|By Marketwired .||
|May 15, 2014 01:55 PM EDT||
MAHWAH, NJ -- (Marketwired) -- 05/15/14 -- InterCore, Inc. (OTCQB: ICOR) announced that it has completed an initial deployment of its ADS System as an Apple iPhone app to the first group of commercial users in the Canadian trucking industry. This deployment, involving approximately 5,000 users, is a final demonstration step before commencing full commercial implementation, which could begin in early June with a potential ramp-up to 80,000 or more users by year-end.
As previously disclosed, the ADS System utilizes biometric monitoring of 524 points on the head of the operator of a vehicle to detect and signal the operator's impending loss of alertness sufficiently in advance -- generally 45 minutes to two hours before the onset of sleep -- to enable appropriate action to be taken, well before the operator becomes a hazard to himself and others. In applications such as truck, bus, or train operations, the ADS System would provide visual and audible alerts of the operator's impending loss of alertness to both the operator and the dispatch control center.
"The past several months have been spent strengthening the security of ADS System after simulations jointly performed by Apple and our technical staff suggested that the original encryption module might become a performance limitation when more than one million ADS System apps were running simultaneously. Rather than release the product with the knowledge that a future release would be required shortly, we decided to upgrade the encryption module immediately. While this resulted in a delay in the deployment date, we felt strongly that it was the correct approach for our customers and our product, as is currently being demonstrated in the deployment to 5,000 commercial users," said James F. Groelinger, Chief Executive Officer of InterCore. Mr. Groelinger continued: "In addition to the commercial application, we plan to release the consumer version of the iPhone ADS System app in the fall, while simultaneously developing an Android version for commercial and consumer customers. We are anxious to get this valuable product into the market, where we are confident that it will reduce accidents with a commensurate reduction in property loss, personal injuries, and loss of life."
About InterCore, Inc.
InterCore, Inc. (OTCQB: ICOR), is a public company focused on the commercialization and deployment of the ADS System and related products through its wholly-owned subsidiary, SRG International, Inc. Designed around proprietary alertness detection technologies, the ADS System helps alert operators to their work activity capability based on real-time monitoring of their state of alertness. See www.icorinc.com and www.srgint.com.
Forward Looking Statements
This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," "enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the U.S. Securities and Exchange Commission via the Edgar system. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.
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