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Icron reports Fiscal 2005 Fourth Quarter and Year-end Results

(Not for distribution to United States newswire services or for dissemination in the United States.)

BURNABY, B.C., April 20th, 2006 - Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB, today released financial results for the fourth quarter and fiscal year ending December 31, 2005.

Highlights:

• Record Q4 2005 revenues of $1,445,993, representing a 104.4% increase over Q4 2004;

• Posted net earnings for Q4 2005 of $15,163, as compared to a net loss of $179,761 in the same period of 2004.

• 2005 year-end revenues at record $4,543,738, representing a 58.2% increase over the same twelve-month period in 2004;

• Year-end gross profit margin increased to 48.8% in 2005, from the 43.7% in the same period of 2004.

• The Company ended the 2005 with cash balances of $4,718,282 compared to $566,001 in the same period of the prior year

“By focusing on our core ExtremeUSB technology and the growing demand for both wired and wireless USB based solutions, we have solidified our position as a leading provider of USB extension solutions for our traditional niche and have also proven our potential by entering the wireless USB market,” commented Suresh Singh, President and CEO.

“As USB enabled solutions continue grow as the de-facto connectivity interface for personal computing, consumer electronics and the industrial and commercial markets, the company has capitalized on this market, as more and more companies require our patented technology to extend USB in a wide range of applications.”

In 2005, the company started shipping, in volume, the world’s first USB 2.0 extension solution over UTP (CAT5) cabling. This is a core part of our strategic growth plan, which includes expanding our ExtremeUSB implementations to other wired implementations such as USB 2.0 over fiber optics, power line, and TCP/IP. Additional fiber based product were announced at the end of 2005, and will continue to add to the growth of the traditional wired business for 2006.

In June 2005, the company signed a milestone licensing agreement for its ExtremeUSB for wireless technology to Freescale Semiconductor for its Ultra Wideband (UWB) platform. The company expects royalties from this agreement to start in the second half of 2006 as Tier One OEM customers start to release product such as those announced at the CES 2005 (Consumer Electronics Show) in Las Vegas. Icron, Freescale and its partners, were recognized with multiple awards at the CES for its combined Cable-Free USB solutions.

For 2006 the company will focus two key areas; expanding its distribution for its traditional Packaged and OEM products in Asia and other markets, and engaging with more partners and customers with wireless USB solutions on a variety of RF platforms.

Icron is in a strong financial position with the necessary resources to fund its operating and capital requirements and to execute on its growth strategies. During the second quarter of 2005 Icron completed a private placement of 2.0 million shares for gross proceeds of $3.6 million, which significantly strengthened its balance sheet.

Financials:

Revenue amounted to $1,445,993 for the three months ended December 31, 2005, compared to $707,444 in the same period of 2004, an increase of 104.4%. The increase in revenue was across almost all product lines. Included in the fourth quarter revenue is a total of $185,250 in licensing revenues during the quarter from the Freescale agreement.

Revenue amounted to $4,543,738 for the twelve months ended December 31, 2005, compared to $2,873,111 in the same period of 2004, an increase of 58.2%. Revenue from USB 2.0 products during the twelve months of 2005 have amounted to $787,740 compared to $19,435 in 2004 and is expected to continue to show strong growth in 2006-2007. Sales of the Company’s USB Rover product line have increased by 90.8%, to $568,509 from the $298,001 recorded in the twelve months of 2004.

Our net earnings for the fourth quarter of 2005 amounted to $15,163 or $0.00 per share, compared to a net loss of $179,761, or ($0.01), in the same period of 2004. The earnings during the quarter is a result of the continued growth of our traditional business coupled with the recognition of deferred Freescale licensing fees.

Our net loss for the year ended December 31, 2005 amounted to $473,355 or ($0.03) per share, compared to a net loss of $432,243, or ($0.03), in the same period of 2004. The increase in the loss is directly attributable to the accelerated development of our wireless initiatives.

The Company ended the year with cash balances of $4,718,282 compared to $566,001 in the same period of the prior year. Cash used by operating activities in 2005 amounted to $471,535 compared to $419,057 in 2004. Our working capital has increased to $5,418,197 at December 31, 2005, a significant increase from the $1,111,473 reported in 2004.

Conference Call / Web-cast: April 20, 2006, 4:15 PM ET, 1:15PM PST

Icron Technologies will host a conference call to discuss the Company's year-end financial results on Thursday April 20, 2006 at 4:15pm EST, 1:15pm PST. Participants are asked to call either 1-800-814-4859 or 416-644-3415 (Toronto).

The conference will also be broadcast live over the Internet and archived through the following link: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1432640 Click on this link or copy to your web browser to listen online.

For complete financials please visit www.sedar.com. or www.icron.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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