AirIQ Announces Initial Shipment to Major Rental Company's International Division
March 03 2014 - 5:00PM
Marketwired
AirIQ Announces Initial Shipment to Major Rental Company's
International Division
TORONTO, ONTARIO--(Marketwired - Mar 3, 2014) - AirIQ Inc.
(TSX-VENTURE:IQ) is pleased to announce that it has made its first
shipment to the international division of its existing major North
American rental customer. A blanket contract with this rental
customer was signed and announced in May, 2013, and AirIQ has been
shipping units since that time to the customer's operations in
Canada and the United States.
"The expansion to
the rental customer's international division signifies their
commitment and satisfaction with the AirIQ solution," said Donald
Gibbs, President and Chief Executive Officer of AirIQ. "We are
thrilled to have been chosen as their GPS service provider and look
forward to nurturing a long and prosperous relationship," continued
Mr. Gibbs.
AirIQ's recently
announced agreement with KORE Wireless Canada Inc. enables M2M
connectivity on a global basis, and will thereby support AirIQ's
expansion to customers on an international basis.
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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