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AirIQ Announces Additional $1.3M Purchase Order from Major U.S. Customer
TORONTO, ON / ACCESSWIRE / May 13, 2019 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a supplier of wire...
About this update from Airiq Inc.
[{"type":"text","content":"AirIQ Announces Additional $1.3M Purchase Order from Major U.S. CustomerTORONTO, ON / ACCESSWIRE / May 13, 2019 / AirIQ Inc. (\"AirIQ\") (TSXV:IQ), a supplier of wireless asset management services, today announced that it has secured a further order for approximately CAD$1,324,000 from an existing major rental customer in the United States for AirIQ's electronic control module (ECM).\"This is the fifth of our previously announced orders for this device type from the same customer, who is gearing up to expand their rental fleet throughout the United States,\" stated Mike Robb, President and Chief Executive Officer of AirIQ. \"We expect to ship this order in June and July of this year,\" continued Mr. Robb, \"which will substantially increase AirIQ's fleet penetration in their brand. We have worked closely with this customer to satisfy their needs, and that attention, together with the performance of AirIQ's solution, is responsible for this success.\"AirIQ's ECM device connects to the vehicle's electronic control module and delivers real time engine diagnostic codes to AirIQ's Web Application, AirIQ Fleet™. Customers can then view reports and set up notifications to monitor the health of their fleet, including engine, transmission and emissions related problems. This feature adds significant value to AirIQ's Fleet Management solution. By integrating a GPS device with diagnostic capability together with AirIQ's Web Application, customers can monitor their vehicle's engine performance to quickly identify issues, proactively perform maintenance and thereby decrease costs and increase safety, uptime and productivity.About AirIQAirIQ currently trades on the TSX Venture Exchange under the symbol IQ. AirIQ is an intuitive web-based platform that provides fleet operators and vehicle owners with a suite of asset management solutions to reduce cost, improve efficiency and monitor, manage and protect their assets. Services are available online or via a mobile app, and include: instant vehicle locating, boundary notification, automated inventory reports, maintenance reminders, security alerts and vehicle disabling and unauthorized movement alerts. AirIQ's office is located in Pickering, Ontario, Canada. For additional information on AirIQ or its products and services, please visit the Company's website at www.airiq.com.Forward-looking...