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TWST: Would you begin by telling us about the company's recent name change?
Mr. Lymburner: We acquired a Norwegian company back in 2001 named ADB Systemer.
We changed our company name to ADB Systems. However, over the last few months,
we've completed the sale of that same business unit, and logic dictated that we
change our name to establish some clarity as to our identity, and we have
selected Northcore Technologies. So we've refocused in a number of key strategic
areas, mostly in North America. We think the name is appropriately identifiable
with where we do business, and because we focus a lot on certain core assets and
core technologies of our client companies, we think it also is somewhat
descriptive of what we do. TWST: Would you sketch out the history of the company and tell us about the main
things that you do at the present time?
Mr. Lymburner: When we did buy the Norwegian company in 2001, it gave us a
selection of software, all of which related to the management of corporate
assets and capital assets, whether it was strategically sourcing the asset,
assisting the procurement process, maintaining the asset, such as oil drilling
equipment, or tracking the assets and transfers between locations or ultimately
selling or disposing of surplus assets. We had one or more modules of technology
that we owned that basically allowed us to do that.
Now, we continue even in the new Northcore environment to do all of those
things. So we really haven't lost any functionality or access to software. We
believe now that it's more important that we refocus on North American business,
as opposed to what we were doing, which was spreading ourselves across not just
North America, but also portions of Europe and even the Far East. Now, with the
joint venture that we've had in place for a while with GE, we are really ramping
up the activity in North America through that GE joint venture and a few other
areas.
Tickers included in this excerpt: NTI:TSX
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not make stock recommendations.
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