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Icron reports First Quarter 2006 Results

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

BURNABY, B.C., May 17, 2006 - Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB releases information regarding the management invoked temporary suspension of its stock, and announces a conference call/webcast to discuss this information and to announce our First Quarter results after which time trading will resume.

Due to material information related to its product sales, Icron was forced to temporarily suspend trading due to the potential impact of this decision based on previous publicly stated releases.

Highlights:

• A potential delay in the release of the industry’s first wireless USB product leveraging Icron’s ExtremeUSB solution is anticipated. This is due to combined effects of production delays associated with the manufacturing of solutions based on new technology, such as Ultra Wideband (UWB) for high volume shipment.

• Icron continues to believe that its ExtremeUSB technology offers a viable solution for wireless USB applications and continues to work with a variety of customers on various platforms including UWB and 802.11 a/b/g/n.

• Our USB 2.0 based wired extension product line continues to expand to other media including CAT5, Fiber Optics, Coax and Power line and continues to gain market acceptance in an ever increasing application base.

• A recent report by market analyst firm Instat predicts 280 million wireless USB devices in the market by 2010 with the initial volume of product beginning in 2007.

“While we recognize that the market was awaiting the release of the first consumer wireless USB product this July, we anticipate that there may be a delay in that schedule,” according to Suresh Singh, President and CEO. “Given the significant impact we believe wireless USB will have on the PC and consumer markets, Icron remains committed to delivering our ExtremeUSB for wireless solutions to a variety of partners worldwide. We also remain committed to our wired USB solutions which continue to be the de-facto standard for long range USB extension in our traditional markets.”

Conference Call / Web-cast: May 18, 2006, 10:30 AM ET, 7:30 AM PST

Icron Technologies will host a conference call to discuss this release and the Company’s First Quarter, 2006 results on Thursday, May 18, 2006 at 11:00AM EST, 8:00 AM PST. Participants are asked to call either 800-814-4857 or 416-644-3416 (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=1495780 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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