AirIQ Secures Major Transportation Customer, Boosting Recurring Revenue

TORONTO, ON - AirIQ Inc., a leader in IoT-based asset management, announces a significant contract with a global transportation logistics company. This deal is projected to generate approximately $300,000 in annual recurring revenue, strengthening AirIQ's revenue base. Future expansion is anticipated as the company rolls out additional solutions to this client through strategic partnerships.

The customer, a major North American fleet compliance provider, was acquired via AirIQ's collaboration with Phillips Connect. This partnership has facilitated the delivery of integrated solutions aimed at improving fleet operators' visibility and efficiency.

Michael T. Lawless, Chief Revenue Officer at AirIQ, remarked that this customer acquisition validates their sales and marketing investments, evidencing a growing demand for AirIQ's products. The company remains committed to sustainable growth and expanding its revenue streams.