IQ AirIQ Inc

AirIQ Inc. (the "Company" or "AirIQ") (TSX VENTURE:IQ), a supplier of wireless
location-based services, today announced the signing of an agreement with KORE
Wireless Canada Inc. ("KORE") for wireless M2M connectivity throughout North
America and Europe. Under the agreement, AirIQ may now offer its customers
access to one of the most comprehensive and scalable global networks available,
enabling GSM, GPRS and CDMA M2M applications.


"KORE offers the best in coverage, choice and reliability in M2M connectivity",
stated Donald Gibbs, President and Chief Executive Officer of AirIQ, "which will
allow AirIQ to deliver the most advanced and reliable GPS technology and
services to its customers. KORE's diversity means multiple customizable
technologies for AirIQ's subscribers depending on their individual usage and
needs," continued Mr. Gibbs.


The agreement with KORE is important to AirIQ and its customers as it sets the
groundwork for a smooth transition from one network to another as technologies
change and advance enabling more powerful M2M applications.


"We are excited at the opportunity to help AirIQ extend the productivity and
value of its customers' assets," said Robert Metzler, Executive Vice President,
Sales and Marketing, KORE. "Any M2M solution requires consistent geographic
coverage, redundant architecture and a multiplicity of network options available
in a single resource in order to perform 'as designed,' and AirIQ's growing base
of service fleets, rental firms, auto dealers and asset management companies can
rest easy knowing that's what they'll get every time with KORE inside."


About KORE Telematics

KORE is the world's largest wireless network provider specializing exclusively
on the rapidly expanding global machine-to-machine (M2M) communications market.
Providing unified control and management for cellular and satellite network
service delivery in more than 180 countries worldwide, KORE empowers its
application, hardware and wireless operator partners to efficiently deliver M2M
solutions for connected devices across the globe. M2M applications in industries
as diverse as healthcare, utilities, enterprise IT, transaction processing and
fleet management rely on the KORE network to deliver operational efficiencies
and cost-savings. KORE offers a range of technologies - including GSM, HSPA,
CDMA EV-DO and LTE, as well as satellite services - that ensure the greatest
possible reliability and coverage. For more information, please visit
www.koretelematics.com.


About AirIQ

AirIQ currently trades on the TSX Venture Exchange under the symbol IQ. AirIQ's
office is located in Pickering, Ontario, Canada. The Company offers a suite of
asset management services that generate recurring revenues from each device
deployed. AirIQ delivers services to two primary markets: Commercial Fleets and
dealers that service Consumer segments. AirIQ provides vehicle owners with the
ability to monitor, manage and protect their mobile assets. Services include:
instant vehicle locating, boundary notification, automated inventory reports,
maintenance reminders, security alerts and vehicle disabling and unauthorized
movement alerts. For additional information on AirIQ or its products and
services, please visit the Company's website at www.airiq.com.


Forward-looking Statements

This news release contains forward-looking information based on management's
best estimates and the current operating environment. These forward-looking
statements are related to, but not limited to, AirIQ's operations, anticipated
financial performance, business prospects and strategies. Forward-looking
information typically contains statements with words such as "hope", "goal",
"anticipate", "believe", "expect", "plan" or similar words suggesting future
outcomes. These statements are based upon certain material factors or
assumptions that were applied in drawing a conclusion or making a forecast or
projection as reflected in the forward-looking statements, including AirIQ's
perception of historical trends, current conditions and expected future
developments as well as other factors management believes are appropriate in the
circumstances. Such forward-looking statements are as of the date which such
statement is made and are subject to a number of known and unknown risks,
uncertainties and other factors, which could cause actual results or events to
differ materially from future results expressed, anticipated or implied by such
forward-looking statements. Such factors include, but are not limited to,
changes in market and competition, technological and competitive developments
and potential downturns in economic conditions generally. Therefore, actual
outcomes may differ materially from those expressed in such forward-looking
statements. Forward-looking statements are provided for the purpose of providing
information about management's current expectations and plans relating to the
future. Readers are cautioned that such information may not be appropriate for
other purposes. Other than as may be required by law, AirIQ disclaims any
intention or obligation to update or revise any such forward-looking statements,
whether as a result of such information, future events or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AirIQ Inc.
Donald Gibbs
President and Chief Executive Officer
(905) 831-6444, Ext. 4255
dgibbs@airiq.com
www.airiq.com

AirIQ (TSXV:IQ)
Historical Stock Chart
From May 2024 to Jun 2024

AirIQ (TSXV:IQ)
Historical Stock Chart
From Jun 2023 to Jun 2024