10:14:43 EDT Thu 25 Apr 2024
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Igen Networks Corp
Symbol IGN
Shares Issued 1,549,420,305
Close 2022-06-23 C$ 0.005
Market Cap C$ 7,747,102
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Igen to provide Medallion GPS to New York counties

2022-06-24 09:47 ET - News Release

Mr. Neil Chan reports

IGEN NETWORKS CORPORATION WINS AWARD TO PROVIDE MEDALLION GPS TO NEW YORK STATE COUNTIES

Igen Networks Corp. has made a successful bid to provide Igen's commercial fleet solution, Medallion GPS, to New York State counties. All political subdivisions and districts located in New York State 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 behaviour 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, chief executive officer of Igen Networks. "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 benchmark and reference for other counties across the U.S., 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 Corp.

Igen Networks 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 behaviour.

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 Canadian Securities Exchange under the symbol IGN.

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