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Icron Reports Preliminary Results For Fourth Quarter And Year-end 2003

BURNABY, B.C., January 23, 2004 - Icron Technologies Corporation (TSX Venture: IT), a leading provider of high performance digital connectivity technologies, reports preliminary fourth quarter revenue of approximately $600,000 compared to the $698,000 reported for the three months ended December 31, 2002. A loss of approximately $100,000 is expected for the quarter. Icron expects gross margins of 42% for the quarter.

Total revenues for the twelve months ended December 31, 2003 were approximately $2,260,000 which represents a 12% increase over revenues of $2,025,000 for year ended December 31, 2002. Gross margins for fiscal 2003 are expected to be 42%, up from the 40.6% reported for fiscal 2002. The company is expected to record a loss of approximately $450,000 for 2003. This amount relates to the company’s investment in technology development and increases in its OEM market development initiatives.

The strengthening of the Canadian dollar against the US dollar impeded revenue results, as all sales are transacted in US dollars. The US dollar declined from an average rate of 1.57 in the prior year to 1.40 for the year ended December 31, 2003. The impact on revenue is a decrease of approximately $285,000 for the full year.

Full, audited financial results for the fourth quarter and the year-end will be released by late March, 2004.

Early this year, Icron will begin its launch of new products that will meet the needs of new customers for digital connectivity across several markets.

About Icron Technologies Corporation

Icron Technologies Corporation is a leading provider of high-performance connectivity technologies for the computer marketplace. Icron's patented ExtremeUSB® technology is compliant with USB Implementers Forum requirements and touches several large worldwide markets from industrial automation to medical devices, aerospace and computer networking. The company provides packaged products, Original Equipment Manufacturer (OEM) modules, developer kits, and engineering and development services.

Icron is a publicly traded corporation and trades under the symbol "IT" on the TSX Venture Exchange.

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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.