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Icron Technologies Corporation (IT) CDN

One of my newer holdings just had a stop trading, any guesses out there?



Regards

Tim(who owns some and is currently up around 17% on it)
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Got it, was hoping someone bought it but this is also pretty good news (I hope ;-).

Did I mention I own some?

Tim

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06/22/05 13:08:00 ET
Icron Licenses ExtremeUSB for Wireless Technology to Freescale Semiconductor


VANCOUVER, June 22 /CNW/ - Icron Technologies (TSX.V:IT) today announced that it has signed a milestone non-exclusive licensing and royalty agreement with Freescale Semiconductor for its "ExtremeUSB for Wireless" technology that will be embedded into Freescale's next generation of UWB (Ultra Wideband) chipsets.

Under terms of the agreement, Icron will receive an up front license fee and ongoing royalties based on a percentage of the price of each UWB chipset unit that embeds Icron's patented Intellectual Property, "ExtremeUSB for Wireless". The amount of the royalty is in accordance with industry standards.

According to industry analysts there are currently an estimated 700 million plus USB-enabled devices worldwide. It is believed that USB 2.0 is and will remain the standard for connecting peripheral devices to computers.

Combined with the Freescale chipset, Icron's proven solution will allow manufacturers of PCs, peripherals, and consumer electronics applications to wirelessly enable their products without making any changes to the USB ecosystem, resulting in a true "plug and play" experience for users right out of the box.

"This is the key agreement Icron has been working towards for the past year. We are very pleased to partner with Freescale and expect this agreement to position Icron in the consumer device marketplace." stated President and CEO Suresh Singh. "Our solution will allow manufacturers of PC's and consumer devices to wirelessly enable their products without changing the current design, the first step towards the complete elimination of wires to connect devices to computers."

Icron expects to begin recording revenues from this royalty agreement in the third quarter this year.

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