|By Marketwired .||
|June 11, 2014 05:00 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/11/14 -- AirIQ Inc. (TSX VENTURE: IQ) a supplier of wireless asset management services, is pleased to announce a further enhancement to its suite of available reporting modules with the launch of its driver behavior report and dashboard. AirIQ fleet customers may now monitor individual driver behavior patterns to encourage safety, environmental responsibility and reduce costs. Using AirIQ's driver behavior report, customers can easily identify specific behavior, such as excessive speeding, harsh braking and rapid acceleration - signaling potential areas of concern. Customers may then use this information to encourage safe driving habits, thereby reducing accidents and costly repairs; develop driver training programs based on specific driving criteria; and identify and recognize safe and valuable drivers.
In addition, AirIQ's driver behaviour dashboard provides customers with a clear and concise summary of their entire fleet, providing real time activity of their mobile workforce. The dashboard automatically updates and enables customers to immediately identify potential issues so that they can reinforce responsible driving behavior or respond immediately to a possible safety-related event.
"Many of our customers in the oil and gas and construction markets have already implemented the driver behavior report and dashboard in their safety programs", stated Mike Robb, Interim President and Chief Executive Officer of AirIQ. "This addition to AirIQ's suite of vehicle location and management services offers customers even greater visibility to their most valuable assets - their drivers and their fleet vehicles", continued Mr. Robb.
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.