Northcore Provides Corporate Update
TORONTO, ONTARIO, Dec 07, 2012 (Menafn - MARKETWIRE via COMTEX) --Northcore Technologies Inc. NTLN.F, a globalprovider of asset management and social commerce solutions is pleasedto provide a corporate update.
As previously announced, The Irish Government Health ServiceExecutive (The HSE) employed the Northcore E-Buyer Tender Submissionand Procurement Auction Software Service to achieve a dramatic 30percent saving on a EUR30 million procurement tender process.
This groundbreaking achievement was the subject of a prominentinformation piece on the Irish National business news network RTEOne. The segment can be viewed at the broadcaster's site through thefollowing link www.rte.ie/player/ca/show/10092710/. The story beginsat 12 minutes and 35 seconds.
The HSE team that worked with Northcore on the project subsequentlyreceived the Irish National Procurement Award for Innovation inPublic Procurement. The team and other category winners can be viewedat www.procurementawards.ie/index.php. Northcore congratulates ourcolleagues at The HSE for their well deserved recognition.
Northcore has also completed development of a comprehensive MaterialManagement software application that has wide application in manyindustries including the Oil & Gas and Healthcare sectors. Thisproduct will be detailed in a subsequent release.
Additionally, James Moskos has been appointed to the role of InterimChief Executive Officer of Northcore Technologies.
Northcore develops solutions to support the evolving needs ofindustry and governments by providing comprehensive platforms for themanagement of capital equipment and the implementation of SocialCommerce business models. These products are proven, effective and inuse by some of the world's most successful corporations.
Companies interested in our software solutions should contactNorthcore at 416-640-0400 or 1-888-287-7467, extension 395 or viaemail at Sales@northcore.com.
About Northcore Technologies Inc.
Northcore Technologies provides enterprise level software productsand services that enable its customers to purchase, manage anddispose of capital equipment. Utilizing award-winning, multi-patentedtechnology, Northcore's solutions support customer needs throughoutthe entire asset lifecycle.
Northcore's portfolio includes: Envision Online Media Inc., aspecialist in the delivery of content management solutions. 50percent ownership of GE Asset Manager, LLC, a joint business venturewith GE; and substantial intellectual property, including issued andpending patents.
For more information, visit www.northcore.com.
This news release may include comments that do not refer strictly tohistorical results or actions and may be deemed to be forward-lookingwithin the meaning of the Safe Harbor provisions of the U.S. federalsecurities laws. These include, among others, statements aboutexpectations of future revenues, cash flows, and cash requirements.Forward-looking statements are subject to risks and uncertaintiesthat may cause Northcore's results to differ materially fromexpectations. These risks include the Company's ability to raiseadditional funding, develop its business-to-business sales andoperations, develop appropriate strategic alliances and successfuldevelopment and implementation of technology, acceptance of theCompany's products and services, competitive factors, new productsand technological changes, and other such risks as the Company mayidentify and discuss from time to time, including those risksdisclosed in the Company's Form 20-F filed with the Securities andExchange Commission. Accordingly, there is no certainty that theCompany's plans will be achieved. Important factors that could causeactual results to differ materially from the Company's expectationsare disclosed in the Company's documents filed from time to time withthe Toronto Stock Exchange, on SEDAR (the System for ElectronicDocument Analysis and Retrieval at www.sedar.com) and the USSecurities and Exchange Commission. This news release shall notconstitute an offer to sell or the solicitation of an offer to buysecurities 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
SOURCE: Northcore Technologies Inc.
mailto:InvestorRelations@northcore.com
http://www.northcore.com
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