BURNABY, B.C., July 15, 2009 – Icron Technologies (TSX Venture: IT), the leading provider of USB extension solutions, announces that it has entered into an agreement to appoint Robert Haefling as its new President and CEO.
Robert Haefling will lead Icron through its next phase of growth as the company broadens from successful USB extension markets into Video+USB extension market opportunities. Mr. Haefling brings strong Silicon Valley connections plus extensive experience in various sectors of the technology industry from semiconductor to software and computer component and peripherals.
“We conducted a thorough North American wide search for a new CEO and have selected Robert Haefling as the best possible candidate to continue to grow our company. Robert has over twenty years of experience in the tech sector with proven leadership capabilities and we are very pleased to have him join our management team,” said Kelly Edmison, Chairman for Icron. “I would like to thank Julian Elliott, our Interim CEO and Director, who for the last six months has stepped forward and helped us immensely during our CEO transition,” added Edmison.
Mr. Haefling has broad executive management experience in product strategy, global marketing, sales, and business development; and has been successful in driving technology adaptation and development of supporting ecosystem strategies. Prior to accepting the position with Icron, Mr. Haefling was General Manager and Group Vice President with ST Microelectronics and previously held positions as CEO with Meridian Audio Group, GM and VP with Genesis Microchip, VP with Sage Inc., and Director with Bell Microproducts. He started his career with Texas Instruments after earning a Bachelor Degree in Business Administration and Finance from the University of North Texas.
“I am very impressed with Icron’s technology as well as its management team,” said Robert Haefling. “Icron has demonstrated strong technology leadership in the USB extension market. The next phase of growth will be exciting as we build upon our success and accelerate growth in existing and new markets. I’m excited for the opportunity to lead the company and its outstanding team.” Mr. Haefling will initially join Icron on August 10, 2009 as a Management Consultant, with his formal appointment to CEO to be confirmed upon approval by Immigration Canada.
The Company will issue Mr. Haefling 440,000 options to purchase common shares at $0.30 per share and an additional 550,000 options at a price of $0.75 per share. The options have a five-year term and will vest in accordance with the company’s standard vesting policies.
About Icron Technologies Corp.
Icron Technologies is a visionary leader in high performance PC and USB extension solutions for commercial and industrial markets worldwide. Icron’s USB extension and bridging products are deployed in a wide range of applications including: digital home connectivity, industrial automation, medical imaging, aerospace, and KVM extension. Icron’s patented ExtremeUSB® technology extends the range of USB 1.1 / 2.0 over Cat 5e, Wireless, Fiber, Powerline, Coax and Phone lines, at distances of up to 25 miles (40 km). ExtremeUSB technology is available in a variety of formats including branded and private-label products, OEM modules and developer kits.
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.