July 19 2000
CDNX: ICM Vancouver, B.C.: Icron Systems Inc. is pleased to announce that it has hired two new key employees for the future growth of the company, a Controller and a Director, Supply Chain Management. At the same time the company thanks its former COO, Suresh Singh for his extensive contributions during the recent interim stage of Icron’s growth. Mr. Singh will pursue other interests outside of Icron .
Mr. Todd Hamel has recently joined the company as Controller. He will be responsible for all of Icron’s financials and administration. Mr. Hamel was most recently the Controller for ADC Mobile Systems in San Diego, USA and Controller of PCS Solutions Canada, Inc. in Vancouver, both affiliated with ADC Telecommunications Inc. of Minneapolis, USA. Mr. Hamel also worked in various financial positions in Canada and the USA for Glenayre Technologies Inc. He holds a Certified Management Accountant designation.
Mr. George Ringwald has accepted the position of Director, Supply Chain Management. He will be responsible for all sourcing of Icron’s products as well as for the cost, quality, and timely deliveries to Icron’s worldwide customers. Mr. Ringwald will also build Icron’s future internal processes from “quote to cash”. Mr. Ringwald was most recently Director, Supply Chain Programs at Glenayre Electronics Inc. in Vancouver. He was instrumental in building Glenayre’s Order Management department handling orders of more than US$400 million annually, when he was located in Quincy, Illinois. Prior to this he held various line management positions in the USA and Canada during the growth of Glenayre. Mr. Ringwald joined Glenayre Electronics in 1987 after obtaining a Diploma of Technology in Operations Management at the British Columbia Institute of Technology.
Mr. Mats Gerschman, President and CEO commented: “It is a privilege to have these two experienced individuals join us. I have worked with them both before and I know that they can perform. We are now laying the groundwork for next year’s anticipated growth. I want to build a strong team that understands what is required to build an efficient and profitable company for the long term. Both Todd and George have a wealth of experience to draw from, lots of energy and enthusiasm and have been key contributors to the growth of high-tech companies before. We are very excited to have them join us.”
Mr. Hamel commented:” “I am extremely excited about the opportunity and the potential Icron offers to me, our employees , our customers and our shareholders. The technology has enormous market potential and I look forward to the challenges in laying the groundwork for this growth.”
Mr. Ringwald added:” I am looking forward to utilizing the experience that I gained in a worldwide high-tech company to help build Icron into an international success story. I am confident of the role that I can carry out in securing Icron’s customers with high quality and timely deliveries of Icron’s products.”
Icron Systems Inc. of Vancouver, BC has invented ExtremeUSB technology, a practical means of extending the range of USB connections from 15 feet (5 meters) to over 300 feet (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.
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.