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This customer is expected to generate approximately $300,000 in annual recurring revenue (“ARR”) over a period of several years, marking a significant lift to AirIQ’s recurring revenue base. Future growth in hardware and recurring revenue is also anticipated as additional solutions are rolled out to this customer leveraging previously announced strategic partnerships.
Learn More“We are pleased to see another continued increase in our recurring revenue this quarter, reflecting the strong demand for our solutions”, said Mike Robb, President and Chief Executive Officer of AirIQ. “The continued shift that we see in our customers’ purchasing behaviour towards our rental program reinforces our strategy as it provides a higher recurring revenue and enhances long-term customer relationships”, continued Mr. Robb.
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By Fiscal Year Ended March 31st
AirIQ will hold its Annual and Special Meeting of Shareholders on Tuesday, September 17, 2024 at 10:00 AM EST
Copies of the Annual Meeting Materials may be accessed on SEDAR at www.sedarplus.ca or by clicking on the links below:
Have additional questions? Send us a message and we’ll get back to you
AirIQ’s Transfer Agent is: Computershare Investor Services 100 University Ave, 8th Floor
Toronto, ON M5J 2Y1
1-800-564-6253
www.investorcentre.com/service
For shareholder inquiries,
please email: investors@airiq.com
100 University Ave., 8th Floor, Toronto,
ON M5J 2Y1
1-800-564-6253