Icron Adds to Board of Directors
BURNABY, B.C., June 20, 2007 - Icron Technologies Corporation
(TSX Venture: IT), the developers of ExtremeUSB® today
announced the appointment of Julian Elliott to its Board of
Directors.
Mr. Elliott has more than 25 years of experience in building
entrepreneurial organizations and commercializing technology
in emerging markets. His broad range of experience includes
CEO and Executive Chairman positions at early-stage companies
in Silicon Valley, as well as the roles of Vice President
and General Manager of Agilent Technologies, a spin-off of
Hewlett Packard. At Agilent/HP, he founded the company's storage
networking and High Speed I/O products (fibre channel and
Infiniband, and the 1-10Gb I/O technologies) business, growing
it from inception into a highly profitable division. He was
Executive Chairman at Nexsil, which was involved in communications
processor for 1Gb I/O interconnects. Mr. Elliott was Vice
President Marketing at BusLogic, which is focused on storage
I/O products for servers. Additionally he was CEO At CoroSoft,
a software company whose products manage interconnects in
a virtual server array.
Mr. Elliott's experience encompasses systems, component,
and high-speed I/O technologies in a range of companies. He
brings to Icron considerable experience in technology development
and financing, including venture capital and M&A activities
with both private and public companies. Mr. Elliott has also
served on the boards and advisory panels of several venture-funded
companies. He holds an undergraduate degree in Physics from
the Georgia Institute of Technology and an MBA from the Stanford
Graduate School of Business.
“I am very excited to be joining the Board of Icron,”
said Mr. Elliott. “I believe Icron is well positioned
with its product offerings and strong intellectual property
to succeed in the marketplace. I look forward to working with
the current Board and Management to deliver value to shareholders.”
“On behalf of the Board of Icron, I am extremely delighted
to welcome Julian Elliott as a Director of the company,”
commented Robert Eisses, President and CEO of Icron. “Mr.
Elliott’s relevant market knowledge and technical expertise
will greatly assist Icron in maximizing the potential of its
ExtremeUSB technology”
The Company will issue Mr. Elliott 100,000 options to purchase
common shares at $0.70 per share. The options have a five-year
term and will vest in accordance with the company’s
standard vesting policies.
About Icron Technologies Corporation 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.
Icron is a publicly traded corporation and trades under the
symbol "IT" on the TSX Venture Exchange. For more information
on the company and its products, please visit www.icron.com
Contact Information
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.
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