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Icron reports Record 2nd Quarter Results

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BURNABY, B.C., August 16th, 2005 - Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB, today released financial results for the second quarter 2005.

Highlights:

• Record Q2 2005 revenues of $1,070,620, representing a 33.1% increase over Q2 2004, which was primarily due to the continued growth of the company’s Core OEM products, USB Rovers, USB 2.0 and Fiber Ranger USB Extenders.

• 2005 year-to-date revenues at record $1,964,829, representing a 34.1% increase over the same six-month period in 2004;

• Gross profit margin increasing to 48.1% in Q2 2005, from 46.9% for Q1 2005

• Signed a milestone non-exclusive licensing and royalty agreement with Freescale Semiconductor for its “ExtremeUSB for Wireless” technology that will be embedded into Freescale’s next generation of UWB (Ultra Wideband) chipsets

• Net loss for the quarter of $218,071, as compared to $86,509 in the same period of 2004, primarily attributed to the accelerated development of the wireless USB initiative with Freescale.

• Subsequent to the quarter closing, the Company raised an additional $3,600,000 through a broker assisted private placement further strengthening the Company’s balance sheet.

Icron’s ExtremeUSB technology and products continues to gain market share and solidify Icron’s position as the industry leader in wired USB extension. Icron is also increasing its position a significant participant in the Wireless USB solution market with its milestone licensing agreement sign with Freescale to embed its ExtremeUSB for Wireless technology to in their entire Ultra wideband (UWB) chipset family.

Icron is in formal discussions with additional wireless companies to integrate ExtremeUSB technology into a range of products aimed at the consumer market.

In addition, general licensing revenues continue to grow as ExtremeUSB becomes available to more OEM/ODM customers in more form factors that allow partners to embed the solution easily and cost effectively.

Suresh Singh, President and CEO commented. “The continued growth in our traditional wired business, in addition to the signing of our first significant licensing agreement with Freescale, has again validated our corporate vision and model, for ExtremeUSB as industries only USB–IF compliant extension technology and the key enabler for true Wireless USB solutions. The additional capital raised in early Q3 will help further accelerate our growth in all market areas.”

Financials:

Revenue amounted to $1,070,620 for the three months ended June 30, 2005, compared to $804,570 in the same period of 2004, an increase of 33.1%. The increase in revenue was across the board but due primarily to an increase in the company’s Core OEM products, USB Rovers, USB 2.0 and Fiber Rangers. Core sales were strong during the quarter as they increased 80.1%, to $166,711 from the $92,558 recorded in the second quarter of 2004. USB 2.0 Rangers, which began shipping in the fourth quarter of 2004, contributed $142,723 to revenue for the second quarter. Fiber Ranger’s sales totalled $97,069, a 69.0% increase over the $57,438 recorded in the previous year. Sales of the Company’s Rover USB extenders increased by 47.5% to $129,096 from the $87,524 reported in the same period of the prior year.

Royalty revenue was minimal during the quarter and no significant royalty revenues from the agreement with Freescale Semiconductor are expected until the first quarter of 2006, however, the license fee portion of the Freescale transaction will be recognized in the second half of 2005. We are optimistic about the continued demand for both our packaged products and licensing opportunities in the future.

Our net loss amounted to $218,071 or ($0.01) per share, in the three months ended June 30, 2005, compared to a net loss of $86,509, or ($0.01), in the same period of 2004. The increase in the loss is directly attributable to the accelerated development of the wireless initiative and costs associated with the Freescale agreement

The Company ended the quarter with cash balances of $1,340,772 compared to $979,959 in the same period of the prior year. Cash used by operating activities amounted to $208,721, compared to cash provided by operating activities of $19,524 in the same period of 2004. Our working capital has increased to $1,831,327 at the quarter ending June 30, 2005, a significant increase from the $1,398,952 reported in the second quarter of 2004.

For complete financials please visit 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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