AirIQ Announces Acquisition of Connected Telematics
(World News Science)

FOR IMMEDIATE RELEASE AirIQ Announces Acquisition of Connected Telematics Toronto, Ontario -December 11, 2017 - AirIQ Inc. ("AirIQ" or "the Company") (TSXV: IQ), a supplier of wireless asset management services, announced the acquisition of the assets of Connected Telematics Corp., a privately held Canadian wireless fleet management company. The purchased assets include customer contracts, a new technology platform and approximately 2,000 devices generating approximately $500,000 in annual recurring service revenues. The purchase price for the acquisition includes an initial cash payment of $90,000 plus potential performance based earn-outs on the first, second and third...