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AirIQ Inc (2)
Symbol IQ
Shares Issued 29,367,574
Close 2023-05-26 C$ 0.27
Market Cap C$ 7,929,245
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AirIQ appoints Bouchard-Phillips as director

2023-05-30 13:20 ET - News Release

Mr. Vernon Lobo reports

AIRIQ ANNOUNCES NEW BOARD MEMBER

Gabriel Bouchard-Phillips, CPA, CA, CFA, has been elected to AirIQ Inc.'s board of directors.

Mr. Bouchard-Phillips holds a CPA designation and is a partner and senior portfolio manager at Van Berkom Global Asset Management. He has been at the firm for over 12 years and manages a Canadian small-cap portfolio, delivering excellent returns. Previously, he spent three years at Deloitte's technology, media and telecommunications (TMT) industry group, having audited several Toronto Stock Exchange-listed issuers. Mr. Bouchard-Phillips personally owns approximately 7 per cent of AirIQ, so is very much aligned with shareholders, management and the board.

"We are pleased to have someone with Gabriel's experience and skill set join the AirIQ board," said Vernon Lobo, fellow board member and chairman of the board of AirIQ. "In addition to having been a successful portfolio manager and equity investor, Gabriel has been a meaningful personal shareholder and contributor to AirIQ. We believe he will bring considerable capital markets knowledge and strategic advice to the company," continued Mr. Lobo.

"I am excited to join AirIQ's board of directors," said Mr. Bouchard-Phillips. "I believe that AirIQ's technology and compelling product offering can provide significant value for asset owners. I look forward to working with their talented team to drive growth and create value for shareholders." The board of directors of AirIQ increased the number of directors from three to four to elect Mr. Bouchard-Phillips.

About AirIQ Inc.

AirIQ is celebrating its 25th anniversary of its founding in 1997 and is a pioneer in Internet of Things-based asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The company develops iOS and Android mobile and Web-based applications, and cloud-based solutions that stand alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options, including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.

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