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 iPhone Version
Could Trigger Rapid Truck Deployment of Driver Alertness
Updated: June 21, 2014 - 11:00am EST
(NEW YORK)--InterCore, Inc. (OTC:ICOR),
a public company focused on the commercialization and
deployment of their driver alert system, could experience
rapid growth of their truck driver alertnes detection system,
which could be valued at $96 million annually.
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 rolled-out in the trucking industry under their
Monthly Revenue Model
Each truck 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.
The Company is currently installed in 5000 trucks under that
potential 80,000 vehicle contract.
Rapid Growth on iPhone Launch
The Company has been currently rolling-out their ADS app under
the Blackberry platform, but has now launched their
iPhone version of their driver detection system, which should result in a dramatic increase
in trucks coming under their system. ICOR is currently
installed in 5000 trucks under this current fleet contract,
but with the release of the iPhone version now underway the
potential for rapid growth to their potential 80,000 trucks,
which is expected to begin ramping up in June 2014.
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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