IGEN Launches Industry's First Consumer Brand Product "FamilyShield" to protect Young Drivers
April 05 2021 - 6:00AM
InvestorsHub NewsWire
Lake
Elsinore,
CA -- April 5, 2021 -- InvestorsHub
NewsWire -- IGEN
Networks
Corporation (OTCQB:
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
the nationwide
launch of
the industry's first consumer brand
product
designed to
protect families and their young drivers.
American roads are a dangerous place
for young drivers between the ages of 16-19
years old with 6-8 young motorists dying each day
from
traffic accidents
across the
nation. During the last
five years
there were more than 9M licensed drivers age
19 or
younger driving on American
roads,
the average fatalities for those aged 19 or younger
during this
period has
reached a national average of
1.5
per 10,000
young
drivers.
"Licensed drivers age 19 or
younger are the highest risk
segment for
fatalities
and injuries as reported by the National Highway Traffic
Safety
Administration. These statistics
created
the
impetus
for a
solution -
what if we
could reduce these
fatalities
by changing the young driver's behavior?
Whether
it is speeding or erratic driving, we can now offer a real-time assessment
of the young driver's behavior
behind the
wheel of the family vehicle," said Neil G.
Chan, CEO of IGEN Networks
Corporation.
FamilyShield was created to save
young
lives. Based on
IGEN's Next Generation
Platform,
FamilyShield is designed with the patented "Driver
Signature" algorithms that offer
accurate
measurement of a driver's behavior along with
real-time alerts on speeding, crossing of location boundaries, along with
providing
a
record of
driving
behavior over an extended period. Designed to be tamper
proof
for the
adventurous
teenager, FamilyShield
provides peace-of-mind,
security, and safety for families
and
their
young drivers.
FamilyShield
is based
on the Amazon Web Services
(AWS)
Infrastructure
designed
for scalability, security, and performance. The
FamilyShield Platform operates with
a
self-installed plug-n-play unit
for any make or
year of vehicle that is managed from a mobile app. Whether the young driver is speeding
or crossing location boundaries, FamilyShield creates a record and
sends notifications to family members of key events
including the attempted tampering of
the
unit. Compatible and
portable
for any type of passenger
vehicle,
FamilyShield data is secure
and
private, available only to
designated
family members.
FamilyShield is sold online for a one-time purchase of
$129
and $9.99 per
month with
no contract obligation and one year warranty
on
the
plug-n-play unit with
services.
For more
information or online purchase of
FamilyShield please visit: www.familyshieldtracking.com
About
IGEN Networks
Corporation
IGEN Networks
Corporation creates software
services
for the consumer automotive and asset
management
industries enabling their customers to better manage
their
assets
and protect their
families.
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
Forward-Looking
Statements
This news release may
contain
forward-looking statements or
forward-looking information
within the
meaning of the U.S. Private Securities
Litigation
Reform Act of 1995 and Canadian securities
law. The terms and phrases "goal",
"commitment", "guidance",
"expects", "would", "will",
"continuing",
"drive", "believes", "indicate", "look
forward", "grow", "outlook", "forecasts",
"intend", and
similar terms and
phrases are intended to identify these
forward-looking statements.
Forward-looking statements are based on
estimates and
assumptions
made by IGEN in light of its experience and its
perception of historical trends, current
conditions and
expected future
developments, as well as other factors that
IGEN believes are appropriate in
the circumstances, including but
not
limited
to
statements
regarding investment liquidity, financing options
and long term goals of the Company,
general economic
conditions, IGEN's
expectations regarding its business,
customer base, strategy and prospects,
and
IGEN's
confidence in the
cash
flow
generation
of its
business. Many factors could cause IGEN's actual
results, performance or achievements to
differ materially
from those
expressed or implied
by
the
forward-looking statements, including, without
limitation: risks related to
competition; IGEN's reliance on
key personnel;
IGEN's ability to maintain and enhance
its brand; and difficulties in
forecasting IGEN's
financial results,
particularly over
longer
periods given the rapid technological changes,
competition and short product life
cycles that characterize
the mobile
application industry. These risk factors and
others relating to IGEN that may cause
actual results to
differ are set
forth in the under the heading "Risk
Factors" in IGEN's periodic filings
with
the British Columbia
Securities Commission and the
U.S. Securities
and Exchange Commission (copies of
which filings may be obtained at
www.sedar.com or
www.sec.gov. These factors
should be considered carefully, and
readers should not place undue
reliance on IGEN's forward-looking
statements. IGEN has no
intention
and undertakes no obligation to update or
revise any forward-looking statements,
whether as a result of
new
information, future events or otherwise, except as
required by law.
Contact:
IGEN Networks Corporation
Email: info@igennetwork.net
Call Us:
(855)912-5378
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