Icron Technologies Receives National Research Council (NRC) Grant for Wireless USB Program
BURNABY, BC -- 12/10/2004 -- Icron Technologies Corporation (TSX-V: IT), provider of the ExtremeUSB® extension technology, is pleased to announce that the Government of Canada’s National Research Council (NRC) Industrial Research Assistance Program (IRAP) has increased its initial contribution by $81,000 to assist the technical Research and Development of Icron’s wireless program. The company expects to unveil a completed working prototype in the first quarter of 2005.
This additional contribution represents recognition by NRC IRAP that Icron is developing industry-leading technology in the areas of Hi-Speed USB 2.0 extension and wireless USB. “The NRC IRAP has re-affirmed its commitment to Icron and supported our R&D efforts and business strategy,” commented Suresh Singh, President and CEO of Icron. “We are grateful for the support by the NRC IRAP, and expect that their contribution will help us secure partnerships with key wireless semiconductor chip manufacturers.”
Icron’s wireless USB program has been gathering momentum for several months. When adapted to the Wireless domain, the company’s proven ExtremeUSB technology protocol will allow PC’s to communicate without wires to peripheral devices, including mice, keyboards, DVD Players, CD drives, cameras, MP3- players, scanners and a host of other devices.
Further, the wide adoption of USB within the PC market, combined with the emergence of new device categories has made USB more than a PC desktop solution. John McLeod, Icron’s Vice President, Engineering explained, “We will be offering the ExtremeUSB® protocol in a wide variety of formats. This provides Icron’s customers with the flexibility to add USB extension capability to their own products in the most convenient and cost effective package possible.”
Icron Technologies Corporation is a leading provider of high-performance digital connectivity technologies for the computer marketplace. Icron’s patented ExtremeUSB® technology is compliant with USB Implementers Forum requirements and touches several large worldwide markets from industrial automation to medical devices, aerospace and computer networking. The company provides branded and private-label packaged products, Original Equipment Manufacturer (OEM) modules, developer kits, and engineering and development services.
Icron is a publicly traded corporation and trades under the symbol “IT” on the TSX Venture Exchange. For information on the company and its products, please visit www.icron.com and for detailed financial information visit www.sedar.com. The Toronto 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 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.
2004 Icron Technologies Corporation. ExtremeUSB®, USB Ranger™ are trademarks of Icron Technologies Corporation.
- Contact Information
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- President and CEO
- Icron Technologies Corporation
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