Industry Veterans to help lead Icron into new Home Connectivity market
BURNABY, B.C. July 29, 2008- – Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB®, announces today the addition of two new key executives to the management team, Brian Donnelly as VP of Marketing and Business Development and Sukhdeep Hundal as VP of Engineering. Both executives come with very successful track records in their respective companies and have been brought in to accelerate the company’s growth.
“The addition of Brian and Sukhdeep to our executive team comes at an exciting time for Icron,” stated Robert Eisses, President and CEO, Icron Technologies Corp. “Over the past 18 months, Icron has assembled a strong development team to evolve the core technology, and we are now at the position to reap the benefits of that work. Both of these Executives bring a wealth of relevant domain experience of building technology companies in large volume markets. These additions will help Icron build upon our existing success by driving new revenues in new markets including the burgeoning home connectivity market.”
Mr. Donnelly brings significant Business Development, Marketing and Sales expertise to the company. His most recent position with Corinex Communications saw a 20 fold increase in sales over the last 4 years in the home networking market using Powerline communications. “I’m delighted to be joining Icron and see many new exciting growth opportunities in the home connectivity space, including full remote control of the PC on any TV,” said Donnelly. He is a former board member and Chairman of the Universal Powerline Association (UPA) and the previous Chairman of the UPA Marketing Working Group and a frequent invited speaker on Broadband over Powerline technology. Donnelly holds an honours degree in Electrical Engineering from Simon Fraser University in British Columbia, Canada.
Mr. Hundal has 14 years experience in technology development with companies including Sierra Wireless and Vtech Electronics, two world leaders in their market segments, and has a strong understanding of wireless technologies and hardware/software integration in the consumer market. “Icron’s innovative ExtremeUSB® technology supports a wide variety of consumer applications for virtual USB connectivity. I’m looking forward to the challenge of working with the Engineering team to further develop high-volume low-cost solutions that are compatible with HD Video that address the needs of the mass markets,” said Hundal. Mr. Hundal has a Masters Degree in Science in Communications & Radio Engineering from King’s College, University of London, UK, and a Bachelor of Engineering in Electronics and Electrical Communications from Punjab University, India.
For more information about Home Connectivity solutions, read Icron’s Home Connectivity whitepaper at:
About Icron Technologies Corp
Icron Technologies Corporation’s patented ExtremeUSB® technology extends the range of USB in wired environments and enables wireless USB over any RF technology. ExtremeUSB is the only USB-IF compliant extension solution and is deployed globally in a wide range of applications including: industrial automation, medical device, aerospace, KVM and computer networking. ExtremeUSB technology is available in a variety of formats including technology licenses, OEM modules, developer kits, as well as branded and private-label products.
Icron is a publicly traded corporation and trades under the symbol “IT” on the TSX Venture Exchange. For more information on the company and its products, please visit www.icron.com.
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FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release — including, without limitation, statements regarding financial 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.