AirIQ Inc.
TSX : IQ

AirIQ Inc.

November 07, 2007 07:00 ET

AirIQ Appoints New Vice President, Technology to Promote Quality Disciplines

TORONTO, ONTARIO--(Marketwire - Nov. 7, 2007) - AirIQ Inc. (TSX:IQ), a leader in Wireless Location-Based Services, specializing in Telematics and Security, today announced that it has appointed Brian Bowyer to the role of Vice President, Technology.

"We are bringing Brian on board consistent with the need to meet new and anticipated demands from our telematics customers. This natural transition in our industry was described at our shareholder meeting held at the end of June," said Steve Willey, President and Chief Executive Officer. "Brian not only brings over 25 years of experience in vehicle electronics and integrated systems, but also provides a focus on total quality management and 6 sigma processes."

"AirIQ has invested in the core infrastructure and is well positioned to respond to growth in the telematics marketplace," said Brian Bowyer. "Over the past several years I have had the opportunity to take other companies through very rapid growth phases and am eager to apply this expertise to AirIQ."

Prior to joining AirIQ, Brian's experience included:

- Development of high performance processing solutions for in-vehicle systems as VP Engineering and Program Management at DY 4 Systems; (Curtiss-Wright Controls);

- Product Line Program Management for vehicle power management and generation systems for AlliedSignal Inc. (Honeywell);

- Product Management for mobile communications systems with Control Data Corporation (General Dynamics); and

- Development of web-based performance management services and monitoring systems as VP Engineering and Operations at Coradiant Inc.

Brian currently serves as an elected member of the Board of Directors of Tecsys Inc. (TSX:TCS), a Quebec company.

"With strategic additions to AirIQ's Board of Directors, a renewed focus on key markets, expansion of our U.S. Office, and tactical additions to our leadership team, AirIQ expects to continue to enhance its position within the telematics industry," stated Steve Willey.

About AirIQ

AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader in Wireless Location Services, specializing in Telematics and Security, AirIQ is headquartered in Pickering, near Toronto, Canada, with an office in San Diego, California, U.S.A. The Company operates as a wireless Internet applications service provider specializing in location-based services. AirIQ's services are offered to three primary markets: Commercial Fleets; Consumer; and Marine Fleets. AirIQ gives vehicle and vessel owners the abilities to manage and protect their mobile assets. AirIQ's services include: vehicle locating, boundary notification, automated inventory, maintenance reminders, security alerts, vehicle disabling, unauthorized movement alerts and many more features. 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 words such as "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. 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 and results may differ materially from those expressed in such forward-looking statements. 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 new information, future events or otherwise.

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