About InterCore Energy, Inc.
InterCore Energy, Inc. (OTCQB: 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
Float: 30 million
Outstanding: 770 million
on OTC Markets data
ICOR Begins Executing $96
Million Truck Insurance Contract
Last Updated: Nov. 12,
2013 - 6:00am EST
(NEW YORK)--InterCore Energy, Inc. (OTC:ICOR),
a public company focused on the commercialization and deployment
of their driver alert system, has begun its execution and
implementation of their insurance contract worth up to $96
$96 Million Insurance Contract
In Sept. 2013, the Company announced it had began implementation
of the first 1,000 trucks for their driver alert detection
system. This initial roll-out, which started in September, is
the first part of their previously-announced arrangement with a
major insurance company to implement a program that could
involve up to 80,000 vehicles.
Based on $100 a month, per vehicle, this roll-out from this one Canadian insurance company
alone could mean nearly $96 million in annual revenues for ICOR.
(80,000 trucks x $100 = $8 million per month x 12 months = $96
The Company could be set to announce its second phase roll-out
which would result in a ramp-up to 5,000 to 10,000+ trucks
before the end of the year.
ICOR's driver alert system helps reduce on road accidents by
alerting drivers of upcoming fatigue and need for road side rest
breaks. With driver alertness one of the main factors for on
road accidents insurance companies are now mandating such driver
alertness systems to shipping fleets as way to reduce premiums
and insurance costs.
ICOR chart has been showing bullish signals as the stock
continues to trade above its 200-day moving average, and looks
to re-test its $0.04 high from earlier this summer. With an ever
decreasing float, and strong news updates expected on their
continued truck fleet roll-out, ICOR may be well positioned for
a run to $0.05 to $0.10 in the very near future.
Major news updates expected shortly after company regains fully
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