January 4 , 2002
BURNABY, B.C. – Icron Technologies Corporation (CDNX: IT), a leading provider of extended range high-performance connectivity technologies for the computer marketplace, announced that it has shipped the largest purchase order received by the company to date.
Icron has supplied over seven hundred of its ExtremeUSB³ Core units to a division of Siemens AG, based in Europe. Shipments were completed in December 2001. Icron worked with one of its US based distributors in negotiating and managing logistics for the order.
The ExtremeUSB³ Core products will be used in an industrial computing environment and will form a part of control systems for industrial machinery. Icron¡s ExtremeUSB³ Core units will facilitate long-distance connections between computer peripheral devices and the control system processors.
Icron has identified the Industrial Controls market as a focus of the company¡s sales and marketing efforts. This order reflects one of the significant successes of this approach as Icron continues to develop that market for its ExtremeUSB³ technology and products. The company is now positioned to take advantage of the growing adoption of USB and ExtremeUSB³ by large businesses in the industrial and enterprise computing markets.Ú The company anticipates further wins as it penetrates targeted technology markets that require long-distance digital connectivity.
Icron Technologies Corporation 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 IT on the Canadian Venture Exchange Inc.
Investor Relations: Ashiff Jivraj [email protected] (604) 638-3923
Marketing: Kevin Lee [email protected] (604) 638-3924
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.