AirIQ Awarded Cingular Wireless “BAC Value Added Reseller of the Year”
TORONTO, ONTARIO – October 18, 2006 – AirIQ Inc. (“AirIQ”) (TSX: IQ), a leader in wireless enabled location-based services, today announced that it has been named the Business Alliance Channel(BAC) Value Added Reseller of the Year by Cingular Wireless. This award recognizes the reseller who has contributed to Cingular the strongest business value, demonstrating industry leadership through product and service innovation and growth.
Donald Simmonds, President and Chief Executive Officer of AirIQ states, “The award from Cingular Wireless is evidence of our strong position in the markets we serve, and the successful working relationship between our two companies. The selection of GSM for our digital path, and the choice of Cingular Wireless to deliver it have proven to be the right decisions for AirIQ and our Clients.”
In 2005 AirIQ undertook a significant development effort to transition its services to the digital GSM network. The benefits of digital GSM communications include:
• Increased bandwidth capability;
• Largest digital footprint in the USA;
• International compatibility;
• Robust digital network; and
• Higher value service options for our Clients.
AirIQ’s ability to adapt to a GSM communications platform is due primarily to our proprietary host system expertise, enabling a seamless transition from analogue to digital services for our clients. AirIQ fully launched its GSM technology in March 2006, after passing PTCRB and Cingular’s device certification approval in late 2005. The award signifies the strength of AirIQ’s subscriber activations on Cingular’s wireless network. AirIQ will continue to leverage the benefits of Cingular’s GSM digital network with our leading market position, product and service strengths to drive growth in all markets including Vehicle Finance, Heavy Equipment, Commercial Transport, Rental Fleets, Field Service and Family Services.
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.
Cingular Wireless is the largest wireless carrier in the United States, serving 57.3 million customers. Cingular, a joint venture between AT&T Inc. (NYSE: T) and BellSouth Corporation (NYSE: BLS), has the largest digital voice and data network in the nation -- the ALLOVER™ network -- and the largest mobile-to-mobile community of any national wireless carrier. Cingular is a leader in third generation wireless technology. Its 3G network is the first widely available service in the world to use HSDPA (High Speed Downlink Packet Access) technology. Cingular is the only U.S. wireless carrier to offer Rollover®, the wireless plan that lets customers keep their unused monthly minutes. Details of the company are available at http://www.cingular.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
- Daniel H. Seto
- Vice President, Technology
- AirIQ Inc.
- Contact via E-mail
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