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 5e, 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 5e, 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
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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.