MURRIETA, Calif., Aug. 08, 2016 (GLOBE NEWSWIRE) -- IGEN Networks Corp. (the “Company” or “IGEN”) (OTCQB:IGEN) (CSE:IGN), announces that its wholly owned subsidiary, Nimbo LLC (“Nimbo”), has activated in excess of 3000 vehicles over the last 30 day period – close to 100 activations per day – as part of the successful fulfilment of previously announced orders received through the Company’s Verizon partnership channels. Subsequent provisioning of additional consumer services for new vehicles sold across automotive dealerships that have Nimbo devices pre-installed has already begun generating additional high margin revenue, and is expected to continue to do so throughout the balance of 2016. Nimbo products and services include vehicle telematics hardware and Smart Phone-based applications integrated with SVR Plus (Stolen Vehicle Recovery), and SVR Platinum (24HR Roadside Assistance) services, all of which provide consumers with direct and real-time information on vehicle status and driver behaviour.
Neil G. Chan, President and CEO of IGEN, added “Achieving this milestone is significant for us as it re-affirms our strategy of leveraging the Verizon sales and marketing programs to gain access to much larger franchise dealerships across the country. The rate of new car activations and installations have increased several-fold since the launch of our Smart Phone-based applications through our Verizon partnership channels”.
About IGEN Networks Corporation:
IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company offers a range of selfprovisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets.
Forward-Looking Statements
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