Icron and Inova Announce Reference Design for DVI/USB Extension Solution

Product Being Shipped to Remote Terminal Customers

BURNABY, B.C., October 05, 2006 – Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSBÒ and Inova Semiconductors, developers of high-speed serial data communication products announced the industry’s first integrated Video/Audio/USB extension solution and reference design.

Inova’s GigaSTaR (Gigabit/s Serial Transmit and Receive) Digital Display Link chipset is an innovative high-speed link offering simultaneous transmission of digital video up to SXGA/UXGA resolution (720p/1080i), audio and bi-directional sideband data. The GigaSTaR chipset extends the multimedia link over standard shielded twisted pair cable up to 50 m and up to 2 km over conventional single-mode or multimode fibre optics.

Icron’s ExtremeUSB technology, the only USB-IF compliant extension technology, enables USB 1.1 or 2.0 devices to be seamlessly extended over a variety of wired or wireless media. It features full USB plug and play functionality, requiring no drivers or user configuration.

This combination high-resolution video and USB extension solution is ideally suited for remote terminals and measurement systems used in industrial, manufacturing facilities and medical equipment markets. Icron and Inova already have multiple customers for this solution in the remote terminal market and expect many more in the coming months.

The GigaSTaR and ExtremeUSB reference design is the first solution in a planned roadmap that targets an integrated chipset designed for larger markets including consumer electronics, automotive telematics, and enterprise computing.

Robert Eisses, President and CEO of Icron said, “We are very pleased to work with Inova and its GigaSTaR solutions. It is a great convergence of technologies that address an ever growing market requirement for combined Video and USB.”

Axel Krepil, Sales Director of Inova Semiconductors said, “The easy combination of Icron’s ExtremeUSB technology and Inova Semi’s long-distance GigaSTaR chips reduces system costs and dramatically simplifies cabling. That’s a significant milestone in the field of Industrial Automation and an excellent reference for a wide variety of multimedia applications.”

Terms of the agreement were not released. More information on this solution can be found at www.inova-semiconductors.de

About Inova Semiconductors www.inova-semiconductors.de

Inova Semiconductors specializes in reliable high-speed serial data communication products for Gigabit/s data transfers through standard STP copper cables up to 50 m, or through fiber optic cables up to 2 km and more.

Inova Semiconductors’ GigaSTaR technology has achieved major advancements in digital visualization and infotainment systems replacing countless analog solutions currently being used – an enormous emerging market segment stimulated by the rapid drop in cost of digital Flat Panel TFT displays.

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. 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.

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Contact Information

Icron Technologies Corporation  
Robert Eisses, President & CEO
Phone: +1 604-638-3924
Fax: +1 604-638-3930
Inova Semiconductor  
Axel Krepil, Director, Sales
Phone: +49-89-457475-60
Fax: +49-89-457475-88
Icron Media Contact  
Brigitta Shore
Phone: +1 604-729-9479
The Howard Group  
David Gordon, Investor Relations for Icron
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.

2005 Icron Technologies Corporation. ExtremeUSB®, USB Ranger™ are trademarks of Icron Technologies Corporation.

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