About InterCore, Inc.
InterCore, Inc. (ICOR), is a public company
focused on the commercialization and deployment of the ADS(TM)
System and related products, through its subsidiary, SRG, Inc..
Designed around proprietary alertness detection technologies, the
ADS(TM) System helps alert operators to their work activity
capability based on real-time monitoring of their state of
Provides Update on Current Operations and Trucking Contract
- Feb. 2014
ICOR Confirms their
Alertness Detection Technology Receiving Interest from other
Updated: Feb. 28, 2014 - 7:00am EST
(NEW YORK)--InterCore, Inc. (OTC:ICOR),
a public company focused on the commercialization and
deployment of their driver alert system, confirmed in an
online interview that they are receiving increased interest
from other industries for their alertness detection
James F. Groelinger, the President and CEO of InterCore, Inc
conducted an interview in February 2014 where he confirmed the
Company has been receiving increased interest from other
industries for their alertness detection technology as they
continue to roll-out in their current trucking contract.
ICOR alertness detection system (ADS) studies an individual
and can project when a driver, or worker, may be experience
fatigue and may be at risk of falling asleep, or becoming less
alert while managing some sort of high risk job.
Eventually the technology will be focused towards the consumer
level, where this technology could be in individual cars to
monitor driver performance. On the commercial level, this
technology could be useful in such industries as power and
chemical plants, air traffic control, train operators, but for
now is being roll-out in the trucking industry under their
Monthly Subscription and Revenue Model
Each users, or truck for example in their current contract,
would purchase the app that monitors the driver in the cab,
and would consist of a monthly subscription fee, which we have
learned could be around $100 per month, per truck. Mr.
Groelinger commented in the interview, that when taken
together, the revenue potential from download fees and monthly
subscriptions can be very significant, and internal
projections are quit robust.
Current Trucking Contract Potential $96 Million
Their current trucking contract in Canada calls for installing
their ADS technology in up to 80,000 trucks, under an
insurance company mandate which lowers insurance costs for the
trucking fleet company. Based on $100 per months, and a
potential of 80,000 trucks under this one contract alone, this
would result in $96 million in annual revenues.
iPhone Version Expect Soon
The Company has been currently rolling-out their ADS app under
Blackberry protocol, but will soon be launching their Apple
iPhone app, which should result in a dramatic increase to
trucks coming under their system. Apple's recent upgrade to
iOS7 forced ICOR to recode their app to Apple's new standards,
but they expect to have this iPhone version ready to launch
very shortly, which could result in a sharp increase in the
The interview with the CEO of InterCore can be downloaded
Thus ICOR has been issued a short term "speculative"
price target $4.00 per share.
Safe Harbor Statements:
investor presentation may include statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
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