Lake Elsinore,
CA
-- May 3, 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
acceptance
of its Patent Application
No.
16/387,858 - "Method and System for Creating
Driver Telematic Signatures" by the United States
Patent Office (USPTO).
The Digital
Telematics
Signature (DTS) is comprised of proprietary
algorithms designed to measure driver
behavior for both commercial and consumer
markets
regardless of the data sources. Whether driving in
high-density
traffic
or
at
high
speeds over the expressway, the data is normalized across a
relatively
large sample to create a consistent
and accurate driver profile based on
actuarial
metrics. With programmable
weighting of
driving events such as speed, sudden-braking,
harsh-turns, traffic flow,
and
vehicle
profiling, a "DTS" or weighted score is created
over an extended
period-of-time.
"The premise for this patent is to establish
an
industry
standard
for assessing driving behavior regardless of its data
source, whether it's a commercial
truck
driver,
a teenage
driver,
or an autonomous
vehicle
using
AI
imaging, our algorithms
will normalize
the multitude of driving data to derive a
unique signature or score
for
the
driving
patterns
of a commercial or consumer automotive
vehicle," said Neil G.
Chan, CEO of IGEN Networks
Corporation.
IGEN's Next-Generation
Platform incorporates
the DTS
algorithms for both commercial and
consumer markets.
Built on Amazon's Web Service
(AWS)
infrastructure
and based
on
state-of-the-art
coding methodology, the Next-Generation Platform
leverages Facebook and Google design
techniques to present a seamless
user
interface regardless of access
methods
including
smartphones, tablets, desktops,
and
third-party application
environments.
The AWS
infrastructure
offers
reliability, security, and scalability to support millions
of users
or assets and an Application
Programming Interface (API) friendly environment that
adapts to a broad range of data
sources to
support the changing needs of
consumer
and
commercial customers.
About
IGEN Networks
Corporation
IGEN Networks
Corporation creates software
services
for the consumer automotive and commercial
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