TORONTO, Ont. — Recognition received for the second consecutive year AirIQ Inc. a provider of wireless communications for the transportation industry is a finalist in the 2004 Deloitte Canadian Technology Fast 50 (Fast 50) program for the second consecutive year.
The Fast 50 program is an annual award honoring the 50 fastest growing technology companies in Canada. The finalists are determined by percentage revenue growth over a five-year period, from 1999 to 2003.
“For the second year in a row, AirIQ is honoured to be among the fastest growing technology companies in Canada,” states Donald Simmonds, President and CEO of AirIQ. “This distinction is attributable to the outstanding efforts of our entire team. Over time, AirIQ has continued a standard of excellence in service delivery and technological applications. We are dedicated to continuing our growth momentum for the future
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $75,000 CDN for 1999 and $5,000,000 CDN for 2003, be controlled and headquartered in Canada, be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenue and/or devote a significant proportion of revenues to research and development of technology.
The numerical ranking for the 2004 Deloitte Canadian Technology Fast 50 will be released on September 29, 2004.
The Fast 50 finalists are automatically entered into the 2004 Deloitte North American Technology Fast 500 program that recognizes the fastest growing high tech companies in the United States and Canada.
For more information on the Deloitte Technology Fast 50 or Fast 500 programs, visit www.fast50.ca or www.fast500.com.
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