TORONTO, ONTARIO - December 1, 2004 — AirIQ Inc. (TSX: IQ), a leader in the Telematics industry, announces growth in marine fleet customer acquisitions. AirIQ's new marine fleet division, Boatracs, has expanded service coverage to Alaska, Hawaii, Mexico and North East of Newfoundland in Canada, opening up multiple opportunities for further marine market penetration.

"We are excited to bring our highly reliable service to new markets, providing significant growth opportunities for Boatracs," explains David Brandos, Vice President, Boatracs Division of AirIQ. "The opportunities in these markets are coming to fruition, which is evident with several new client acquisitions including United Tugs and IMMC, Offshore Workboat companies operating in the southern region of the Gulf of Mexico."

Boatracs' satellite coverage in Mexico covers an expansive footprint, including Peru on the Pacific and Brazil on the Atlantic. The expanded coverage augments the existing Boatracs services for Vessel Management Systems, to new markets including Fisheries Management, Offshore Supply and Inland Workboats. The customers of AirIQ's Boatracs service will benefit from the following:

• Extended coverage to more geographic locations
• Ability to use one management system for an entire vessel fleet in multiple regions
• 24/7 reliability over an extended geographic area
• Enhanced services for multiple vessel types

The Boatracs division of AirIQ is promoting the enhanced service offering and geographic coverage for multiple marine fleet types at the 2004 WORKBOAT Convention in New Orleans, Louisiana, through December 1 -- 3, 2004.

About Boatracs

Boatracs is owned by AirIQ, Inc. For over a decade Boatracs has given leadership to the maritime communications field. It provides wireless location and messaging services, and integrated hardware and software solutions for over 400 commercial fleets. The Boatracs solution is backed by a Network Operations Center that operates 24 hours a day, 7 days a week, 365 days a year. The services of Boatracs help customers achieve significant cost savings by automating workflow and integrating operations management. For more information, please call (877)-468-8722 or visit www.boatracs.com.

About AirIQ

AirIQ trades on The Toronto Stock Exchange under the symbol IQ. A leader in the Telematics marketplace, AirIQ is headquartered in Pickering, near Toronto, Canada. The Company operates as a wireless Internet applications service provider specializing in Telematics. Telematics is the name given to information and control messages sent wirelessly to and from vehicles. AirIQ's services are offered primarily to five large commercial fleet markets (rental vehicle, commercial transport, heavy equipment, vehicle finance and marine) and to the consumer market. AirIQ give vehicle 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, its products and services, and the recent acquisition of the business of Aircept.com, LLC, and Boatracs, LLC, please visit the Company's website at www.airiq.com or call 1(888)606-6444.

For more information please contact:

AirIQ Inc.:
Mary Catherine Telemaque
Manager, Corporate Communications
905-831-6444, Ext. 4326
mctelemaque@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. 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.

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