Business
IGEN Networks Subsidiary Receives Largest Single Order in the Company's History
IGEN Networks Subsidiary Receives Largest Single Order in the Company's History.
About this update from Igen Networks Corp.
[{"type":"text","content":"\n \n \n IGEN Networks Subsidiary Receives Largest Single Order in the Company's History\n \n \nIGEN Networks Subsidiary Receives Largest Single Order in the Company's History\n \n MURRIETA, CALIFORNIA--(Marketwired - Jan 5, 2016) - IGEN Networks Corp. (the \"Company\" or \"IGEN\") (OTCQB:IGEN)(CSE:IGN), announces that its wholly owned subsidiary, Nimbo LLC (\"Nimbo\"), has received an order for 3600 vehicle service activations from Sky Force Technology Inc. These services, to be deployed across several high volume car dealerships located in Southern California, include Stolen Vehicle Recovery and Roadside Assistance programs integrated with advanced software services that provide consumers with direct and real-time information on vehicle status and conditions. \n This order represents the largest single order in the company's history in regards to both service activations and dollar value. Implementation and delivery will be spread out over 2016. IGEN notes that this order is for the provision of m2m mobile services, reflecting the Company's strategic migration to focussing on providing higher margin recurring revenue services. \n Jim Kwon, Director of Marketing and Business Development of Star Shield Solutions, stated, \"We are extremely pleased with the results of our trial announced earlier this year with Nimbo LLC. The trial demonstrated the value of Nimbo's services to our customers, and their ability to deliver the quality and support we require.\" He concluded, \"This success enables us to confidently undertake expansion of Nimbo's services with our dealers across Southern California.\" \n Neil G. Chan, President and CEO of IGEN, added, \"Achieving this milestone is significant for us as it re-affirms key metrics for success in our business model including significant penetration of our services into franchise dealers across North America.\" \n About IGEN Networks Corporation:\n IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company offers a range of self-provisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets. \n IGEN is a fully rep...