April 05 1999
Icron Systems Inc. is pleased to announce that sales revenues for its contract manufacturing services (EMS) business were $375,000 for the quarter ended March 31, 1999. These first quarter revenues represent an 87% quarter over quarter increase from Icron’s $201,000 contract EMS revenues for the fourth quarter of 1998. The financial report for the quarter ended March 31st, 1999 will be available in May.
Icron’s EMS revenues have grown as a result of the addition of three new customers as well as increased business from its current customers. Icron’s EMS order backlog has grown to $604,250. Icron anticipates that a significant portion of this backlog will be realized as revenue in the second quarter of 1999.
Lee Austin, Icron Manufacturing Vice President and General Manager stated, “We are very pleased with our continuing growth as it reflects increasing customer satisfaction. This is a strong endorsement of our commitment to provide our customers with high quality and fast turnaround service. We look forward to continued growth as we provide our customers with an increasing number of services.”
A subsidiary of Icron Systems Inc., Icron Manufacturing Inc. is one of western Canada’s most advanced contract electronics manufacturing services providers. Icron Systems Inc. is a leading edge developer of networking products, and is actively developing enhanced range Universal Serial Bus products.
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.