IGEN Networks Corp. (IGEN) is pleased to announce it has signed a "Letter of Intent" with MachLink Corp. (MachLink) to acquire a 100% interest in the company.
MachLink has manufacturing and proprietary technologies in wireless broadband Internet. Other patents include smart video surveillance and data collection technologies. MachLink's unique broadband technology utilizes Ultra High Frequency ("UHF") spectrum, enabling fast deployment of near line of site Broadband Internet, Phone and Data services to rural and underserviced communities.
These innovative technologies are being deployed globally and are finding a unique niche in underserviced markets.
Both IGEN and MachLink look forward to assisting clients with connectivity, data transmission or remote site monitoring issues utilizing these unique state-of-the-art solutions.
Lyle Ewanchuk, MachLink CEO, added, "This acquisition will strengthen the co-operation between both companies thereby increasing their ability to quickly deploy this technology at a time when demand for connectivity is rising rapidly throughout the world."
On behalf of the Board of Directors IGEN Networks Corp. "Robert Nealon"
Chairman of the Board Safe Harbor Statement under the United States
Keywords: Acquisitions, Broadband Internet, Data Transmission, Electronics, Mergers, Technology, Ultra High Frequency, World Wide Web, iGen Networks Corp.
This article was prepared by Telecommunications Weekly editors from staff and other reports. Copyright 2011, Telecommunications Weekly via VerticalNews.com.
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