iGen Networks Corp (IGEN)

[kayak_wench]

The fact they had applied for another patent was known since the Jun Form7. So I wouldn't really call this news but it is a nice PR that gives us some details.

I still feel this patent 'improvement' is a response to the completion of the due diligence on patent infringements. Meaning I think the outcome of the review by lawyers to see if IGEN can claim infringement was that they needed to strengthen their patent portfolio before pursuing anything legal. I'm saying this because the name of the patent is the exact same but they through in the word 'Real-Time'. The first patent was also a real-time application so its not to differentiate it. I think it is patenting the same concept but making it stronger. That should help it get approved without someone else getting a patent for the same thing before us.

As for how long to wait it takes between 1.5 to 2 years to get a patent if things go well. The first patent 'Method and System for Creating Driver Telematic Signatures' was submitted on 04/18/2019 and approved on 05/26/2021. Companies can request and pay for expediting review but I have never seen an OTC company do that. I think that can shave off 6 months. But its not really needed because the patent pending provides protection as long as they eventually get the patent eventually.

From may form7

Due diligence on possible patent infringements to be completed in Q2

From jun form7

Preliminary patent filings were accepted by the US Patent Office for DTS augmentation

From jul form7

Patent-pending filing was accepted by the US Patent Office for DTS augmentation – assigned to IGEN Networks Corporation and recorded as of August 4, 2022