LAS VEGAS, May 10 /PRNewswire-FirstCall/ - Mr. Richard Gilbertson reports:
IGEN Networks Corp. (IGEN) is pleased to announce that IGEN has signed an exclusive distribution license agreement with Machlink Inc. (MLI) for rights to its existing patent pending and proprietary technology in wireless broadband Internet. MLI's's unique technology, utilizing Ultra High Frequency ("UHF") spectrum, permits deployment of high-speed Internet, Phone and Data services to rural communities. The agreement covers an exclusive license in most countries in Asia and Central America and a non exclusive license in Europe, Canada, Africa and the United States.
IGEN's CFO Richard Gilbertson noted that "developed nations, especially urban areas, once enjoyed a significant communications and related business advantage. How could you run an international business from a remote location, without connectivity to the rest of the world? With reasonably priced connectivity, one can argue that rural areas and developing nations may soon have an economic advantage, as a place to do business. Two main reasons for this are minimal stranded costs and lower cost to operate in rural areas."
IGEN has identified a demand for Internet connectivity in the remote global areas and realizes broadband is now a recognized force. This is similar to the communications revolution brought about by introducing wireless telephone services to much of the world, previously unavailable through traditional wired technology. Broadband has permitted the proliferation of Voice-over Internet Protoco
|SOURCE iGen Networks Corp.|
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