----

----

| UNITED                  STATES SECURITIES AND EXCHANGE COMMISSION**WASHINGTON,                  D.C. 20549**                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | **FORM                  20-F/A****(Amendment                  No.1)** |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| o    REGISTRATION                  STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE                  ACT                  OF 1934OR                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| x    ANNUAL                  REPORT                  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                  OF 1934 FOR                  THE FISCAL YEAR ENDED DECEMBER 31, 2005OR                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| o    TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934OR                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| o    SHELL                  COMPANY                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT of                  1934 Date                  of event requiring this shell company report                  ........................                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| For                  the transition period from __________ to __________.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Commission                  File No. **001-14835**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **NORTHCORE                  TECHNOLOGIES INC.** **(FORMERLY                  ADB SYSTEMS INTERNATIONAL LTD.)** (Exact                  name of Registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Not                  Applicable**(Translation                  of Registrant’s name into English)                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **ONTARIO,                  CANADA**(Jurisdiction                  of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **302                  The East Mall, Suite 300 Toronto, Ontario M9B 6C7**(Address                  of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Securities                  registered or to be registered pursuant to Section 12(b) of the                  Act.**None** |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Securities                  registered or to be registered pursuant to Section 12(g) of the                  Act.**Common                  Shares** |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Securities                  for which there is a reporting obligation pursuant to Section 15(d)                  of the                  Act.**None** |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Indicate                  the number of outstanding shares of each of the issuer’s classes of                  capital or common stock as of the close of the period covered by                  the                  Annual Report.                                                                                                                                                                                                                                                                                        |
| **74,120,131                  Common Shares as of December 31, 2005**                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Indicate                  by check mark if the registrant is a well-known seasoned issuer                  as defined                  in Rule 405 of the Securities ActYes                  o    No                  x                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| If                  this report is an annual or transition report, indicate by check                  mark if                  the registrant is not required to file reports pursuant to Section                  13 or                  15 (d) of the Securities Exchange Act of 1934.Yes                  o    No                  x                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Indicate                  by check mark whether the registrant (1) has filed all reports                  required to                  be filed by Section 13 or 15(d) of the Securities Exchange Act                  of 1934                  during the preceding 12 months (or for such shorter period that                  the                  registrant was required to file such reports), and (2) has been                  subject to                  such filing requirements for the past 90 days.                 |
| Yes                  x    No                  o                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Indicate                  by check mark whether the registrant is a large accelerated filer,                  an                  accelerated filer, or a non-accelerated filer.  See definition                  of “accelerated filer and large accelerated filer” in Rule 12b-2 of the                  Exchange Act. (Check one):Large                  Accelerated filer o    Accelerated                  filer o    Non-accelerated                  filer x |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Indicate                  by check mark which financial statement item the registrant has                  elected to                  follow.                                                                                                                                                                                                                                                                                                                                                                                    |
| Item                  17 o    Item                  18                  x                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| If                  this an annual report, indicate by check mark whether the registrant                  is a                  shell company (as determined in Rule 12b-2 of the Exchange                  Act).Yes                  o    No                  x                                                                                                                                                                                                                                              |

----

----

----

**TABLE        OF CONTENTS**

| EXPLANATORY                  NOTE                                                                                                                                                                                                |   |   | 3      |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                             |   |   |   |   |
| ITEM                  18. FINANCIAL                  STATEMENTS -                  AUDITOR’S REPORT                  REGARDING THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED                  DECEMBER 31, 2004 |   |   | 4      |   |
|                                                                                                                                                                                                                             |   |   |   |   |
| SIGNATURES                                                                                                                                                                                                                       |   |   | 5      |   |
|                                                                                                                                                                                                                             |   |   |   |   |
| EX-99.1                  - CERTIFICATION                                                                                                                                                                                         |   |   | 6      |   |
|                                                                                                                                                                                                                             |   |   |   |   |
| EX-99.2                  - CERTIFICATION                                                                                                                                                                                         |   |   | 7      |   |
|                                                                                                                                                                                                                             |   |   |   |   |
| EX-99.3                  - CERTIFICATION                                                                                                                                                                                         |   |   | 8      |   |
|                                                                                                                                                                                                                             |   |   |   |   |
| EX-99.4                  - CERTIFICATION                                                                                                                                                                                         |   |   | 9      |   |

----

**EXPLANATORY        NOTE**

----

**AUDITOR’S        REPORT REGARDING THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED        DECEMBER 31, 2004**

**Report        of Independent Registered Chartered Accountants**

**To        the Shareholders of ADB Systems International Ltd.**

***Comments        by Independent Registered Chartered Accountants on Canada - United States        Reporting Difference***

**March        6, 2005**

----

**SIGNATURES**

|                                    | NORTHCORE                  TECHNOLOGIES INC. |
|-----------------------------------------|----------------------------------------------|
|                                    |                                         |
|                                    |                                         |
|                                    |                                         |
|                                    | By:                                          | /s/                  Duncan Copeland |
|                                    |                                         | Name: | Duncan                  Copeland |
|                                    |                                         | Title: | Chief                  Executive Officer |
|                                    |                                         |   |   |
| Dated:                  August 20, 2007 | By:                                          | /s/                  Tam Nguyen |
|                                    |                                         | Name: | Tam                  Nguyen |
|                                    |                                         | Title: | Corporate                  Controller |
|                                    |                                         |   |   |