AirIQ Inc.
TSX : IQ

AirIQ Inc.

September 30, 2005 07:00 ET

AirIQ Named 8th Fastest Growing Technology Company

TORONTO, ONTARIO--(CCNMatthews - Sept. 30, 2005) -

Deloitte Fast 50 Ranking Signifies Growth in Telematics

AirIQ Inc. (TSX:IQ), a leader in Global Wireless Security specializing in Telematics services, placed eighth (8th) in Deloitte's prestigious Canadian Technology Fast 50, the annual program that recognizes excellence, innovation and the fastest growing technology companies in Canada. The rankings are determined by percentage revenue growth over a five-year period.

AirIQ's increase in revenues was 3,011.29 percent from 2000 to 2004. This is the Company's third consecutive appearance in the Fast 50 rankings.

"It is an honour to once again be among companies that represent technology leadership, growth and innovation," explains Donald Simmonds, President and CEO of AirIQ. "Our ranking can be attributed to the growing adoption of wireless location-based services for people and machines, our continued investment in research and development, and the tenacious team that fosters our vision with their hard work and dedication."

"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years. AirIQ has proven to be one of the fast-growth success stories in Canada and we applaud their ability to make their vision reality," says Garry Foster, National Director, Technology, Media & Telecommunications, Deloitte.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $75,000 CDN for 2000 and $5,000,000 CDN for 2004, be controlled and headquartered in Canada, be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenue and/or devote a significant proportion of revenues to research and development of technology.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast50.ca or www.fast500.com.

About AirIQ

AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader in Global Wireless Security, AirIQ is headquartered in Pickering, near Toronto, Canada, with offices in Lake Forest and San Diego, California, U.S.A. The Company operates as a wireless Internet applications service provider specializing in Telematics. Telematics is the name given to information and control messages sent wirelessly to and from vehicles and vessels. AirIQ's services are offered to five primary markets: Commercial Fleets; Consumer; Vehicle Finance; Indirect Distribution; 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, its products and services, please visit the Company's website at www.airiq.com.

About Deloitte

Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 6,100 people in 47 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

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. 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.

Contact Information

  • AirIQ Inc.
    Mary-Catherine Telemaque
    Manager, Corporate Communications
    (905) 831-6444, Ext. 4326
    mctelemaque@airiq.com