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Monday, October 25, 2021

Major Move on IGEN (IGEN Networks) As Pioneer in Fleet Management & Automotive Tracking (Nimbo Tracking, CU Trak, and Medallion GPS PRO) Gains Traction

IGEN (IGEN Networks Corporation) is in full beast mode rocketing up the charts in recent months trading 10s of millions of shares and emerging as a volume leader in small caps. IGEN has been under heavy accumulation recently and volume has picked up substantially since the stock’s highs of $0.0226 in August of last year. IGEN is currently accelerating its move northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than IGEN does. IGEN Investors are looking forward to that $0.0226 break signaling a powerful second leg and all-out blue-sky breakout. 

There is a lot to get excited about on IGEN who is making big moves in fleet management industry and automotive tracking; IGEN works with Sprint and its distribution partners to provide direct and secure access to information on vehicle assets and driver performance. In November of last year IGEN signed Dealership Agreements with Nissan and Ford Franchise Dealerships located in the Southern California region, with an initial Pre-Load or Total Lot Activation of approximately 700 new vehicles.  Recently IGEN launched 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. Earlier this month IGEN reported the exclusive branding of IGEN’s Fleet Solution as part of the three-year partnership agreement previously announced with the County Executives of America.  With the recent launch of its Fleet Solution and product line targeted for Light Commercial Fleets, IGEN will enable the Counties to improve productivity, safety, and protect their diverse fleets across the USA under the “County Fleet Management” brand. IGEN is a 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 at least 36 million shares of IGEN on the open market according to recent form 4s. 

IGEN (IGEN Networks Corporation) with its executive offices in Mureitta, California, 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. IGENs principal business is the development and marketing of software services for the automotive and fleet management industry. The Company works with Sprint and its distribution partners to provide direct and secure access to information on vehicle assets and driver performance. The software services are based on the AWS Cloud Infrastructure delivered to customers over the wireless network and accessed from consumer mobile or desktop devices. The software services are marketed through automotive dealers, financial institutions, and government channels as IGEN commercial and consumer brands: Nimbo Tracking, CU Trak, and Medallion GPS PRO. More recently IGEN has added T-Mobile and County Executives of America to its list of clients.  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.  

IGEN owns the 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. The estimated claim is about $1.5M. 

Recently IGEN launched 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. 

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.  

Investor sentiment on IGEN is high:

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IGEN

Microcapdaily has been reporting on IGEN for a while now starting on June, 6, 2020 reporting: “IGEN Networks Corp (OTCMKTS: IGEN) has been on a fast rise in recent weeks out of triple zero land with recent highs over half a penny. Looking to break out of sub penny land IGEN has quickly attracted legions of shareholders and is currently among the most active stocks in small caps. 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, management is buying stock on the open market and the Company is already doing significant sales achieved $723,819 in revenues in 2019 at 36% gross margins and $295,788 gross profit. 

In November of last year IGEN signed Dealership Agreements with Nissan and Ford Franchise Dealerships located in the Southern California region, with an initial Pre-Load or Total Lot Activation of approximately 700 new vehicles. Nimbo Tracking Inventory Management System will enable timely and accurate inventory management of all new vehicles along with creating a profit center for marketing Nimbo Tracking products and services to consumers purchasing new vehicles. This represents the first Pre-Load deployments over the T-Mobile Network.  It sets a precedent with the T-Mobile Business sales channels under the “Sell-With” program as each Dealership deployment generates monthly residual revenues and activations. Combined with the T-Mobile IoT Market Place and the Hyperion Partner channels, IGEN is now marketing the IGEN Product Line through all of T-Mobile’s Business channels.

Also, in December IGEN joined the T-Mobile Partner Program, enabling the sale of IGEN products through T-Mobile’s Business Sales Channels. The T-Mobile Partner Program is a comprehensive program to support T-Mobile’s Small 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. Facilitated by the Hyperion Partners relationship, IGEN product solutions are now sold over the T-Mobile Network by the T-Mobile Business Sales Force. Since establishing its partnership with Hyperion Partners, T-Mobile’s Master Agent, IGEN has activated over 1000 new vehicles over the T-Mobile Network with additional inventories of 3000 IoT devices planned for the next 90 days.  With the official acceptance of IGEN to T-Mobile’s Partnership Program, The Company anticipates significant growth across its product lines in both Franchise Dealerships and Credit Unions across T-Mobile’s coverage area.

Image result for IGEN Nimbo Tracking

On February 8 IGEN announced the exclusive branding of IGEN’s Fleet Solution as part of the three-year partnership agreement previously announced with the County Executives of America.  With the recent launch of its Fleet Solution and product line targeted for Light Commercial Fleets, IGEN will enable the Counties to improve productivity, safety, and protect their diverse fleets across the USA under the “County Fleet Management” brand.     

County Fleet Management is designed for the Light Commercial Fleet owner, with compelling features and services at lower costs and with emphasis on ease-of-use.  The County Fleet Management features are organized around both asset and driver with dispatch capabilities, automated reporting, maintenance, diagnostics reporting, driver behavior scoring, and video tutorials on demand built on the world-class AWS Cloud Infrastructure.  County Fleet Management incorporates the patented “Driver Signature”, which offers greater accuracy in measuring and scoring driver behavior across diverse fleets providing a powerful tool for assessing actuarial risk of assets and their drivers. 

“This exclusive partnership with the County Executives of America represents an opportunity for IGEN to offer fleet management solutions for an estimated 350,000 assets utilized across 700 Counties in the USA,” said Neil G Chan, CEO of IGEN Networks Corp.  The diversity of these assets along with the self-insurance of these assets creates an excellent fit with the capabilities of the County Fleet Management Platform. 

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IGEN is in full beast mode rocketing up the charts in recent months trading 10s of millions of shares and emerging as a volume leader in small caps. IGEN has been under heavy accumulation recently and volume has picked up substantially since the stock’s highs of $0.0226 in August of last year. IGEN is currently accelerating its move northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than IGEN does. IGEN Investors are looking forward to that $0.0226 break signaling a powerful second leg and all-out blue-sky breakout. There is a lot to get excited about on IGEN who is making big moves in fleet management industry and automotive tracking; IGEN works with Sprint and its distribution partners to provide direct and secure access to information on vehicle assets and driver performance. In November of last year IGEN signed Dealership Agreements with Nissan and Ford Franchise Dealerships located in the Southern California region, with an initial Pre-Load or Total Lot Activation of approximately 700 new vehicles.  Recently IGEN launched 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. Earlier this month IGEN reported the exclusive branding of IGEN’s Fleet Solution as part of the three-year partnership agreement previously announced with the County Executives of America.  With the recent launch of its Fleet Solution and product line targeted for Light Commercial Fleets, IGEN will enable the Counties to improve productivity, safety, and protect their diverse fleets across the USA under the “County Fleet Management” brand. IGEN is a 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. IGEN has made significant progress building up a powerful revenue channel and investors are looking forward to the next filings as these revenues are reflected on the balance sheets. The Company is led by mover and shaker CEO Neil Chan who along with his VP has accumulated at least 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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