Sunday, November 08, 2020 7:55:57 AM
Most people have privacy concerns with these technologies because oftentimes it requires your phone to track you. Igen uses hardware that plugs directly into the car, so it alleviates that concern. Igen is nice because the person who has it installed on their car, can do so independently without going through their insurance company, if that's what they wanted to do. They then can download software on their computer/phone to monitor their asset. They have the ability to know when the car is turned on, limit the speed of the vehicle (for example they have a teenage driver, or they dropped the vehicle off to the mechanic), remotely turn the engine off, and view critical information about the car/engine and how it is running. There is more but that gives an idea.
In short, no we did not buy our tech from anyone else. The actual units are outsourced but the software was developed here. In fact I believe Mark Wells (if that's the wrong name someone correct me) is the head of the company we outsourced from for the physical part, and he is on Igen team as well. So we get a % discount on every unit we purchase to sell. Igen as a company is about more than just the technology.
It seems they have plans to be more than just a seller/distributor of the product. Some here have posted about hidden webpages on their site, and some have gone as far to say they believe Igen is preparing to be the next AAA type roadside service. They would be able to know your location right away, and also know some of the information about what may be wrong with the car if it is still running.
Pretty exciting!
I am happy to be a part of this for a few reasons.
Recent IGEN News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 05:30:35 PM
- IGEN Achieves Milestones and provides updates on Key Initiatives • InvestorsHub NewsWire • 02/05/2024 11:00:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:07:43 PM
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM