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Monday, October 18, 2021

IGEN Networks Corp (OTCMKTS: IGEN) Soars on Hyperion Agreement

IGEN Networks Corp (OTCMKTS: IGEN) is up big after the Company reported it signed a partnership agreement with Hyperion Partners, Master Agent for T-Mobile Business. The Partner Agreement enables the sales of IGEN products and services through Hyperion channels that include Resellers, Referrers, and a prerequisite for T-Mobile’s “Sell with Partner” program and the most recently announced T-Mobile Business Partner Program.

Microcapdaily has been covering IGEN as it ran from triple zeroes to highs over $0.02 earlier this year. After a brief dip below $0.005 IGEN is once again northbound as investors accumulate. There is plenty to get excited about on 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.

IGEN Networks Corp (OTCMKTS: IGEN) operating out of Lake Elsinore, California, 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. The Company works with Sprint and its distribution partners to provide direct and secure access to information on vehicle assets and driver performance. During 2020 IGEN continues to focus on initiatives to control costs, grow revenue, expand its customer base, and develop new channels through its wholly-owned subsidiary Nimbo Tracking LLC and direct to customer brands Medallion GPS PRO and CU TRAK, all three brands are marketed through the Sprint IOT Factory platform.

IGEN subsidiary is Nimbo Tracking LLC, a privately held US company based in Murrieta, CA. IGEN appointed Wireless Business Consultants (WBC) Sprint’s Master Agent for nationwide distribution. IGEN appointed REMCOOP for distribution and marketing for the Territory of Puerto Rico. IGEN took ownership of Digital Telematics Signature (DTC) patent for greater accuracy in measuring driver performance. IGEN launched Medallion GPS PRO for Light-Commercial Fleets. IGEN has a software license and hardware supply agreements with Positioning Universal Inc.

IGEN also owns a DTC patent for normalization of driver behavior data for consistent and accurate measurement of driver performance regardless of asset-type or data source. The Company has secured trademarks and distribution licenses through increased ownership of privately held technology companies. IGEN’s wholly-owned subsidiary Nimbo Tracking LLC., the plaintiff, has filed a lawsuit against SkyForce Technologies and its principle Mr Jim Kwon for breach-of-contract and loss of business. Trial date set for September 2020 with an estimated claim of $1.5M.

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IGENIGEN is already doing some big sales; during 2019 IGEN achieved $723,819 in revenues at 41% gross profit margin and $295,788 gross profit. The Company was appointed new distributors REMCOOP and Wireless Business Consultants (WBC) to augment Sprint SMB and Enterprise Sales Channels. IGEN received Sprint IoT Factory orders to manage Ride-Share leased vehicles in the Tri-State Area of New York. The Company launched CU Trak, a white-labelled product for Sprint targeted for Credit Unions at the Inclusiv Annual Conference bringing together over 300 Credit Unions from the continental US, along with securing the first CU Trak orders from Puerto Rico based Credit Unions and the Organization of Americas.

On October 26 IGEN reported it signed a partnership agreement with Hyperion Partners, Master Agent for T-Mobile Business. The Partner Agreement enables the sales of IGEN products and services through Hyperion channels that include Resellers, Referrers, and a prerequisite for T-Mobile’s “Sell with Partner” program and the most recently announced T-Mobile Business Partner Program. The T-Mobile Business Partner Program is a comprehensive program to support T-Mobile’s Indirect Business Channels through a full-service portal, social marketing tools to drive demand, and co-branding material to support the sales and marketing of partner products and services

VP & GM Abel Sierra of IGEN Networks Corp stated, “This is an exciting opportunity for us to be able to market our products through Hyperion Partners and through their Master Agent relationship with T-Mobile for Business. Combined with Hyperion Partner’s expansive Reseller and Referrer channels across the US, we now are qualified to expand our sales channels across automotive dealerships, credit unions, and commercial fleet businesses through T-Mobile Business sales and marketing eco-system.”

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Currently running northbound off a penny IGEN just reported it signed a partnership agreement with Hyperion Partners, Master Agent for T-Mobile Business. The Partner Agreement enables the sales of IGEN products and services through Hyperion channels that include Resellers, Referrers, and a prerequisite for T-Mobile’s “Sell with Partner” program and the most recently announced T-Mobile Business Partner Program.. 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. IGEN’s wholly-owned subsidiary Nimbo Tracking LLC., the plaintiff, has filed a lawsuit against SkyForce Technologies and its principle Mr Jim Kwon for breach-of-contract and loss of business. Trial date set for September 2020 with an estimated claim of $1.5M. 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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