InterCore's Subsidiary, SRG, Inc., Strengthens Management Team
March 26 2014 - 9:57AM
Marketwired
InterCore's Subsidiary, SRG, Inc., Strengthens Management Team
ADS(TM) System Likely Would Have Averted Chicago Train
Derailment
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.
Contact: James F. Groelinger jgroelinger@icorinc.com InterCore
Energy, Inc. 201-512-8732 www.intercoreenergy.com Remy Babin
r.babin@srgint.com SRG International, Inc. www.srgint.com