February 21 2001
BURNABY, B.C. – Further to the press release dated February 19th, 2001, Icron Systems Inc. (CDNX: ICM) would like to clarify the status of Icron’s intellectual property (IP) and technology.
Icron continues to own 100% of its IP and technology. Icron has engaged a consulting engineering firm to hold the know-how relating to Icron’s IP and technology on behalf of Icron. The consulting engineering firm will be restricted from using this know-how in any way other than to support Icron customers and projects.
The consulting engineering firm will transfer the know-how back to Icron upon its request. The consulting engineering firm that has been chosen is a reputable firm at arms length and that does not compete with the company in any way.
As a result of this arrangement, Icron’s IP and technology are protected in a financially responsible manner. Icron will continue selling products to current and new customers.
Icron Systems Inc. of Burnaby, B.C. has invented ExtremeUSB™ technology, a practical means of extending the range of USB 1.1 connections from 5 meters to over 100 meters. Icron has applied for patents covering its inventions and is integrating its technology into a series of products for computing applications. Icron is committed to working with its partners to increase the total market for USB products by enabling a broad set of new applications that utilize ExtremeUSB. Icron is a publicly traded company and trades under the symbol ICM on the Canadian Venture Exchange Inc.
Investor Relations: Samantha Haynes [email protected] (604) 940-2239
Media Relations: Mats Gerschman [email protected] (604) 638-3920
Note: The company relies on litigation protection for “forward-looking” statements. The Canadian 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 production 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.