AirIQ Named 15th Fastest Growing Technology Company in Canada
TORONTO, ONTARIO – September 21, 2006 - AirIQ Inc. (“AirIQ”) (TSX: IQ), a leader in wireless enabled location-based services, has been named to Deloitte’s prestigious Technology Fast 50, the annual program which recognizes excellence, innovation and the fastest growing technology companies in Canada. Winners are ranked based on percentage revenue growth over five years (2001 – 2005). AirIQ’s growth was 2,438%, placing number fifteen (15) on the 2006 Fast 50.
This is AirIQ’s fourth consecutive appearance in the Deloitte’s Fast 50 rankings.
“As one of North America’s largest wireless location-based service providers, we are proud to once again be among the highest growth companies in Canada’s technology community,” explains Donald Simmonds, President and CEO of AirIQ. “Our strong growth reflects the evolution of wireless communications, first penetrating society by cutting wires for voice communications, and some years after revolutionized data transfer. We are now entering the third phase known as Machine to Machine (M2M) communications, and it is really just beginning. AirIQ is well positioned with scale, distribution and the technical capability to deliver valued location-based products and services to diverse markets.”
AirIQ is a leader in the telematics service industry, using wireless communications to send and receive location-based information and control messages to and from vehicles and vessels. AirIQ’s increase in revenues of 2,438% from 2001 to 2005 resulted in a 15th ranking overall in the Deloitte Technology Fast 50.
“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend AirIQ for making the commitment to technology and delivering on the promise of market longevity,” said John Ruffolo, National Leader, Technology, Media & Telecommunications, Deloitte”. “We are proud to honour AirIQ as a Deloitte Technology Fast 50 winner.”
Winners of the 10 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.
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 four primary markets: Commercial Fleets; Consumer; Vehicle Finance; 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.
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Deloitte, one of Canada’s leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 6,200 people in 50 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 Thomatsu.
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.
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 such information, future events or otherwise.
- Contact Information
- Mark Kohler
- Chief Financial Officer
- AirIQ Inc.
- Contact via E-mail
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