New Fishing Regulations to Increase the Size of AirIQ’s Marine Market
TORONTO, ONTARIO – October 13, 2006 – AirIQ Inc. (“AirIQ”) (TSX: IQ), a leader in wireless enabled location-based services, expects to see an increase in the size of its regulated marine market as a result of the National Marine Fisheries Service (NMFS) introduction of a new Gulf Coast fishing regulation for Gulf reef fish. The new rules require fishing vessel owners to install and operate an approved vessel monitoring system (VMS) by December 7, 2006.
The ruling; “…requires a NMFS-approved vessel monitoring system (VMS) on board vessels with Federal commercial permits for Gulf reef fish, including charter vessels/headboats with such commercial permits;”
Source: Federal Register / Vol. 71, No. 153 / Wednesday, August 9, 2006 / Rules and Regulations
AirIQ Inc. offers a VMS system under the brand name Boatracs, and is one of only two NMFS approved vessel monitoring systems in the United States Southeast Region.
Anne Taylor, AirIQ’s Vice-President, Commercial Fleet Division states, “Since the announcement of the new ruling , we have undertaken an aggressive initiative assisting Gulf reef fishing vessel owners to meet their obligations under the ruling by helping them equip their vessels and become trained on the Boatracs VMS services in advance of the ruling effective date.
AirIQ’s Boatracs services not only enables a vessel owner to satisfy the NMFS ruling, but also provides the benefits of:
• Improved safety;
• Text communications with family and friends;
• Daily fishing updates to vessels;
• Vessel to shore requisitions that improve operating efficiencies;
• Weather condition updates; and
• Live 24/7 Client Care.
AirIQ enjoys a leading position providing wireless location services to maritime fleets including work boats, inland waterway vessels, and fishing vessels throughout North America.
For more information on Boatracs services visit us at www.boatracs.com or call us at 1-877-468-8722
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.
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
- Anne C. Taylor
- Vice-President, Commercial Fleet Division
- AirIQ Inc.
- Contact via E-mail
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