IGEN upcoming catalysts from the form 7
- S-1 filing for potential uplifting coming soon
- Ecommerce platform to be developed with Shopify
- Updating all three IGEN brands for T-Mobile Ecommerce initiative
- Ecommerce brand being developed for independent sales along with T-Mobile Ecommerce initiative for re-launch of IoT Factory
- Augmenting T-Mobile sales channels with newly appointed distributors
- Next-Generation Platform launch scheduled for August with final cut-offer within 30 days from Commercial Ready Status
- Medallion GPS Pro trials expected to commence in August <-- As we speak
- Preparing for trial deployments of Medallion GPS PRO targeting New Castle County, Albany County, New York, and Leehigh County
- 10Q filing
We should be getting the Final Cut of the Next Generation Platform fairly soon. Once that is established, I believe IGEN will have true potential to start announcing major deals with Insurance companies, Auto makers, other Wireless Carriers, and directly to the consumer via Shopify. Major things in the works here and it just takes a little vision to see the potential of our Patented Telematics algorithms. Data is the future. Therefore, if you have a very accurate way to score driver behavior, that is superior to what is currently on the market, and it is patented, then that company is in the right sector at the right time. IGEN has that tech and that is why our CEO said;
"Representing a culmination of several years of development, IGEN's "DTC" is incorporated in its latest mobile app along with real-time alerts for both the consumer and their family," said Neil G. Chan , CEO. "In providing Peace-of-Mind for parents, the "DTC" score becomes a valuable tool for managing teenage driving habits…eventually we believe consumers and their families will opt to provide access of this information to insurers and underwriters for reduction in premiums. Presently there are several major insurers who offer as much as 30% discount on insurance premiums if the consumer agrees to be tracked from their phone or through a GPS device. IGEN is taking the data analytics to the next level."
Sales should be back to normal per the recent Form 7 as well
Corona virus has had material impact on immediate sales through automotive dealerships across the US. Conversely with the build-up of whole-sale inventory of pre-owned vehicles and the government subsidies available to credit unions, Company expects new sales to normalize during second-half of 2020
