AirIQ Selects KORE for M2M Network
February 20 2014 - 8:27AM
Marketwired
AirIQ Selects KORE for M2M Network
TORONTO, ONTARIO--(Marketwired - Feb 20, 2014) - 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.
AirIQ Inc.Donald GibbsPresident and Chief Executive Officer(905)
831-6444, Ext. 4255dgibbs@airiq.comwww.airiq.com
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