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AirIQ accepts funding proposal

Briefs | 01/05/2009 2:33 pm EST

AirIQ Inc., a Toronto-based provider of telematics products and services, announced today that it has received a non-binding letter of intent (LOI), offering to provide the company with funding to protect its competitive positions in core markets and to drive scale in new services launched earlier this year. The identity of the investors was not revealed.

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