iGen Networks Corp (IGEN)

[JMMatthews]

IGEN Networks Corporation wins award to provide Medallion GPS to New York State Counties

Medallion GPS Fleet Platform with patented "Driver Telematics Signature
June 24, 2022 06:00 ET | Source: iGen Networks Corp.

Lake Elsinore, CA, June 24, 2022 (GLOBE NEWSWIRE) -- IGEN Networks Corporation (OTC: IGEN) (CSE: IGN), a leading innovator of cloud-based and Internet of Things (IoT) solutions for the protection and management of mobile assets, today announced its successful bid to provide IGEN's commercial fleet solution Medallion GPS to New York State Counties. All political subdivisions and districts located in the State of New York 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 behavior 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, CEO of IGEN Networks Corp. 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 bench-mark and reference for other Counties across the US, 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 Corporation
IGEN Networks Corporation 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 Behavior.

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 CSE under the symbol IGN. For more information, please visit: www.igennetworks.net

https://www.globenewswire.com/news-release/2022/06/24/2468614/0/en/IGEN-Networks-Corporation-wins-award-to-provide-Medallion-GPS-to-New-York-State-Counties.html

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