IGEN
Launches
Product Line through
T-Mobile
IoT Market
Place
Ecommerce
Platform
for
the
Online
Marketing
of IGEN's
Business Solutions
Lake Elsinore, CA -- November 10, 2020 -- InvestorsHub
NewsWire -- IGEN
Networks
Corporation
(OTCQB:
IGEN,
CSE: IGN),
a leading innovator of Cloud-based and Internet of
Things (IoT) Automotive Solutions for the protection and management
of mobile assets, today announced
the launch of all
three business brands: Nimbo Tracking, CU Trak,
and Medallion GPS PRO through the newly created
T-Mobile IoT Market Place
-Ecommerce platform enabling commercial and
enterprise customers to explore, select and rapidly
deploy finished
IoT solutions according to their unique
needs.
https://iotmarketplace.t-mobile.com/solutions/?filters=solution-type[asset-tracking]
Nimbo
Tracking
is a
solution
designed to
be pre-installed into all
vehicles on the dealership lot,
providing a unique and value-added
inventory and lot management capability. Upon sale of the
vehicle, the customer has the option
to purchase the Nimbo Tracking device and prepay for
multiple years of service on IGEN's application
platform,
providing valuable security, vehicle tracking, systems status and
driver behavior services to vehicle owners. Doing so provides a high value
service to the consumer and an added profit center for the
dealership.
CU
Trak offers a unique
solution
for the
Credit
Unions and
their Members. By deploying CU Trak as part
of the underwriting process, credit unions are able to finance more of their
members with higher-risk
credit scores
while offering lower down payments and improved overall loan
performance. This allows more credit union members to receive the vehicle loans they need
for work and mobility while enjoying the benefits of
user-friendly
mobile apps for vehicle tracking and location records, security, real-time alerts,
and driver
behavior data, as part of the ongoing services
package. CU Trak will
be
sold as a
three-year hardware and
monitoring services bundle targeting approximately
2,500 credit unions in key
markets.
Medallion
GPS PRO is a Commercial
Fleet
Management Platform designed
for the Light
Commercial Fleet owner, with compelling features and services at lower
costs and emphasis on
ease-of-use. The system is organized
around
both asset and
driver with dispatch capabilities,
automated reporting, maintenance, diagnostics reporting,
driver
behavior scoring, along with
video
tutorials on demand that are built on the AWS Cloud-based infrastructure.
Medallion GPS PRO includes the
patented "Digital Telematics
Signature", offering greater accuracy in
measuring and scoring driver behavior across diverse
fleets,
which serves as a powerful tool
for
assessing
actuarial
risk
of
assets and their
drivers.
"The offering of all three of our
commercial
brands
through the
T-Mobile IoT Market Place along with leveraging
T-Mobile's Ecommerce expertise, IGEN products and services
are now available to a
broader audience
and have
greater access to dealerships, credit
unions,
and fleet owners across the US," said Abel Sierra,
VP Business
Development and General
Manager.
About IGEN
Networks Corporation
IGEN Networks Corporation
creates software services for
the consumer automotive and asset management
industries. The solutions enable consumers and customers to
mitigate risk, protect their families, improve productivity
and actively
manage their automotive and commercial assets.
IGEN is a fully reporting
company in both Canada and the United States. It
is
publicly traded on the OTCQB under the symbol
IGEN, and listed on the CSE under the symbol IGN. For more
information, please
visit:
www.igennetworks.net
Forward-Looking
Statements
This news release may contain
forward-looking statements or forward looking information within
the meaning of the U.S. Private Securities Litigation Reform
Act of 1995 and
Canadian securities law. The terms and phrases "goal", "commitment",
"guidance", "expects", "would", "will", "continuing", "drive",
"believes", "indicate", "look forward", "grow", "outlook",
"forecasts", "intend", and similar terms and
phrases
are intended to identify these forward-looking
statements. Forward-looking
statements are based on estimates and assumptions made by IGEN in
light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other
factors that IGEN believes are appropriate in the
circumstances, including but not limited to statements regarding
investment liquidity, financing options and long term goals of the
Company, general economic conditions, IGEN's
expectations regarding its
business, customer base, strategy and prospects, and IGEN's
confidence in the cash flow generation of its business. Many
factors could cause IGEN's actual results, performance or
achievements to differ materially from those expressed
or implied by the
forward-looking statements, including, without limitation: risks
related to competition; IGEN's reliance on key personnel; IGEN's
ability to maintain and enhance its brand; and difficulties in
forecasting IGEN's financial results, particularly over longer periods
given the rapid technological changes, competition and
short product life cycles that characterize the mobile application
industry. These risk factors and others relating to IGEN that may
cause actual results to differ are set forth in the under the heading
"Risk Factors" in IGEN's periodic filings with the
British Columbia Securities Commission and the U.S. Securities and
Exchange Commission (copies of which filings may be obtained at
www.sedar.com or www.sec.gov. These factors should be considered carefully,
and readers should not place undue reliance on IGEN's
forward-looking statements. IGEN has no intention and undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Contact:
IGEN Networks
Corporation
Neil G. Chan
Info@igennetworks.net
1-855-912-5378
IGEN Networks (CSE:IGN)
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