EX-99.1 2 ex991.htm NEWS RELEASE DATED APRIL 26, 2010 ex991.htm
Exhibit 99.1
 
News release via Canada NewsWire, Toronto 416-863-9350

            Attention Business Editors:
            Northcore releases new remarketing application on next generation of
            Motorola handheld devices

            TORONTO, April 26 /CNW/ - Northcore Technologies Inc. (TSX: NTI; OTCBB:
NTLNF), a global provider of asset management technology solutions, announced
that it has released a new mobile asset remarketing application for the next
generation Motorola handheld devices.
            The application extends the powerful asset management suite of products
available through GE Asset Manager, LLC, www.GEassetmanager.com, Northcore's
joint venture with GE Capital Solutions. Corporations seeking to vend used
assets can now benefit from process improvements made possible through the
industry's first holistic remarketing platform. This solution combines
financial information from internal accounting systems with in-field condition
reports and photographs, to provide the fulsome online data set required by
prospective buyers. This complete asset information is then automatically
provided through Northcore's Asset Seller platform to a variety of public
sales channels including client branded used equipment websites and
www.GEasset.com. The initial client for the toolset will be the NACCO material
handling group, a preeminent manufacturer in the global material handling
arena. In this implementation, end of lease customer assets can also be
accessed through an intranet of authorized dealers for subsequent resale.
            By using this application, customers are able to reduce process times in
the asset remarketing lifecycle and provide both asset custodians and
potential purchasers with the most current and comprehensive information
possible. The solution allows the corporate remarketing function to become
pro-active, facilitating instantaneous asset sale events in support of planned
reorganizations, liquidations and end of lease dates. The Motorola devices
were selected because of their rugged dependability and wealth of mixed-media
capabilities.
            "Our relationship with Motorola, which we announced in March 2009, has
paid dividends with this extension to the Asset Manager product line. Given
the efficacy of this technique, we expect this to be the first of several
deployments into the important area of at-location processing. As Motorola
continues to evolve its family of devices, we will likewise enhance our tools
to take advantage of the platform's additional capabilities," said Duncan
Copeland, CEO of Northcore Technologies.

            About Northcore Technologies Inc.

            Northcore Technologies provides a Working Capital Engine(TM) that helps
organizations source, manage, appraise and sell their capital equipment.
Northcore offers its software solutions and support services to a growing
number of customers in a variety of sectors including financial services,
manufacturing, oil and gas and government.
            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 liberate more capital value from their assets.
            Additional information about Northcore can be obtained at
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.

            %SEDAR: 00019461E %CIK: 0001079171

            /For further information: Northcore Technologies Inc., Investor
Relations, Tel: (416) 640-0400 ext. 273, Fax: (416) 640-0412, E-mail:
InvestorRelations(at)northcore.com/
            (NTI. NTLNF)

CO:  Northcore Technologies Inc.

CNW 11:16e 26-APR-10