Maritime Communications and Software Firm Completes Spinoff

SAN DIEGO, CA, JUNE 16, 2010: Maritime software and communications leader Boatracs Inc announced today that it has completed establishing itself as an independent, privately held firm. Boatracs spun off from former parent company AirIQ Inc. in December 2009.

“We have completed our transition into a fully independent entity,” said Boatracs CEO Irwin Rodrigues, “and we were very pleased with our ability to complete the transition efficiently, while remaining focused on driving excellent business results in the first quarter of the year.”

Boatracs has been the leading provider of wireless maritime communications solutions for 20 years, Rodrigues continued. “Taking Boatracs private has given us the financial flexibility and capacity to invest our profits back into the company, and as a result, we are embarking on an exciting program of new product development to further our longstanding tradition of delivering consistently reliable and affordable communications and software solutions for the commercial maritime industry.”

Boatracs headquarters will remain in San Diego, California, Rodrigues said.

About BOATRACS®

Established in 1990, Boatracs is the leading provider of integrated communications and software solutions for the commercial maritime industry. Boatracs’ core offerings are built on the QUALCOMM OmniTRACS® and QUALCOMM OmniVision™ satellite solutions, providing customers the industry’s most proven, reliable, and simplest data communications solution on the market. With its products, services and 24/7/365 customer support, Boatracs increases the operating efficiencies of over 1,000 customers in the Inland Workboat, Offshore Supply Vessel, Commercial Fishing and Government Maritime markets. The company has offices in California and Louisiana, and can be reached via www.boatracs.com or at 1-877-468-8722.