Icron and Global Interface Technologies Inc. Partner on Wireless USB 2.0

Cable Free USB architecture powers wireless USB hubs and other embedded solutions

BURNABY, B.C., October 31, 2006 – Icron Technologies Corporation (TSX.V : IT), the developers of ExtremeUSB® and Global Interface Technologies Inc. (GIT) of Japan, developers of a full-band Ultra Wideband (UWB) platform for wireless connectivity, today announced a joint development program designed to offer USB 2.0 connectivity over GIT’s short range UWB platform.

The combination of Icron’s ExtremeUSB technology, the backbone of the Cable Free USB architecture, and GIT’s UWB platform, the only full-band (3.1-10.6 GHz) UWB platform available, will allow OEM customers to implement wireless, plug and play USB 2.0 connectivity into their designs.

This solution is designed for wireless connectivity of devices without the need for drivers or changes to any operating systems including all USB 2.0 supported Windows, Linux and MAC OS platforms.

“We are very excited to work with Global Interface Technologies Inc. and their UWB chipset. GIT’s implementation of UWB specifically addresses the Japanese market and its unique and stringent operation parameters. Icron’s ExtremeUSB for Wireless architecture is ideally suited to enhance this value added implementation of UWB.” commented Robert Eisses, President and CEO for Icron.

The initial solution, planned for 2007 availability, will enable end-users to seamlessly connect any USB device including USB cameras, flash drives and printers without the need for a cable. It also requires no set up or user configuration, making it the only transparent plug and play wireless USB solution in the market. The development plan will ultimately deliver a fully integrated chipset solution targeted at the high volume OEM consumer electronics market.

“We believe it is a great convergence of technologies to bring a true high-speed wireless USB 2.0 solution to reality,” said Shogo Ida, President and CEO of Global Interface Technologies. “The targeted integrated solution utilizing Icron’s ExtremeUSB technology allows ease of use, high-speed Wireless USB applications for worldwide consumer electronics markets.”

In-Stat recently reported that the global market for Wireless USB is expected to be an estimated 280 million units by 2010, and would come in various formats and result in products such as wireless USB hubs or other embedded devices.

Terms of the agreement were not released.

About Global Interface Technologies www.git-inc.com

Global Interface Technologies Inc. (GIT) is a fabless R&D company, which provides advanced high technology electric solutions for worldwide customers. GIT’s advanced R&D focuses on the radio frequency technologies and specifically the emerging UWB wireless technology.

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

Icron Media Contact  
Brigitta Shore
Phone: +1 604-729-9479
The Howard Group  
David Gordon, Investor Relations for Icron
For more information: Click Here.
Phone: 403-221-0915
Fax: 403-237-8387

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.