EX-99.1 2 ex991.htm NEWS RELEASE DATED DECEMBER 15, 2009 ex991.htm
Exhibit 99.1
News release via Canada NewsWire, Toronto 416-863-9350

	    Attention Business Editors:
	    Northcore announces development of NACCO Materials Handling Group
	    remarketing platform

	    TORONTO, Dec. 15 /CNW/ - Northcore Technologies Inc. (TSX: NTI; OTCBB:
NTLNF), a global provider of asset management technology solutions, announced
today that through GE Asset Manager, LLC, it has entered into an agreement
with NACCO Materials Handling Group ("NMHG"), a subsidiary of NACCO Industries
Inc. (NYSE: NC). The companies are collaborating to create a holistic
remarketing platform to connect qualified buyers with superior used lift truck
inventory from a North American network of authorized Hyster(R) and Yale(R)
dealers.
	    "We will now be able to combine current asset condition reports from the
field with supporting historical data, providing the depth of information
required for the resale of assets online. This enables a new level of
efficiency and effectiveness in our remarketing of Hyster(R) and Yale(R) lift
trucks," said Bob Sattler, VP NMHG Dealer Business Development.
	    "This initiative showcases the powerful integration capabilities of our
Asset Tracker and Asset Seller products. The support for mobile collection of
real-time condition information advances the state of the art in asset
remarketing," said Duncan Copeland, CEO of Northcore Technologies.

	    About Northcore Technologies Inc.

	    Northcore Technologies is a technology provider of working capital
solutions that help organizations source, manage, appraise and sell their
capital equipment and assets. Northcore's Working Capital Engine(TM) product
suite supports a growing number of customers in a variety of sectors including
financial services, manufacturing, oil and gas and government.
	    Additional information about Northcore can be obtained at
www.northcore.com.

	    About GE Asset Manager, LLC.

	    Northcore owns 50 percent of GE Asset Manager, LLC, a joint business
venture with GE. Together, the companies work with leading organizations
around the world to help them gain more value from and more control over their
assets.
	    Additional information about GE Asset Manager can be obtained at
www.geam.com.

	    About NACCO Industries, Inc.

	    NACCO Industries, Inc. is an operating holding company with subsidiaries
in the following principal industries: lift trucks, small appliances,
specialty retail and mining. NACCO Materials Handling Group, Inc. designs,
engineers, manufactures, sells, services and leases a comprehensive line of
lift trucks and aftermarket parts marketed globally under the Hyster(R) and
Yale(R) brand names. Hamilton Beach Brands, Inc. is a leading designer,
marketer and distributor of small electric household appliances, as well as
commercial products for restaurants, bars and hotels. The Kitchen Collection,
Inc. is a national specialty retailer of kitchenware and gourmet foods
operating under the Kitchen Collection(R) and Le Gourmet Chef(R) store names
in outlet and traditional malls throughout the United States. The North
American Coal Corporation mines and markets lignite coal primarily as fuel for
power generation and provides selected value-added mining services for other
natural resources companies.
	    For more information about NACCO Industries, visit the company's website
at www.nacco.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 ("the Company") 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.

	    %SEDAR: 00019461E          %CIK: 0001079171

	    /For further information: Northcore Technologies Inc., Investor
Relations, Tel: (416) 640-0400 ext. 273, E-mail:
InvestorRelations(at)northcore.com/
	    (NTI. NTLNF)

CO:  Northcore Technologies Inc.

CNW 08:00e 15-DEC-09