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WirelessDevNet.com Press Release
AirIQ Adds Suite of Vehicle Information Services
TORONTO, Oct. 1 - AirIQ Inc. (TSX:IQ), a leader in
the Telematics industry, announces a new suite of vehicle information services
called AirIQ VehicleConnect(TM). AirIQ VehicleConnect(TM) services will
augment the Company's existing location-based Telematics services by
integrating the abilities to:
1. remotely obtain information carried by vehicle electronics (i.e.,
odometer and fuel level readings);
2. report vehicle trouble codes (i.e., engine, electrical and A/C
system reporting); and,
3. send safety alarms initiated from the vehicle's supplementary
restraint system (i.e., airbag deployed and seatbelt locked,
etc.).
"The combination of location-based and vehicle-based information services
amplify the return on investment for our fleet customers," says Donald
Simmonds, President and CEO of AirIQ. "This development enhances AirIQ's
leadership position in providing remote information and control services to
commercial vehicle fleets, and it completes the technological foundation
necessary for a strong entry into the consumer Telematics market."
To deliver the AirIQ VehicleConnect(TM) service suite, the Company is
introducing a vehicle connectivity module (VCM) that plugs into the North
American standard connector (ODBII) of year 2002 passenger vehicles and newer.
The VCM also connects to AirIQ's Telematics' devices, which deliver AirIQ's
suite of location-based services, and is designed to be backward compatible
for AirIQ's customers. The Company's existing customers can add AirIQ
VehicleConnect(TM) services for an incremental service fee.
Through an agreement with AirIQ, the VCM's development to AirIQ's
specifications was undertaken by Invotronics, a subsidiary of Solectron
Corporation (NYSE:SLR), a leading provider of electronics manufacturing and
supply chain management services. Solectron is a supplier to the automotive
industry providing collaborative design support, manufacturing of electronics
and electro-mechanical solutions. Current products include control modules,
Telematics modules, actuators, coil assemblies, switches and integrated
systems. Development support capabilities include design - electrical
hardware, electro-mechanical, mechanical and P.C.B.; simulation - electrical,
electro-mechanical and thermal; software development; and product validation
and testing.
"Vehicle connectivity is the next logical and insightful step for the
Telematics industry," said Earl Hughson, President of Solectron's Invotronics
unit. "We are pleased to have been selected by AirIQ as their technology
partner for this strategic development. AirIQ is in a prime position to put
this technology to work in the automotive aftermarket without delay."
About AirIQ
AirIQ (http://www.airiq.com) trades on The Toronto Stock Exchange under the
symbol IQ. A leader in the Telematics marketplace, AirIQ is headquartered in
Pickering, near Toronto, Canada. The Company operates as a wireless Internet
applications service provider specializing in Telematics. Telematics is the
name given to information and control messages sent via wireless to and from
vehicles. AirIQ's services are offered to three large vertical markets,
including rental vehicle, commercial transport and heavy equipment fleets.
AirIQ gives fleet managers a wealth of information about their vehicles,
including vehicle location, boundary notification, automated inventory,
maintenance reminders, security alerts and remote vehicle disabling.
About Solectron
Solectron (http://www.solectron.com) provides a full range of global
manufacturing and supply chain management services to the world's premier
high-tech electronics companies. Solectron's offerings include new-product
design and introduction services, materials management, high-tech product
manufacturing, and product warranty and end-of-life support. The company is
based in Milpitas, Calif., and had sales of $11.7 billion in fiscal 2003.
Forward-looking Statements
This news release contains certain forward-looking statements that
involve a number of known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from those
anticipated in our forward-looking statements. Factors that could cause actual
results to differ materially include, without limitation, 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. Furthermore, a forward-looking statement speaks only as of the
date on which such statement is made. The Company assumes no obligation to
update or revise them to reflect new events or circumstances.
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