BURNABY, B.C., February 20, 2004 – Icron Technologies Corporation (TSX Venture: IT), a leading provider of high performance digital connectivity technologies, announced that it is providing its specialized engineering services and related expertise to Intrinsyc Software International, Inc. in relation to various original equipment manufacturer (OEM) designs that incorporate the Universal Serial Bus (USB) protocol.
Intrinsyc (TSX:ICS) is a leader in helping Global 1000 enterprises create, network and manage specialized, intelligent devices. Intrinsyc delivers products, systems integration and engineering services to help companies create and manage a wide range of specialized consumer and industrial devices. Icron’s expertise in serial digital connectivity, and specifically its work with the Universal Serial Bus (USB) protocol, will add value to Intrinsyc’s own offerings.
Icron’s patented ExtremeUSB® technology and products are facilitating the use of USB in remote computing applications within factory automation, testing and measurement, video observation, building automation and medical hardware markets. Next generation computing platforms will increasingly rely on USB for plug-and-play, hot swappable, easily integrated connections between processors and peripheral devices.
“This relationship with Intrinsyc brings together the resources of two innovative companies that are addressing many of the same computing market segments and customers. Intrinsyc can now leverage Icron’s in-depth understanding of USB and related connectivity technologies to deliver greater value to its customers,” said Suresh Singh, Icron’s President and CEO.
“We are impressed with Icron’s USB connectivity solutions and technical expertise,” said Derek Spratt, President and Chief Executive Officer, Intrinsyc Software. “ We have already benefited from applying their expertise to some recent customer engagements and expect this relationship to grow over time.”
Icron Technologies Corporation creates and markets high-performance digital connectivity technologies and products for the computing and visual display markets. The company provides branded and private-label packaged products, Original Equipment Manufacturer (OEM) modules, developer kits, and engineering and development services.
Icron’s technological innovations include its patented ExtremeUSB® technology which touches several large worldwide markets from industrial automation to medical devices, aerospace, computer networking and audio/video.
Icron is a publicly traded Canadian corporation and trades under the symbol “IT” on the TSX Venture Exchange.
Intrinsyc provides unique software and hardware solutions that enable companies to cost-effectively create, network and manage a wide range of consumer and industrial specialized, intelligent devices. By leveraging Intrinsyc’s products, engineering design services and systems integration expertise, customers make better decisions, improve productivity, and reduce time-to-market. Intrinsyc is a rapidly expanding, public company with global customers such as Microsoft, Intel, Philips, Siemens, IBM General Electric, Ford, and BEA Systems. To find out more about Intrinsyc, visit www.intrinsyc.com.
For further information, please contact the following:
|Icron Technologies Corporation|
|Suresh Singh, President & CEO
|Kevin Lee, Vice President, Sales & Marketing
|Intrinsyc Software International, Inc.|
|Chuck Leighton, Chief Financial Officer
|Icron Investor Relations|
|Cathy Hume, CEO
Cavalcanti Hume Funfer Inc.
|Phone: (403) 541-1225
Fax: (403) 410-7217
Cavalcanti Hume Funfer Inc.
|Phone: (416) 868-1079
Fax: (416) 868-6198
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.