TORONTO, ONTARIO--(Marketwire - June 19, 2012) - Northcore Technologies Inc. (TSX:NTI)(OTCBB:NTLNF), a global provider of asset management and social commerce solutions is pleased to announce the extension of its mobile product strategy to encompass the iPad series of tablets.
Northcore now has evidenced delivery capability across three major mobile platforms, namely: the iPad, the Blackberry product line; and the Motorola series of ruggedized hand held computers. The iPad was the logical next step in the deployment of the Northcore enterprise architecture, given the strong customer demand and over $55 million units sold since its launch in 2010. The iPad serves as an ideal mobile asset management and inspection platform, with a highly intuitive user interface, high resolution camera capabilities and processing power that rivals earlier generation desktop computers.
The first application released on the iPad framework is the Asset Tracker Mobile Remarketing System, available through GE Asset Manager, LLC, www.GEassetmanager.com, Northcore's joint venture with GE Capital Solutions. Based on industry response, the iPad is expected to be an increasingly important target platform for Northcore`s extended suite of offerings.
"I had earlier informed our shareholders of the importance of the mobile computing space to the evolution of Northcore," said Amit Monga, CEO of Northcore Technologies. "The team has now demonstrated the capability to deliver enterprise level technology to a broad range of mobile devices. With industry estimates showing global mobile subscriptions approaching $6 billion, the delivery of our first iPad offering is an important milestone in the execution of our strategy."
Northcore develops solutions to support the evolving needs of industry and provides comprehensive platforms for the management of capital equipment and the implementation of Social Commerce business models. These products are proven, effective and in use by some of the world's most successful corporations.
Companies interested in effective software solutions should contact Northcore at 416-640-0400 or 1-888-287-7467, extension 395 or via email at Sales@northcore.com.
About Northcore Technologies Inc.
Northcore Technologies provides enterprise level software products and services that enable its customers to purchase, manage and dispose of capital equipment. Utilizing award-winning, multi-patented technology, as well as powerful, holistic Social Commerce tools, Northcore's solutions support customers throughout the entire asset lifecycle. Northcore's portfolio companies include Envision Online Media Inc., a Microsoft Partner and specialist in the delivery of content management solutions.
Northcore has earned the trust and loyalty of customers from a wide range of organizations across many different industry sectors.
Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE and holds a substantial intellectual property portfolio.
For more information, visit www.northcore.com.
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. federal securities laws. These include, among others, statements about expectations of future revenues, cash flows, and cash requirements. Forward-looking statements are subject to risks and uncertainties that may cause Northcore's results to differ materially from expectations. These risks include the Company's ability to raise additional funding, develop its business-to-business sales and operations, develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, on SEDAR (the System for Electronic Document Analysis and Retrieval at www.sedar.com) and the US Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in any jurisdiction.
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