October 29 2001
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 will supply a new product for use by Eastman Kodak’s Themed Entertainment Unit worldwide.
Icron plans to formally launch its USB Ranger/FiberOptic to world markets in the next quarter. Kodak has committed to receive units of the new system. As well, other customers in several markets are expressing interest in this innovative solution to provide USB connectivity over extremely long-distances.
Kodak Themed Entertainment, a unit of Eastman Kodak Company’s Professional Imaging Division, provides retail imaging solutions and operations to theme parks and vacation destinations around the world. Kodak works with its clients to create and build their imaging businesses with quality image souvenirs that are produced by Kodak’s advanced digital operating system platform and support. Over 10 million consumers and guests are captured each year with Kodak’s superior image quality.
Icron is completing design of a fiber-optic based version of its USB Ranger¹ product that will allow digital cameras to be placed at optimal locations within Kodak’s client sites. The new fiber-optic driven versions of Icron’s USB Ranger¹ systems will be used to connect cameras over long distances within major theme parks and other venues. High-resolution Kodak digital cameras will capture sharp and clear images of guests. Using Kodak’s patented color management to control image from capture to print, the guests will receive a high-quality record of their visit.
Icron’s President and CEO, Suresh Singh stated, “The new USB Ranger/FiberOptic shows the unique value that Icron delivers to the digital connectivity market. We are pleased to work with another prestigious customer such as Kodak and we look forward to supplying their needs around the world.”
Kevin Lee, Icron’s Vice-President of Sales and Marketing added: “With this product, Icron is not only taking its ExtremeUSB¹ technology a step further, but is continuing to establish markets, customers and revenues as planned.”
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.