VANCOUVER, Jan. 23, 2012 /CNW/ - IGEN Networks Corporation (IGEN: OTCBB) and privately held Machlink Corporation are pleased to announce definitive agreements for both distribution and the purchase of equity between the companies. Consistent with their respective business plans and for the mutual benefits of both companies, IGEN and Machlink will work together to market a wireless extension of HFC broadband infrastructure along with M2M video analytic solutions for enterprise and commercial markets. IGEN will acquire an 8% equity position in Machlink and distribution rights for its product line. Further details will be disclosed in the IGEN 8K filing.
Machlink Corporation is a market leader in the wireless communication industry, dedicated to providing customers with leading edge communication and data services. MachLink offers "best in class" broadband technology including high speed broadband wireless internet, digital phone service, wireless telephone service, multi-channel digital TV, FM radio and the latest addition to the technology suite includes a smart video solution. www.machlink.ca
IGEN applies capital and best-in-class business practices to integrate technologies, expand distribution channels, and drive growth through its product portfolio and strategic partner companies. The company seeks out synergistic technologies that bring together broadband infrastructure solutions to facilitate the delivery of SaaS (Software-as-a-Service) re-occurring revenue model. These integrated solutions target commercial markets and small to medium size businesses throughout North America, Latin America, and the developing nations: www.igen-networks.com
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