Northcore Provides Corporate Update
08 December 2012 - 9:31AM
Marketwired
Northcore Technologies Inc. (TSX:NTI)(OTCBB:NTLNF), a global
provider of asset management and social commerce solutions is
pleased to provide a corporate update.
As previously announced, The Irish Government Health Service
Executive (The HSE) employed the Northcore E-Buyer Tender
Submission and Procurement Auction Software Service to achieve a
dramatic 30 percent saving on a EUR30 million procurement tender
process.
This groundbreaking achievement was the subject of a prominent
information piece on the Irish National business news network RTE
One. The segment can be viewed at the broadcaster's site through
the following link www.rte.ie/player/ca/show/10092710/. The story
begins at 12 minutes and 35 seconds.
The HSE team that worked with Northcore on the project
subsequently received the Irish National Procurement Award for
Innovation in Public Procurement. The team and other category
winners can be viewed at www.procurementawards.ie/index.php.
Northcore congratulates our colleagues at The HSE for their well
deserved recognition.
Northcore has also completed development of a comprehensive
Material Management software application that has wide application
in many industries including the Oil & Gas and Healthcare
sectors. This product will be detailed in a subsequent release.
Additionally, James Moskos has been appointed to the role of
Interim Chief Executive Officer of Northcore Technologies.
Northcore develops solutions to support the evolving needs of
industry and governments by providing 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 our 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, Northcore's solutions support customer
needs throughout the entire asset lifecycle.
Northcore's portfolio includes: Envision Online Media Inc., a
specialist in the delivery of content management solutions. 50
percent ownership of GE Asset Manager, LLC, a joint business
venture with GE; and substantial intellectual property, including
issued and pending patents.
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.
Contacts: Northcore Technologies Inc. Investor Relations (416)
640-0400 ext. 273 (416) 640-0412
(FAX)InvestorRelations@northcore.com www.northcore.com