InterCore, Inc. (OTC Pink: ICOR) (PINKSHEETS: ICOR) is pleased to announce that its wholly-owned subsidiary, SRG, Inc., has completed installation of a new company-owned server center that will enable simultaneous operation of several million vehicles equipped with its life-saving DADSTM – Driver Alertness Detection System.
The tragic rail, bus, and truck accidents that occurred in recent months have brought the danger of operator drowsiness into the public foreground. DADSTM, in development for more than a decade, has the ability to warn drivers of a developing loss of alertness as much as two hours before the probable onset of sleep. This enables appropriate action to be taken well before fatigued drivers become a hazard to themselves and others.
“The completion of the new server center was supported by a $4 million credit facility consummated for this purpose,” said James F. Groelinger, InterCore’s CEO. “Construction was completed last week and we are now moving forward aggressively to commence DADSTM test programs with major multi-national corporations while simultaneously seizing opportunities developed during a recent trip to Asia.”
DADSTM utilizes a small camera and a smartphone to perform biometric monitoring of multiple points of a driver’s face to continually evaluate the operator’s real-time level of alertness. DADSTM signals drivers when they are becoming fatigued and their skills are becoming impaired (often before they know it themselves). In applications such as truck, bus, or train operations, DADS™ would provide visual and audible alerts of decreasing levels of alertness and the probable onset of sleep to both the drivers and their dispatch control centers.
DADS™ is currently deployed in a commercial demonstration program in 5,000 trucks insured by a major insurance carrier. The iPhone app is now ready for commercial usage, with a consumer iPhone version and Android and Windows products coming shortly.
About InterCore, Inc.
InterCore, Inc., (OTC Pink: ICOR) is a public company focused on the commercialization and deployment of DADSTM and related products through its wholly-owned subsidiary, SRG, Inc. Designed around proprietary alertness detection technologies and developed in correlation with the electroencephalogram (EEG), DADSTM 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.
James F. Groelinger
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SOURCE: InterCore, Inc.