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AirIQ Announces $545 Thousand Purchase Order from Major U.S. Customer
TORONTO, ON / ACCESSWIRE / March 5, 2019 / AirIQ Inc. ("AirIQ") (TSX-V: IQ), a supplier of w...
About this update from Airiq Inc.
[{"type":"text","content":"AirIQ Announces $545 Thousand Purchase Order from Major U.S. CustomerTORONTO, ON / ACCESSWIRE / March 5, 2019 / AirIQ Inc. (\"AirIQ\") (TSX-V: IQ), a supplier of wireless asset management services, today announced that it has secured a further order for approximately CAD$545,000 from an existing major rental customer in the United States for AirIQ's electronic control module (ECM).\"This is the third large order for this device type from the same customer and solidifies the customer's satisfaction with the performance of AirIQ's solution, and their confidence in our Company,\" stated Mike Robb, President and Chief Executive Officer of AirIQ. \"We will ship approximately 75% of the order by the end of this month, with the remainder going out in the following quarter. This order is in follow up to our previously announced large purchase order in August of 2018,\" continued Mr. Robb.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 is a valuable added feature to AirIQ's existing Fleet Management solution to assist customers to operate their fleet safely, proactively reduce costs and increase the uptime of their vehicles.By integrating a GPS device with diagnostic capability together with AirIQ's Web Application, customers can now monitor their vehicle's engine performance to quickly identify issues, proactively perform maintenance and thereby decrease costs and increase productivity.About AirIQ AirIQ 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 we...