BURNABY, BC, June 20 /CNW/ - Icron Technologies Corporation (TSX Venture:
IT), the developers of ExtremeUSB(R) today announced the appointment of Julian
Elliott to its Board of Directors.
Mr. Elliott has more than 25 years of experience in building
entrepreneurial organizations and commercializing technology in emerging
markets. His broad range of experience includes CEO and Executive Chairman
positions at early-stage companies in Silicon Valley, as well as the roles of
Vice President and General Manager of Agilent Technologies, a spin-off of
Hewlett Packard. At Agilent/HP, he founded the company's storage networking
and High Speed I/O products (fibre channel and Infiniband, and the 1-10Gb I/O
technologies) business, growing it from inception into a highly profitable
division. He was Executive Chairman at Nexsil, which was involved in
communications processor for 1Gb I/O interconnects. Mr. Elliott was Vice
President Marketing at BusLogic, which is focused on storage I/O products for
servers. Additionally he was CEO at CoroSoft, a software company whose
products manage interconnects in a virtual server array.
Mr. Elliott's experience encompasses systems, component, and high-speed
I/O technologies in a range of companies. He brings to Icron considerable
experience in technology development and financing, including venture capital
and M&A activities with both private and public companies. Mr. Elliott has
also served on the boards and advisory panels of several venture-funded
companies. He holds an undergraduate degree in physics from the Georgia
Institute of Technology and an MBA from the Stanford Graduate School of
"I am very excited to be joining the Board of Icron," said Mr. Elliott.
"I believe Icron is well positioned with its product offerings and strong
intellectual property to succeed in the marketplace. I look forward to working
with the current Board and management to deliver value to shareholders."
"On behalf of the Board of Icron, I am extremely delighted to welcome
Julian Elliott as a Director of the company," commented Robert Eisses,
President and CEO of Icron. "Mr. Elliott's relevant market knowledge and
technical expertise will greatly assist Icron in maximizing the potential of
its ExtremeUSB technology"
The Company will issue Mr. Elliott 100,000 options to purchase common
shares at $0.70 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 www.icron.com
Icron Technologies Corporation's patented ExtremeUSB(R) technology
extends the range of USB in wired environments and enables wireless USB over
any RF technology. ExtremeUSB is the only USB-IF compliant extension solution
and is deployed globally in a wide range of applications including: industrial
automation, medical device, aerospace, KVM and computer networking. 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: Icron Media Contact: Brigitta Shore, Phone:
(604) 729-9479, email@example.com; Icron Investor Relations Contact:
The Howard Group, David Gordon, Phone: (403) 221-0915, Fax: (403) 237-8387,
firstname.lastname@example.org; For more information: