|By Business Wire||
|February 20, 2014 11:32 AM EST||
AirIQ Inc. (the “Company” or “AirIQ”) (TSXV:IQ), a supplier of wireless location-based services, today announced the signing of an agreement with KORE Wireless Canada Inc. (“KORE”) for wireless M2M connectivity throughout North America and Europe. Under the agreement, AirIQ may now offer its customers access to one of the most comprehensive and scalable global networks available, enabling GSM, GPRS and CDMA M2M applications.
“KORE offers the best in coverage, choice and reliability in M2M connectivity,” stated Donald Gibbs, President and Chief Executive Officer of AirIQ, “which will allow AirIQ to deliver the most advanced and reliable GPS technology and services to its customers. KORE’s diversity means multiple customizable technologies for AirIQ’s subscribers depending on their individual usage and needs,” continued Mr. Gibbs.
The agreement with KORE is important to AirIQ and its customers as it sets the groundwork for a smooth transition from one network to another as technologies change and advance enabling more powerful M2M applications.
“We are excited at the opportunity to help AirIQ extend the productivity and value of its customers' assets,” said Robert Metzler, Executive Vice President, Sales and Marketing, KORE. “Any M2M solution requires consistent geographic coverage, redundant architecture and a multiplicity of network options available in a single resource in order to perform 'as designed,' and AirIQ's growing base of service fleets, rental firms, auto dealers and asset management companies can rest easy knowing that's what they'll get every time with KORE inside.”
About KORE Telematics
KORE is the world’s largest wireless network provider specializing exclusively on the rapidly expanding global machine-to-machine (M2M) communications market. Providing unified control and management for cellular and satellite network service delivery in more than 180 countries worldwide, KORE empowers its application, hardware and wireless operator partners to efficiently deliver M2M solutions for connected devices across the globe. M2M applications in industries as diverse as healthcare, utilities, enterprise IT, transaction processing and fleet management rely on the KORE network to deliver operational efficiencies and cost-savings. KORE offers a range of technologies — including GSM, HSPA, CDMA EV-DO and LTE, as well as satellite services — that ensure the greatest possible reliability and coverage. For more information, please visit www.koretelematics.com.
AirIQ currently trades on the TSX Venture Exchange under the symbol IQ. AirIQ’s office is located in Pickering, Ontario, Canada. The Company offers a suite of asset management services that generate recurring revenues from each device deployed. AirIQ delivers services to two primary markets: Commercial Fleets and dealers that service Consumer segments. AirIQ provides vehicle owners with the ability to monitor, manage and protect their mobile assets. Services include: instant vehicle locating, boundary notification, automated inventory reports, maintenance reminders, security alerts and vehicle disabling and unauthorized movement alerts. For additional information on AirIQ or 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 statements with words such as “hope”, “goal”, “anticipate”, “believe”, “expect”, “plan” or similar words suggesting future outcomes. These statements are based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including AirIQ’s perception of historical trends, current conditions and expected future developments as well as other factors management believes are appropriate in the circumstances. 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 may differ materially from those expressed in such forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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