology, a practical means of extending the range of USB connections from 5 meters to 2 kilometers. Icron’s USB Rangerÿ products are the only USB extenders that are compliant with the USB Implementers Forum requirements. Icron is working with a number of partner companies to integrate its technology into products for various computing applications. Icron’s mission is to be the global leader in technologies that bring the benefits of Universal Serial Bus to commercial and industrial computing marketplaces. Icron is a publicly traded company and trades under the symbol IT on the TSX Venture Exchange.
Note: The company relies on litigation protection for “forward-looking” statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release – including, without limitation, statements regarding production estimates and future plans and objectives of Icron – are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.