IGEN Files Patent Pending for Creating Real-Time Driver Telematics (DTS) Signatures for Autonomous Vehicles

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iGen Networks Corp.

Lake Elsinore, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) — IGEN Networks Corporation (OTC: IGEN) (CSE: IGN), a leading innovator of cloud-based solutions and the Internet of Things (IoT ) for the protection and management of mobile assets, today announced the filing of patent pending application No. 17/850,258 – “Method and System for Creating Real-Time Driver Telematics Signatures” with the United States Patent Office (USPTO).

IGEN’s patent application No. 17/850,258 further strengthens IGEN’s patent portfolio by doubling the number of patent claims to more than 40 items related to the assessment of driving behavior and habits, whether the driver either a person or a self-driving vehicle. The Digital Telematics Signature (DTS) is comprised of proprietary algorithms designed to measure driver behavior for commercial and consumer vehicles, regardless of data sources. Patent Application No. 17/850,258 expands the “Big Data” data set to include many external elements that affect driving behavior, including weather conditions, population density, and vehicle condition. Whether you’re driving in heavy traffic or at high speeds on the highway, the data is normalized over a relatively large sample to eliminate gross errors and create a consistent and accurate driver profile based on actuarial measurements. With programmable weighting of driving events such as speed, hard braking, sharp turns, traffic flow, and vehicle profiling, a “DTS” or weighted score is created and updated in real time or on a long period of time in accordance with actuarial standards.

“The principle of Driver Telematics Signatures is to establish an industry standard for evaluating driving behavior regardless of its data source, whether it is a commercial truck driver, teenage driver or even of autonomous vehicles using AI imaging and sensors, our algorithms will normalize the multitude of driving data and eliminate gross errors to derive a unique signature or score for a driver’s driving habits and habits or self-driving vehicle,” said Neil G. Chan, CEO of IGEN Networks Corporation.

IGEN’s next-generation platform integrates DTS algorithms for commercial and consumer markets. Built on Amazon’s Web Service (AWS) framework and based on state-of-the-art coding methodology, the next-generation platform leverages design techniques from Facebook and Google to present a seamless user interface. regardless of access methods, including smartphones, tablets, desktop computers, and third-party application environments. AWS infrastructure provides reliability, security, and scalability to support millions of users or assets and an easy-to-use application programming interface (API) environment that scales to a wide range of data sources to meet the changing needs of consumer and commercial markets.

About IGEN Networks Corporation
IGEN Networks Corporation creates software services for the consumer automotive and commercial asset management industries that enable 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 listed on the OTC markets 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 press release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities law. The terms “goal”, “commitment”, “direction”, “expects”, “would”, “will”, “will”, “will”, “will”, “lead”, “believe”, “indicate”, “expect with forward”, “grow”, “outlook”, “forecast”, “intention” and similar terms and expressions are intended to identify such forward-looking statements. Forward-looking statements are based on estimates and assumptions made by IGEN in light of its experience and perception of historical trends, current conditions, and expected future developments, as well as other factors that IGEN deems appropriate in the circumstances, including, but not limited to statements regarding the liquidity of investments , the Company’s financing options and long-term objectives, general economic conditions, IGEN’s expectations regarding its business, customer base, strategy and prospects, and IGEN’s confidence in the generation of cash flow from its activity. 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: competitive risks; IGEN’s dependence on key personnel; IGEN’s ability to maintain and improve its brand; and difficulties in predicting IGEN’s financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile applications industry. These and other risk factors relating to IGEN that may cause actual results to differ are discussed under the heading “Risk Factors” in IGEN’s periodic filings with the British Columbia Securities Commission and the US Securities and Exchange Commission (copies of which may be obtained at www.sedar.com or www.sec.gov. These factors should be carefully considered and readers should not place undue reliance on IGEN’s forward-looking statements. IGEN has not no intention and assumes no obligation to update or revise IGEN’s forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. required.

Contact:

IGEN Networks Society
E-mail: [email protected]
Call us: (855)912-5378

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