AirIQ Among Fastest Growing Technology Companies in North America Named to Deloitte’s Fast 500 for the Fourth Consecutive Year
Named to Deloitte’s Fast 500 for the Fourth Consecutive Year
TORONTO, ONTARIO – October 25, 2006 - AirIQ Inc. (“AirIQ”) (TSX: IQ), a leader in wireless enabled location-based services, today announced that it was again named to Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. 2006 rankings are based on percentage revenue growth over five years 2001 – 2005. AirIQ’s increase in revenues of 2,438%, resulted in a 90th ranking on the 2006 Deloitte Technology Fast 500.
This is AirIQ’s fourth consecutive appearance in Deloitte’s Technology Fast 500 rankings. The Company ranked 84th in 2005; 71st in 2004; and 221st in 2003.
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. “As one of North America’s largest wireless location-based service providers, we are proud to once again be recognized among the highest growth technology companies in North America’s business community,” said Donald Simmonds, President and CEO of AirIQ. “Our vision, since the beginning, was to become the global leader in wireless location and security services.”
“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 Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. We are proud to honor AirIQ Inc.’s ranking on the Deloitte Technology Fast 500 list.”
“Ranking in Deloitte’s Technology Fast 500 for four consecutive years is a remarkable accomplishment,” said Mark Kohler, Chief Financial Officer of AirIQ. “Maintaining a position within the top 100 for three consecutive years is indicative of our sustained distribution and brand strength as well as our technical capacity to develop and deliver valued location-based services to a diverse set of both established and emerging markets.”
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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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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