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Icron Technologies Corporation Announces Successful Completion of Arrangement

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  Published in Science and Technology on Monday, August 29th 2011 at 16:31 GMT by Market Wire
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VANCOUVER, Aug. 29, 2011 /CNW/ - Icron Technologies Corporation (TSX-V: IT) ("Icron") announces that it has closed its previously announced plan of arrangement (the "Arrangement") with Pender Financial Group Corporation and 7895461 Canada Inc.

Under the Arrangement, holders of Icron's issued and outstanding common shares are entitled to a payment of $0.53 in cash for each share held.  Shareholders must deposit a properly executed Letter of Transmittal with Computershare Investor Services Inc. in order to receive payment.  Copies of the Letter of Transmittal, which provides complete deposit instructions, were delivered to shareholders in connection with the shareholder meeting held on August 10, 2011, and are available on SEDAR at [ www.sedar.com ].

About Icron Technologies Corporation

Icron Technologies (TSX-V:IT) is an innovative leader in the development and manufacturing of high-performance video and USB extension solutions for commercial and industrial markets worldwide. Icron's patented extension technology extends PC Video and USB devices over many media types including Cat 5, Fiber, Wireless, DisplayPort, Coax, Powerline, and over a corporate LAN. Icron's extension products are deployed in a wide range of applications such as digital home connectivity, industrial automation, medical imaging, aerospace, interactive digital signage, remote desktop extension, security and surveillance, enterprise computing, isolated USB, and point-of-sale markets, or anywhere where a PC needs to be remotely located from a display or peripheral device.

Icron is a private corporation. For more information on the company and its products, please visit [ http://www.icron.com ].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Todd Hamel
Icron CFO

604-638-3924
[ todd.hamel@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 such statements.