ICOR Revised PR re ADS Test Program (00010676.DOCX;2) - Insurance News | InsuranceNewsNet

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July 16, 2013 Newswires
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ICOR Revised PR re ADS Test Program (00010676.DOCX;2)

InterCore Energy, Inc.
By InterCore Energy, Inc.
MacReport Media

SRG, Inc., a wholly owned subsidiary ofInterCoreEnergy, Inc. (OTCQB:ICOR),announced thata commercialinsurance brokeragecompany in Canadathathadcommenced a small scale demonstration of the ADS(TM)Systemtwo months agowith trucking company clientshas expanded the scope of the test program.TheADS(TM)System isbelieved to bethe onlyunobtrusive alertness detection system that ispredictive, providing drivers and dispatchers with warnings of impending loss of alertnessas much asfrom 45 minutes to 2 hours before thepotentialonset of sleep.

 

The ADS(TM)System, in development for more than a decade,utilizesbiometric monitoring of 524 points of the drivers eyes, face, and headto evaluatewhen the performance of the driver is becoming jeopardized.It thenalertsthe driver and selected third parties (such as trucking dispatch centers or, in private applications, friends or parents)of the impending loss of alertness. The alert isdesigned to begiven sufficiently in advanceso that appropriate action can be takenbefore the driver becomes a hazard on the road. For fleet operators, thiswouldprovide sufficient time for dispatch to direct the driver to a safe location topull off and take a rest.

 

InlateMay2013, a commercialinsurancebrokeragecompany in Canada commenced a 100-vehicle test of theADS(TM)System. In July, based on the resultsofjust the first month,the testwas expandedto 150 vehicles.During thefirst forty days of the trial program, over 600 incidents were reported, the majority of which were in the period ofinitialdetection 45 minutes to two hours in advance. There were also at least 17 red alerts,signalingthat the driver needed to stop for a nap all of which were detected by the ADS(TM)System and confirmed by the drivers.

 

The test version of the ADS(TM)System technology was deployed in specificallydesigned and constructed stand-alone units mounted on the trucks dashboard, similar to an after-market GPS system.In the next generation of the technology, currently in the final stages of development,the company plansthe ADS(TM)System to bedeployed as a smartphone app, eliminating the need forindependentdevice manufacturing and drastically increasing the rate at which the ADS(TM)Systemcan be deployed. In anticipation of the impending availability of the smartphone app, a major insurance company that has been working with SRG for more than five years is planning a demonstration programin Canadastarting by January 2014 thatcouldinvolve up to 80,000vehiclesfor which it provides coverage.

 

AboutInterCoreEnergy, Inc.

InterCoreEnergy, Inc. (OTCQB: ICOR),is apublic companyfocused on thecommercialization and deployment of the ADS(TM)System and related products, through its subsidiary, SRG, Inc..Designed around proprietary alertness detection technologies, the ADS(TM)Systemhelps alert operators to their work activity capability based on real-time monitoring of their state of alertness.www.intercoreenergy.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 ofwords "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:

ClaudeBrun
[email protected]
www.intercoreenergy.com
www.srgint.com

 

 

SOURCE:InterCoreEnergy, Inc.

Copyright:  Copyright eTeligis Inc. 2013. All rights reserved.
Wordcount:  525

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