IGEN Networks Corporation wins
award to provide Medallion GPS to New York State
Counties
Medallion GPS Fleet Platform with
patented "Driver Telematics Signature"
Lake Elsinore, CA -- June 24, 2022 -- InvestorsHub
NewsWire -- IGEN Networks Corporation (OTC:
IGEN, CSE:
IGN), a leading innovator of cloud-based and Internet of Things
(IoT) solutions for the protection and management of mobile assets,
today announced its successful bid to provide IGEN's commercial
fleet solution Medallion GPS to New York State
Counties. All political
subdivisions and districts located in the State of New York will be
entitled to make purchases of fleet services from the awarded
contract. IGEN's Medallion GPS
fleet services will include its patented "Digital Telematics
Signature", which offers greater accuracy in measuring and scoring
driver behavior across all Light-Commercial Fleet vehicles and
their drivers.
"Fleet owners today must provide driver-scores for their
drivers to qualify for commercial fleet insurance," said Neil G
Chan, CEO of IGEN Networks Corp. A
large part of County vehicles are self-insured which offers an
excellent fit for Medallion GPS
capabilities. We expect our first
deployments with the New York State Counties will become a
bench-mark and reference for other Counties across the US,
particularly with the initial states that IGEN is approved for
bidding that includes Pennsylvania, Michigan, Tennessee, and
California. The number of commercial fleet vehicles amongst these
qualified states is estimated to range from 120,000 to 180,000
total Light-Commercial vehicles."
About IGEN Networks
Corporation
IGEN Networks Corporation provides peace-of-mind to
automotive consumers and their families through direct access to
Internet-of-Things (IoT) cloud-based services that include Stolen
Vehicle Protection, Real-time updates on asset health and Driver
Behavior.
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