IGEN Portfolio Company, MachLink, Deploys Video Analytic Technology for Oil Industry
MachLink's Intelligent Video System Enables Alberta Oil Company to Meet Environmental Standards
(firmenpresse) - WASHINGTON, DISTRICT OF COLUMBIA -- (Marketwire) -- 10/10/12 -- MachLink Corporation ("MachLink"), a product portfolio company to IGEN Networks Corporation ("IGEN" or "the Company") (OTCQB: IGEN), the industry leading technology accelerator, has deployed its proprietary video analytics technology in a surveillance system for an oil and gas company in Fort McMurray, Alberta. This uniquely designed system enables the company to satisfy its environmental requirements by monitoring bird population patterns and ensuring bird protection, without human intervention or disruption of natural habitats.
MachLink's deployment of this proprietary technology transforms ordinary video cameras into a system of intelligent surveillance instruments. Each camera in the system network is capable of not only observing but evaluating movement - recognizing specific movement patterns and filtering out unnecessary data - and alerting workers in the case of a mission critical incident. With the use of Solar Power and German fuel cell technology, the unit is self-powered and emits only potable water as a by-product.
"This is a huge success for MachLink Corporation and its investors," says MachLink's CEO and president, Fred R. Munn. "And this is just the beginning, as there are so many potential applications for our breakthrough video surveillance system. The transportation industry requires security surveillance to track perimeter crossings and speed on airport tarmacs; oil and gas companies require pipeline leak detection to prevent massive environmental disasters; and any company that must satisfy the increased legislated requirements for wildlife protection will benefit from our 'smart video' system."
"We are proud of MachLink's success and tremendously excited about the traction they now have to deploy their cutting edge solution into large-scale companies in several industries," added Neil Chan, CEO of IGEN Networks. "From security to safety to environmental monitoring, this technology is capable of changing the video surveillance industry as we know it today."
About IGEN Networks Corporation
IGEN is a technology accelerator providing capital, management expertise, and specialized skills to drive growth in privately held technology companies. IGEN focuses these resources in complementary technology segments that include specialized wireless broadband infrastructure designed for specific vertical markets, cloud-based Software-as-a-Service (SaaS), and Machine-to-Machine (M2M) applications built to create residual revenue business models. IGEN mitigates operational risk through proven experience, a best-in-class support network, and access to world markets. Watch IGEN's .
IGEN is a fully reporting company in both Canada and the United States, where it is publicly traded on the OTC market and quoted on the OTCQB. For more information, visit .
About MachLink Corporation
Through the application of video analytics, MachLink Corporation transforms video cameras into devices that observe, evaluate and alarm mission critical incidents in industrial and outdoor environments.
In addition, MachLink develops wireless broadband solutions for under-serviced rural Internet users. The company offers high-speed wireless broadband and Internet services to homes, offices, and remote industry sites and camps.
For more information, visit .
Forward-Looking Statements
This news release may contain forward-looking statements 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", 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 general economic conditions, IGEN's expectations regarding its business, 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 IGEN's periodic filings with the U.S. Securities and Exchange Commission (copies of which filings may be obtained at or ). 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.
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Datum: 10.10.2012 - 13:00 Uhr
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