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AXcess News: Igen Networks' Focus as Technology Innovator Paying Off(June 08, 2012)
CARSON CITY, NV -- (Marketwire) -- 06/08/12 -- Igen Networks Corporation (OTCQB: IGEN) (PINKSHEETS: IGEN) recent investments in new technology fields are paying off, says IGEN CEO Neil Chan, after two of its recent tech plays showed progress.
Chan, who joined IGEN little more than a year-ago, is considered an innovator in new technology, having pioneered the early adoption of disruptive technologies in more than 45 countries over the last 30 years for such companies as Motorola, Spar Aerospace and Gandalf Technologies Inc.
Shortly after joining IGEN, he set about changing the company's last-mile focus to what Chan calls 'accelerator technologies,' such as cloud-based IT services and remote wireless communications.
Since then, IGEN has invested in Gogiro Internet Group, a provider of cloud-based IT services to small businesses across North America. Thursday, IGEN announced that Giorgio had expanded its services through four new locations, bringing its service center total to 22. The company also unveiled its new "Business Central" cloud-based platform that provides small businesses with bundled services that can be operated from a desktop or mobile phone.
Another of Chan's visionary investments was Instanet, a portable cellular communications system that works in remote areas or where cellular service is non-existent. Instanet debuted its backpack remote cellular system to the nation's First Responders recently, having featured Instanet at the National Police Week convention in Washington, DC.
"Instanet represents a disruptive accomplishment by combining the kind of core network and base station technology that would normally fill a semi-trailer into something you can carry in a backpack," noted Chan.
Chan summed up IGEN's focus on "accelerator technology" investments in the Company's first newsletter in April, saying, "We've laid the groundwork to build a company and a portfolio of investments that delivers real value to our shareholders. We founded this company because we saw firsthand how developing a winning technology company -- and managing a successful exit strategy -- is something a little out of the ordinary."
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