AirIQ Announces Agreement with Cingular Wireless for Digital Location-Based Services
Strong GSM/GPRS Coverage Supports Aggressive United States Subscriber Acquisition
TORONTO, ONTARIO – November 9, 2005 – AirIQ Inc. (TSX: IQ), a leader in Global Wireless Security through Telematics services, announces the launch of its digital wireless solution for location-based services, enabled by a data resale agreement with Cingular Wireless, the largest wireless carrier in the United States. Certain versions of AirIQ products and services are available now with all further terrestrial products to be available by the start of 2006 on the Cingular nationwide* GSM/GPRS network, which is available in 13,000 cities and towns and along nearly 40,000 miles of major highways in the U.S.. AirIQ clients will benefit from the ability to send and receive more information, measured in both frequency and volume.
“GSM technology enhances the Company’s location-based services across all markets and geographies, and positions the AirIQ services for aggressive international expansion in both the vehicular and personal tracking markets,” explains Donald Simmonds, President and CEO of AirIQ. “The agreement with Cingular adds the GSM platform in the United States, in addition to our previously announced deployment plans in Mexico. Cingular’s digital service will support our aggressive subscriber acquisition plans and we look forward to the mutual benefits arising from such a strong alliance for years to come.”
“All of the required engineering, testing and GSM regulatory certifications have been completed and AirIQ’s digital solution is working well,” says Dan Seto, Vice President, Technology Planning for AirIQ. “Cingular offers a powerful wireless service to business and consumer sectors, making it a perfect fit with our strategic technology initiatives.”
General Packet Radio Services (GPRS) enables the data component of GSM. GPRS offers reliable connectivity with efficiency, making GSM suitable for Telematics services. GPRS enabled networks offer ‘always-on’, higher capacity, Internet-based content and packet-based data services, making it ideal for AirIQ’s customers with larger messaging needs.
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.
* Not available in all areas.
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
- Mary-Catherine Telemaque
- Manager, Corporate Communications
- AirIQ Inc.
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