BURNABY, BC, Jan. 19 /CNW/ - Icron Technologies Corporation (TSX Venture;
IT) today announced that Robert Eisses has stepped down as President and Chief
Executive Officer, effective immediately. Mr. Eisses will also leave the
Julian Elliott, an Icron board member since June 2007, will assume the
role of Interim President and CEO. Mr Elliott, a graduate of Georgia Institute
of Technology and Stanford University, has an extensive 25-year career in
Silicon Valley in general management or executive positions with Hewlett
Packard, Agilent Technologies, and venture-funded companies focused in
networking and I/O technologies. Mr Elliott has been Chairman of Icron's
Strategy Committee for the past year and is familiar with the various
opportunities presenting themselves to Icron. Additionally, he will lead the
board search for a new permanent CEO.
"I am delighted to be assuming leadership of Icron at a time when there
are so many opportunities before us", said Mr. Elliott. "Our core USB
extension and bridging business is performing extremely well and our new PC to
TV initiatives hold significant promise for the future. With Icron's strong
cash position and our established distribution channels and partnerships, we
look forward to a solid year ahead."
"Over the past several years, Rob Eisses has contributed significantly to
Icron's success in the USB connectivity market," said Kelly Edmison, Chairman
of Icron's board of directors. "On behalf of Icron and its shareholders, I
wish to thank Rob for his vision, leadership, hard work and enthusiasm."
About Icron Technologies Corp www.icron.com
Icron Technologies is a visionary leader in high performance USB bridging
and 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(R)
technology extends the range of USB 1.1 / 2.0 over Cat 5, Wireless, Fibre,
Powerline, Coax and Phone lines, at distances of up to 40km. ExtremeUSB
technology is available in a variety of formats including technology licenses,
OEM modules, developer kits, as well as branded and private-label products.
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.
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
For further information:
For further information: Brian Donnelly, VP, Marketing and Business
Development, Icron Technologies Corporation, (604) 638-3928,