Icron Ranked #44 in 2008 Deloitte Technology
Fast 50
BURNABY, B.C. September 25, 2008-
Icron Technologies Corporation (TSX Venture: IT), the developers
of ExtremeUSB®, the USB extension and bridging technology,
is ranked #44 among the 2008 Deloitte Technology Fast 50,
a ranking of the 50 fastest growing Canadian technology companies,
based on the percentage of revenue growth over five years.
Icron credits its success to its strong, experienced management
team, continuous commitment to research and development, and
long-term customer relationships, all of which mark the company
for continued growth.
“We are honoured to receive this recognition from Deloitte.
It is great validation that the continued evolution of our
USB extension and bridging technology is well positioned in
multiple market segments,” said Robert Eisses, Icron
President & CEO. “We continue to invest in reducing
the cost and enhancing the features of our technology so that
we are well positioned to deliver our solution in new lucrative
markets such as the home connectivity market, where Icron’s
USB bridging technology over Cat 5, wireless, coax, and Powerline
enables full PC functionality on any TV in the home.”
(Contact Icron to view the latest whitepaper on “TV
2.0”)
“Transforming technological innovation into business
success is hard, and it’s especially difficult to sustain
such rapid revenue growth over several years. Icron Technologies
has rapidly built a highly successful company in the Canadian
technology industry and we applaud its dedication and ability
to transform vision into reality,” said Fraser Liptrot,
Partner, Deloitte.
To qualify for the Deloitte Technology Fast 50 ranking, companies
must have been in business for at least five years, have revenues
of at least $5 million, be headquartered in Canada, own proprietary
technology, and conduct research and development activities
in Canada. A panel of industry experts evaluate and judge
companies based on four key criteria: competitive advantage;
size, growth, and market attractiveness; management effectiveness
and organization; and financial performance.
About the Deloitte Technology Fast 50
The Deloitte Technology Fast 50 program is Canada’s
pre-eminent technology awards program. Celebrating business
growth, innovation and entrepreneurship, the program features
four distinct categories including the Technology Fast 50
Ranking, Companies-to-Watch Awards (early-stage Canadian tech
companies in business less than five years, with the potential
to be a future Deloitte Technology Fast 50 candidate), Leadership
Awards (companies that demonstrate technological leadership
in four industry subcategories: hardware/semiconductor, software,
telecommunications and emerging technologies) and the Deloitte
Technology Green 15 Awards (Canada’s leading GreenTech
companies that promote a more efficient use and re-use of
the earth's resources in industrial production and consumption).
Program sponsors include Deloitte, Gowlings, GrowthWorks,
RBC Capital Markets, Wellington Financial, Stonewood Group,
CATAAlliance and IGLOO. www.fast50.ca
About Icron Technologies Corp
Icron Technologies Corporation’s patented ExtremeUSB®
technology extends the range of USB 1.1 / 2.0 over Cat 5,
Wireless, Fibre, Powerline, coax and phone lines, at distances
of up to 40km. Icron’s USB extension and bridging products
are deployed globally in a wide range of applications including:
digital home connectivity, industrial automation, medical
imaging, aerospace, and KVM extension. Icron Technologies
new “TV2.0” PC-to-TV solutions transmit PC Video
plus USB over any media to deliver complete PC functionality
anywhere in the home. TV2.0 allows consumers to watch TV and
perform PC tasks such as email, web surfing, online gaming,
working with Word/Excel/PowerPoint, and running any PC application,
all from the comfort of their couch.
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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