AirIQ's Mobile Asset Management Solution Selected by a National Equipment Rental Company

TORONTO, ONTARIO, Jul 31 (MARKET WIRE) --
AirIQ Inc. (TSX: IQ), a leader in Wireless Location-Based Services,
specializing in Telematics and Security, today announced that a large
National Construction Equipment Rental Corporation has selected AirIQ's
mobile asset management solution for its fleet of mobile generators and
heavy equipment.

The initial agreement, which follows a period of extensive field testing,
calls for equipping generators in a specific region with a plan to expand
quickly to other regions across North America. The national footprint of
this new client provides AirIQ with the opportunity for quick geographic
penetration of their unique service.

According to Anne Taylor, Vice President, Marketing and Sales, Commercial
Fleets, "The knowledge of daily usage patterns enables equipment rental
companies to perform maintenance service on their expensive equipment at
optimum times thereby extending equipment life. As well, with daily usage
information, these clients can bill their customers for actual usage
resulting in tangible economic returns on their telematics investment.
Winning this sale is highly strategic as it offers both a new customer
for our products as well as a channel to the end-users who rent the
commercial and industrial equipment."

AirIQ launched its construction asset management service with a unique
offering which provides large companies that use mixed fleets (i.e. heavy
equipment, light-trucks and automobiles) the convenience of managing
their assets from a single portal. The Company has now extended this same
benefit to rental equipment companies.

"We are delighted to have earned the business of this national rental
equipment provider, said Steve Willey, President and Chief Executive
Officer. "It is consistent with our focus on winning key accounts within
the construction segment and reinforces our commitment to improving
productivity within the infrastructure sector. The increase since the
first quarter of 2008 in this segment alone is almost 50%! We fully
expect that this agreement will further increase our market penetration
and serve as a beach-head for other activities in the equipment rental
market."

About AirIQ

AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader
in Wireless Location Services, specializing in Telematics and Security,
AirIQ has offices in Pickering, Ontario, Canada, and in San Diego,
California, United States. The Company offers a suite of location based
services (LBS) under a 'software as a service' (SaaS) model that results
in recurring revenues for each device deployed. AirIQ's offers service to
three primary markets: Commercial Fleets; dealers that service Consumer
segments; and Marine Fleets (fisheries and workboat). AirIQ gives vehicle
and vessel owners the ability to monitor, manage and protect their mobile
assets. Services include: instant vehicle locating, boundary
notification, automated inventory reports, maintenance reminders,
security alerts, vehicle disabling and unauthorized movement alerts. For
additional information on AirIQ or its products and services, please
visit the Company's website at www.airiq.com.

Forward-looking Statements

This news release contains forward-looking information based on
management's best estimates and the current operating environment. These
forward-looking statements are related to, but not limited to, AirIQ's
operations, anticipated financial performance, business prospects and
strategies. Forward-looking information typically contains words such as
"anticipate", "believe", "expect", "plan" or similar words suggesting
future outcomes. These statements are based upon certain material factors
or assumptions that were applied in drawing a conclusion or making a
forecast or projection as reflected in the forward-looking statements,
including AirIQ's perception of historical trends, current conditions and
expected future developments as well as other factors management believes
are appropriate in the circumstances. Such forward-looking statements are
as of the date which such statement is made and are subject to a number
of known and unknown risks, uncertainties and other factors which could
cause actual results or events to differ materially from future results
expressed, anticipated or implied by such forward-looking statements.
Such factors include, but are not limited to, 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. Forward-looking statements are provided for
the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that
such information may not be appropriate for other purposes. Other than as
may be required by law, AirIQ disclaims any intention or obligation to
update or revise any such forward-looking statements, whether as a result
of new information, future events or otherwise.

Contacts:
AirIQ Inc.
Anne C. Taylor, Vice President, Marketing & Sales,
Commercial Fleet Division
1-888-606-6444 ext. 4312
Email: ataylor@airq.com
Website: www.airiq.com

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