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Bulls Take Charge of IGEN Networks Corp (OTCMKTS: IGEN)

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IGEN Networks Corp (OTCMKTS: IGEN) is surging over a penny on heavy accumulation and fast acceleratin volume. Over the past few months IGEN has exploded out of the triple zeroes and emerged from obscurity to become a volume leader attracting legions of shareholders who continue to bid the stock higher.

IGEN got a boost after the Company announced the launch of its Next-Generation Platform built on the Amazon’s Web Service (AWS) infrastructure and based on state-of-the-art coding methodology that leverages Facebook and Google design techniques to present a seamless user interface regardless of access methods including smartphones, tablets, desktops, and third party application environments.

IGEN Networks Corp (OTCMKTS: IGEN) 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 alerts, 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.

There is a lot going on at IGEN;  the Company has been appointed Wireless Business Consultants (WBC) Sprint’s Master Agent for nationwide distribution and Sprint has IGEN products listed on its website. IGEN Networks is projecting enormous revenues from its County Executives of America contract as well as ongoing sales from its Sprint/T-Mobile contracts. The Company is led by mover and shaker CEO Neil Chan who along with his VP has accumulated 36 million shares of IGEN on the open market according to recent form 4s.

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IGENIGEN has some big names behind it; the CEO Neil Chan is a serious mover and shaker who sold his last Company for an enormous sum. Recently Robert Friedman was added as Director of IGEN. Robert Friedman is developing a national family amusement them park anchored by the world’s largest roller coaster to be located in Orlando, Florida and has many properties and building in Manhattan. According to online records Robert Friedman and his brother Bernard Friedman own roughly 40 retail office buildings, rental properties, and luxury homes in Manhattan including a 28 story skyscraper just steps from Time Square.

On July 29 IGEN launched its launched its Next-Generation Platform built on the Amazon’s Web Service (AWS) infrastructure and based on state-of-the-art coding methodology that leverages Facebook and Google design techniques to present a seamless user interface regardless of access methods including smartphones, tablets, desktops, and third party application environments. The AWS infrastructure offers reliability, security, and scalability to support millions of users or assets and an Application Programming Interface (API) friendly environment that adapts to a broad range of data sources to support the changing needs of the consumer and their families. IGEN’s Next-Generation Platform is optimized to serve a broad range of consumer markets including online purchases and renewals.

The Digital Telematics Signature (DTC) is IGEN’s patented proprietary algorithm for measuring driver behavior for both commercial and consumer markets regardless of the data sources. Whether driving in high-density traffic or at high speeds over the expressway, the data is normalized across a relatively large sample to create a consistent and accurate driver score based on actuarial metrics. With programmable weighting of driving events such as speed, sudden-braking, harsh-turns, traffic flow, and vehicle profiling, a “DTC” or weighted score is created over an extended period-of-time.

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Currently trading at a $8.5 million market valuation IGEN is an exciting story developing in small caps. The Company is fully reporting OTCQB and recently reported their 10Q. It’s easy to get excited about IGEN; the Company has been appointed Wireless Business Consultants (WBC) Sprint’s Master Agent for nationwide distribution and Sprint has IGEN products listed on its website. IGEN Networks is projecting enormous revenues from its County Executives of America contract as well as ongoing sales from its Sprint/T-Mobile contracts. The Company is led by mover and shaker CEO Neil Chan who along with his VP has accumulated 36 million shares of IGEN on the open market according to recent form 4s. We will be updating on IGEN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IGEN.

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Disclosure: we hold no position in IGEN either long or short and we have not been compensated for this article

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