TORONTO – AirIQ Inc., a leader in Wireless Location Services, specializing in Telematics and Security, announced that it ranked Number 266 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. This marks the fifth consecutive year that AirIQ has been included in the Rankings, which are based on percentage of fiscal year revenue growth over five years. From 2002–2006 AirIQ revenue growth was 586 percent.
AirIQ was founded in 1997 making 2003 the first year of eligibility for consideration for the Fast 500 listing. “AirIQ has ranked in the Fast 50 Canadian Technology Companies and in the Fast 500 Technology Companies in North America each and every year since it was eligible for consideration,” said Steve Willey, President and CEO. “Such remarkable achievement cannot be attributed to any one individual, but has required tremendous commitment and dedication by everyone in the Company.”
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate AirIQ on this significant accomplishment."
In addition to ranking on Deloitte’s Technology Fast 500, AirIQ ranked 33 on the Technology Fast 50 ranking of the 50 fastest growing technology firms in Canada.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
