October 10 2000
Icron Systems, Inc. announced today that it has signed an agreement with TeVeo Inc. to jointly market Icron’s USB Ranger™ family of products with TeVeo’s real-time streaming video software and related web services.
Headquartered in Mountain View, Calif., TeVeo Inc. offers VIDiO™ Suite, the best way to share video on the Internet. Now, anyone can easily share video, whether for education or business purposes. Plus, family and friends can keep in touch during special moments and everyday events. The suite’s TeVeo Live component streams high-resolution, real-time action from webcams or video cameras to any browser. An inexpensive upgrade, VIDiO Live Events’ flexible scheduling and remote monitoring features will optimize the real-time web video experience. The TeVeo.com site (www.teveo.com) offers secure, high-performance hosting services and provides viewers a growing directory of real-time streams, featuring interesting subjects and personalities.
“We are extremely pleased to solidify this agreement with Icron Systems. Their USB Ranger products open the door to exciting new opportunities to deliver content within TeVeo’s webcam communities,” said Todd Paquette, TeVeo’s Director of Business Development. “Icron’s ExtremeUSB™ technology allows webcams to be located up to 330 feet from the host computer, enabling a whole new range of applications and markets for webcams at home and in business.”
David Smith, Icron’s Vice President of Sales and Marketing, stated, “TeVeo’s software and hosting services are innovative and powerful tools that are enhanced by Icron’s ExtremeUSB technology. With this agreement, Icron’s products will be presented to a large new audience of customers who require extended USB connections for their webcams. This relationship leverages the strong synergy of our companies and will provide incremental revenues in the near term.”
Icron’s USB Ranger products, with ExtremeUSB technology, have already gained acceptance in the server, KVM (keyboard, video and mouse) extension, entertainment, professional audio/video, industrial control, computer telephony and computer distribution markets.
Icron Systems, Inc. of Vancouver, B.C. has invented ExtremeUSB technology, a practical means of extending the range of USB 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’s Ranger products are the only USB extenders that are compliant with the USB Implementers Forum’s requirements. 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.
Investor Relations: Samantha Haynes [email protected] (604) 940-2239
Media Relations: David Smith [email protected] (604) 638-3925
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.