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New York City should be one of the first rollouts for the county executives, they are already preparing trial runs there. The County budget for NYC was 89 BILLION dollars in 2019. That's like having an exclusive government contract with the entire country of Ireland. And that's 1 county out of the 700 possible.
Thought this was a good and simplified article on what the county executives actually do. It's a big deal to have an exclusive 3 year partnership with them, and executive members of the CEA as board members for IGEN.
"County executives manage county finances. This starts with establishing an annual budget. They collect information about expected revenue, much of it from property taxes, and use the figures to build a budget. County executives determine how much to spend for each county department, program and project."
We have Michael Griffin who is the Executive Director for the CEA, on our advisory board. Robert Nealon is General Counsel for the County Executives, also serves as Chairman of the Board of Directors for IGEN.
https://work.chron.com/duties-county-executive-23759.html
The reason I initially invested here was because of the County Executives partnership. I did not know Mike Griffin was a member of the advisory board. Amazing.
They said they were pursuing more creative and shareholder friendly forms of financing, and it appears that's exactly what they've done.
Hold onto your shares folks, Chan is dead serious about taking IGEN to the next level.
Thank you for that explanation.
Not sure what this means. IGEN is already a public and SEC reporting company. Unless they are merging with a private company and forming a new entity? I thought s1 registration was for a company doing an IPO.
It's a beauty for sure.
They're updating everything except for their new publicly traded stock ticker lol
Moving back up Most Read and Most Posted boards.
Epic week is just starting here.
The more I hear about this team the more excited I get. John O'Donovan is a beast!
Nice DD and valuations. Certainly huge potential here. Thanks for sharing. I for one am staying put because I personally witnessed this run to .50 cents in less than 3 hours intra-day. That was pretty shocking but really was just a taste and a hat-tip of the true value here.
And what companies are having record quarters during the height of the pandemic? Oh, yes, the ones that have quickly changed their business models to specifically capitalize on Covid-19 by selling shields, masks, wands, quicklabs, etc. And that's fine, hats off to them for being able to adapt and thrive.
But please don't dis a company just because it didn't jump on the covid bandwagon.
I like record quarters not duds you see
Yes you did!
Aside from the slow updates, I can't find any negatives with this company. I actually rather enjoy their social media updates.
And a very well rounded board too. Mark Wells has the manufacturing connections, Robert Nealon has the government connections, and Robert Friedman is...just a billionaire! with huge influence throughout NYC
Golden cross next week, followed by another form 7 the following week, not including any monster PR's that could very well drop. IGEN looking real good heading into September.
Also, got this email from Neil awhile back regarding the T-Mobile relationship.
-------
Sprint IoT Factory is being updated now and the Tmobile IOT site will be run by the same executive at Sprint, so it looks like there will be two product portfolios marketed through the SMB channels.
Neil
This from the form 7 seems to support that.
9. New developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription
lists and trade-marks
Ecommerce brand being developed for independent sales along with T-Mobile Ecommerce initiative for re-launch of IoT Factory
It seems they have very close ties to eDot invest, a VC/incubator company based in Ireland. 3 of eDot's top executives are directors for TDS, including the CEO. With these connections, I don't they'll have trouble attracting investors once TDS goes public.
Alan Devlin
Alan Devlin is a pioneer in the digital media space, having set up and successfully exited a number of top digital business’ over the past 20 years. As commercial director of Webfactory he built the largest digital agency in Ireland which he exited in 2015 to found eDot Invest www.edotinvest.com a new digital industry VC / Incubator which has access to funds of over 20 million euro. Alan has been the recipient of a multitude of awards in the digital industry and has a number of other digital industry investments in both local and international markets.
The dip already happened and is done.
Yes pretty impressive resumes for their directors along with the executives.
John O'Donovan
Former CTO of Products and Platforms across the Dow Jones, Wall Street Journal, Market Watch, Barrons and Financial News Brand. He also was CTO of the Financial Times. John was instrumental in building ground breaking products such as BBC iPlayer.
Alan Devlin
Technology investor and co-founder of eDot. Former founder and director of Webfactory, Ireland’s largest digital agency. Building global tech assets for 21 years. Alan is a renowned Irish entrepreneur, with powerful networks in Ireland and globally. He is a thought leader and a sought-after speaker.. Alan has been at the core of the digital industry since he began his career in 1996.
Robert Mbom
Investment banker and senior advisor to many government and business leaders on key national issues such as security, economic development, stability and strategic planning. Advised on the design and creation of a sovereign wealth fund to catalyse the development of a national technology sector. Robert has a powerful network of senior international contacts.
Exactly right, homeruns will be coming, for those with a little patience. New contracts don't instantly turn into revenues. Rolling out to 700 counties and hundreds of credit unions doesn't happen overnight, but it IS happening. The big revenues will come, and I can wait.
"The Company announced an exclusive and multi-year Nationwide Partnership Agreement with County Executives of America representing 700 Counties with over 450,000 self-insured commercial assets."
"The Michigan Credit Union League (MCUL) represents 100% of the 245 credit unions
headquartered in the State of Michigan. Michigan credit unions have over 5 million members
statewide and collectively, over $55 billion in assets. We have over 1,000 branches located in
communities across the State of Michigan."
Yes may also just be really busy, which is a good sign as well
I don't think so, with all the positive recent developments, I would think he would be more communicative. There is a reason for his silence and it's a good one imo
It's go time!
I've been in regular email communication with Neil since March. Lately he hasn't responded to several emails I've sent, which is unusual. I'm thinking some type of NDA may be in effect.
Good to know, thanks for sharing
When 99 technologies is officially folded in is when things will get real interesting. 99 tech is seeing a huge increase in revenue this year, obviously a direct result of covid, but almost 1000% increase in revenue would never happen unless this technology was proven effective and safe. Also, they are expanding now to the United States where the market is ripe for this kind of tech, as someone else pointed out there really isn't anything quite like this on the market right now. If this technology can gain recognition as being safe, effective, and superior to other solutions, it will outlast the pandemic. They could easily double their revs with expansion throughout the US.
It's not surprising they spent money releasing a new platform with their patented algorithm. What IS surprising is they doubled their gross margin from a year ago.
Great article. Great example of the value of IGEN's technology. Neil's entire career has led up to this point. He's a pioneer in this field. Highly doubt he will drop the ball here.
No worries man, the existing stickies are great and have all the relevant DD needed.
Thanks! That's not an old article either, just came out yesterday, and IGEN checks all the boxes covered in that article. Like I said right place at the right time.
Just came across this article on the global vehicle telematics market. IGEN is in the right place at the right time.
https://www.marketwatch.com/press-release/vehicle-telematics-market-set-to-reach-us-23163-billion-by-2025--by-type-application-technology-emerging-trends-recent-developments-business-competitors-growth-factors-opportunity-2020-08-14
"Some of the major players of the global vehicle telematics market are ETAS Group, OnStar Corporation LLC., WebTech Wireless Inc., AirIQ Inc., Qualcomm Inc., Agero Inc., DigiCore Holdings Ltd., Trimble Transport & Logistics, Wireless Matrix Corporation, and many others. However, other players such as General Motors as well as BMW are likely to be key service providers in the global vehicle telematics market. In addition, Toyota, PSA, Renault, Hyundai, Audi, Volkswagen, Volvo is some other players who offering wide-ranging embedded vehicle telematics. Furthermore, Asia Pacific region is anticipated to grow with a significant growth rate during the predicted period due to growing disposable income in India and China. "
Interesting to note that Neil was the Senior VP of worldwide sales and marketing for Webtech Wireless prior to IGEN. I'm pretty sure Neil knows what the hell he is doing within this sector.
Good analysis. From a purely technical standpoint, this is one of the best looking bullish charts in the entire OTC imo.
Here come the bi-polar schizos, just like clockwork. Always a good sign