Mr. Michael Robb reports

AIRIQ ANNOUNCES LARGE PURCHASE ORDER FROM MAJOR RENTAL COMPANY IN THE UNITED STATES

AirIQ Inc. has secured a $415,000 order from an existing major rental customer in the United States for its electronic control module (ECM) devices to ship over the next several months.

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(s), 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(s) safely, pro-actively reduce costs and increase the uptime of their vehicles.

"The ECM solution was developed on request of this customer for use in their light- and heavy-duty trucks," stated Mike Robb, president and chief executive officer of AirIQ. "This is the customer's second order, showing how pleased they are with the performance of our solution and recognizing the value of engine code diagnostics together with AirIQ's fleet management solution. The revenue from this order will be recognized over a maximum of 24 months. In addition, we are anticipating that we will receive additional orders as the client deploys new vehicles in the future. We also plan to introduce this offering to other customers as the demand for automated fleet management systems and data analytics increases."

By integrating a GPS (global positioning system) device with diagnostic capability together with AirIQ's Web application, customers can now monitor their vehicle's engine performance to quickly identify issues and pro-actively perform maintenance, thereby decreasing costs and increasing productivity.

About AirIQ Inc.

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 on-line 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.

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