IGEN (OTC: IGEN), a leading innovator of asset management and supply-chain solutions, together with its exclusive technology partner Prolog, announced the development of the industry’s first artificial intelligence (“AI”)-based commercial fleet solutions. The companies have chosen four categories of software algorithms (including sensor data analysis, route optimization, predictive maintenance, and driver behavior analysis), the manufacture and development of low-cost AI video cameras, and finally the financing of these initiatives through the recently announced reverse-split of IGEN’s issued and outstanding shares. “Developing AI capabilities into our software platforms is an integral part of our patent portfolio, and we will be the first to deploy these capabilities in the commercial fleet industry,” said Neil G. Chan, CEO of IGEN. “The recent announcement for the 10:1 reverse-split of our issued and outstanding shares will be an important part of our ability to execute and claim industry leadership. The re-structuring of debt and capital will enable us to re-finance in a meaningful way on a non-dilutive basis.”
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About IGEN Networks Corporation
IGEN creates software services for the consumer automotive and commercial asset management industries enabling their customers to better manage their assets and protect their drivers. IGEN is a fully reporting company in the United States and publicly traded on the OTC Markets under the symbol IGEN. For more information, visit www.IGENNetworks.net.
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