219% Revenue Growth Attributed to Icron’s Dedicated Staff and Innovative ExtremeUSB® Technology Solutions
BURNABY, B.C., October 20, 2009 – Icron Technologies (TSX Venture: IT), leading providers of USB extension solutions, has been named to Deloitte’s prestigious Technology Fast 500, a ranking of 500 of the fastest growing technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004 to 2008. Icron grew 219% during this period.
“We are very honored to be part of Deloitte’s Technology Fast 500 program,” stated Icron’s President and CEO, Robert Haefling. “We are especially proud of this prestigious recognition over the past two years. Icron’s success can be attributed to the concerted efforts of our employees, our product development and the ability to consistently provide customers with the highest quality USB solutions and support.”
“With its impressive five-year growth, Icron has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Deloitte is proud to honor Icron for its achievement.”
Deloitte’s Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth.
Technology Fast 500 Selection and Qualifying Criteria
The Technology Fast 500 award program ranks the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. It is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte. Deloitte’s 2009 Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not qualify. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues. Technology Fast 500 award eligibility requirements include a base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, these revenues must have more than doubled between 2004 and 2008. Also, companies must be in business for a minimum of five years, and be headquartered within North America.
About Icron Technologies Corp.
Icron Technologies is a visionary leader in high performance PC and USB extension solutions for commercial and industrial markets worldwide. Icron’s USB extension and bridging products are deployed in a wide range of applications including: digital home connectivity, industrial automation, medical imaging, aerospace, and KVM extension. Icron’s patented ExtremeUSB® technology extends the range of USB 1.1 / 2.0 over Cat 5e, Wireless, Fiber, Powerline, Coax and Phone lines, at distances of up to 25 miles (40 km). ExtremeUSB technology is available in a variety of formats including branded and private-label products, OEM modules and developer kits.
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.
“As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.”
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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.