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Icron reports 27% increase in FY2004 revenue

BURNABY, B.C., April 29, 2005 - Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB, today released financial results for the fourth quarter and year ended December 31, 2004.

Highlights

· 27% Revenue increase for FY2004, which was primarily achieved with Icron’s traditional USB 1.1 extension product line and follows the increased use of USB as the primary connection solution in all market segments.

· Introduction of Icron’s USB 2.0 extension solution, which is the industries only long range USB 2.0 extension solution in the market.

· Announcement of Icron’s Wireless USB program, focused on delivering Wireless USB 2.0 solutions to the market over a variety of Radio technologies including UWB, 802.11 and other.

· Closed brokered financing of $ 950,000 in May 2004 to fund market development activities and continued research and development focused on strengthening Icron’s Intellectual Property(IP) portfolio for ExtremeUSB based solutions.

Financial

Icron reported 2004 annual revenues of $2,873,111 for the twelve months ended December 31, 2004 represent an increase of 27% over revenues of $2,262,955 for the year ended December 31, 2003. Gross margins for fiscal 2004 were 43.7%, up from the 42.6% in 2003. The net loss decreased to $432,243 in 2004, or ($0.03) per basic and diluted share, compared to $453,131 in 2003, or ($0.04) per diluted share. The loss is mainly attributable to the Company’s ramp up for the wireless USB program and a one-time non-recurring restructuring charge.

Total revenues for the fourth quarter were $707,444, which represents an increase of 17.8% over the $600,727 reported in same period of 2003. Gross margins improved to 44.1% as compared to 42.7% for the fourth quarter of 2003. The loss for the quarter was $179,761 compared to a loss of $107,030 a year earlier as a result of the Company’s wireless USB development efforts.

By the end of 2005 Icron expects to report significantly improved operating results. Increased revenues from USB 2.0 product sales, licensing revenues and the commercial release and success of the Wireless USB solutions will provide the company with added revenue diversity and growth. Increased revenues, combined with ongoing expense management, will allow Icron to generate positive earnings by the fourth quarter.

For more detailed financial results please go to www.sedar.com

About Icron Technologies Corp www.icron.com

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. The company also provides a range of engineering and development services focused on unique USB connectivity issues."

Icron is a publicly traded corporation and trades under the symbol "IT" on the TSX Venture Exchange. For information on the company and its products, please visit www.icron.com and for detailed financial information visit www.sedar.com. 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 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.

2005 Icron Technologies Corporation. ExtremeUSB®, USB Ranger™ are trademarks of Icron Technologies Corporation.

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