The Car and Truck Fleet and Leasing Management Magazine

AirIQ's Net Cumulative Subscribers Exceed 170,000 units

April 26, 2005

TORONTO, ONTARIO — AirIQ Inc., a telematics industry provider, announced on April 19 new active subscriber growth of 18,099 units, and record total shipments of 24,834 units in the first quarter ending March 31, 2005.The active subscriber increase and shipping activity is due to contributions from the company’s five markets: commercial fleets, consumer, indirect distribution, vehicle finance, and marine fleets. Active subscriber units are those that have been installed in vehicles, are connected to the service infrastructure, or are otherwise revenue generating. In periods of strong new shipments, there is often a lag between shipped and active subscriber counts as the distribution and installation processes take effect.
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