AirIQ Inc.-Comment on Lawsuit Filing

AirIQ Inc.-Comment on Lawsuit Filing

The Company has today become aware of a lawsuit filed against it and its subsidiaries on May 10, 2007 by LunarEye, Inc. in the United States District Court for the Eastern District of Texas, for alleged patent infringement. The Company has not yet been served with the lawsuit but is currently reviewing the publicly available information regarding this matter. The Company will provide further details of the lawsuit once it has had an opportunity to review it in detail.

About AirIQ

AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader in Global Wireless Security, AirIQ is headquartered in Pickering, near Toronto, Canada, with offices in San Diego, California, U.S.A. The Company operates as a wireless Internet applications service provider specializing in location-based services. AirIQ’s services are offered to three primary markets: Commercial Fleets; Consumer; and Marine Fleets. AirIQ gives vehicle and vessel owners the abilities to manage and protect their mobile assets. AirIQ’s services include: vehicle locating, boundary notification, automated inventory, maintenance reminders, security alerts, vehicle disabling, unauthorized movement alerts and many more features. 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. 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. 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.

CONTACT INFORMATION
AirIQ Inc.
Steve Willey
Chief Executive Officer
(425) 941-7814
Email: swilley {at} airiq(.)com

or

AirIQ Inc.
Mark Kohler
Chief Financial Officer
(905) 831-6444
Email: mkohler {at} airiq(.)com
Website: www.airiq.com