MAHWAH, NJ--(Marketwired - Mar 26, 2014) - InterCore, Inc. (OTCQB: ICOR) announced today that SRG, Inc., its wholly-owned subsidiary focused on the development and commercialization of, the ADS™ System, has strengthened its management team with the hiring of Remy Babin as President and Chief Executive Officer. Previously in management positions with Oracle and ADP, Mr. Babin's extensive corporate, sales, and marketing experience brings an important skill set to SRG, thereby enabling Ralph Huppe, Chief Technology Officer, to concentrate more intensely on the development of the ADS™ System smartphone app for the iPhone and more.
Utilizing biometric monitoring of 524 points on the head of an operator of a vehicle, InterCore's ADS™ System detects and signals an 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 becoming a hazard to himself and others. In applications such as truck 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.
"I'm excited to have Remy Babin join the SRG management team. While we like to believe that a product as obviously worthwhile and economically effective as the ADS™ System can sell itself, I understand that success requires more than that. Remy's experience in marketing strategy development and sales growth comes at an important time for SRG as it approaches the launch of the commercial ADS™ System iPhone app. His skills will be additionally valuable later in the year when SRG is planning to launch a consumer version of the iPhone app," said James F. Groelinger, Chief Executive Officer of InterCore. Mr. Groelinger continued: "The very recent Chicago commuter train accident, which the media has reported as being related to the operator having dozed off, only strengthens our resolve to get the ADS™ System into the marketplace as quickly as possible. We are confident that deployment of the system, currently in limited trial distribution in commercial trucking, can reduce accidents with a commensurate reduction in property loss, personal injuries, and loss of life."
Discussing his reasons for joining SRG, Mr. Babin said: "After years in the traditional corporate world, the opportunity to advance a product that can save lives and that so directly provides real human benefits is very exciting to me. The combination of that with a stunning business opportunity was irresistible. Learning about the Chicago train accident at the beginning of my involvement with the ADS™ System deployment only reinforces my conviction that I'm in the right place at the right time."
Mr. Claude Brun, SRG's former President and Chief Executive Officer, will continue his involvement with SRG, supporting Mr. Huppe in the final development stages of the ADS™ System among his responsibilities.
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 subsidiary, SRG, 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 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.