IGEN Subsidiary Sets New One-Month Sales Record

Spotlight Companies  |

Protecting and tracking valued assets, like vehicles, has become a very profitable and technologically innovative industry. The multi-billion dollar market is measured in units sold and installed. IGEN Networks Corp (IGN:CNX) (IGEN) , a company that offers a range of self-provisioning applications used to manage and recover stolen assets, provide access to roadside assistance programs and improve productivity of commercial fleets, has reached a major sales milestone through its subsidiary.

IGEN Networks Corp.'s wholly owned subsidiary, Nimbo LLC, shipped 1,200 units of a primary product designed for vehicles at new car dealerships in September. Setting a new one-month sales record, this accounts for more than 25% of its total year-to-date shipments.

Nimbo LLC provides robust wireless M2M solutions specializing in providing integrated GPS tracking and vehicle warning solutions for various markets. Earlier this year, the subsidiary partnered with Star Shield Solutions LLC and Sky Force Technology Inc. to launch automotive dealership programsin Southern California.The dealership tracking car dealer program is designed to assist dealers in managing their new and used inventory as well as keeping track of their loaner vehicles.

This news continues IGEN’s recent winning streak. Earlier this month, IGEN gained PRM status within the Verizon Wireless (VZ) Partner Program. What makes the newly set sales record so impressive, though, is that those sales were made prior to IGEN gaining PRM status. Also, the company’s Canadian publicly listed stock was recently added to the CSE Composite Index.

In the past year, IGEN Networks has shown significant progress within their sector. The company’s continued success and growth marks their place as a worthy competitor in the vehicle recovery market.

For more information about IGEN Networks, visit www.igen-networks.com.

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