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ICC TECHNOLOGIES REPORTS LOSS FOR FIRST QUARTER OF 1992

 ICC TECHNOLOGIES REPORTS LOSS FOR FIRST QUARTER OF 1992
 PHILADELPHIA, May 22 /PRNewswire/ -- ICC Technologies (NASDAQ: ICGN)


reported a loss of $(605,345) on sales of $140,046 for the quarter ended March 31, 1992. This translates into a loss per share of $(0.11) versus $(0.09) for the first quarter of 1991. Weighted average common shares for the period were 5,757,604 vs. 4,927,289 for the similar 1991 period.
 ICC attributed the loss to the continued effects of the recession. However, the company noted that it is experiencing an increase in customer requests for proposals, presentations and quotes and just booked orders for four of its Desi/Air desiccant cooling systems, valued at $250,000.
 The company has also responded to market conditions by maintaining tight controls on overhead and re-deploying personnel to increase the number of people in active sales roles.
 "We believe ICC sales will benefit from the economic recovery that appears to be underway," said William Wilson, president and CEO. "The continuing concern about CFCs and HCFCs should benefit ICC because our technology provides humidity and temperature control without using any ozone depleting chemicals."
 ICC Technologies, Inc., headquartered in Philadelphia, develops innovative, efficient space conditioning technologies to address the needs of today's commercial marketplace. The company's Desi/Air system is marketed by the company to industries with a need for effective climate control and energy management, including supermarkets, hotels, large retail outlets and office buildings.
 -0- 5/22/92
 /CONTACT: Keith Cox, chief financial officer of ICC, 215-625-0700/
 (ICGN) CO: ICC Technologies ST: Pennsylvania IN: SU: ERN


KD -- NY056 -- 3447 05/22/92 16:21 EDT
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Date:May 22, 1992
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