AirIQ Acquires IoT Assets and Customer Base for Up to $850,000

Reuters11-03

AirIQ Acquires IoT Assets and Customer Base for Up to $850,000

AirIQ Inc. has acquired certain assets, including customers, video telematics software solutions, URLs, licenses, and other marketing assets from a privately held IoT services company. The assets include a customer base with over 1,000 devices, generating approximately $450,000 in annual recurring revenue with margins exceeding 70%, and about $300,000 in hardware revenues over the past year. The acquired assets have contributed approximately $225,000 in EBITDA during the previous twelve months. The purchase price is up to $850,000, with $600,000 paid in cash at closing, $150,000 held in escrow, and a potential $100,000 earn-out based on future gross profit growth. AirIQ has also entered into a Transition Services Agreement with the principals of the acquired business for one year to ensure a smooth transition. All amounts are in Canadian dollars.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirIQ Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1094469) on November 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2580290710?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-03 20:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2580290710","market":"us","top_or_hot":-1,"title":"AirIQ Acquires IoT Assets and Customer Base for Up to $850,000","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AirIQ Acquires IoT Assets and Customer Base for Up to $850,000\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/AILQF\">AirIQ Inc.</a> has acquired certain assets, including customers, video telematics software solutions, URLs, licenses, and other marketing assets from a privately held IoT services company. The assets include a customer base with over 1,000 devices, generating approximately $450,000 in annual recurring revenue with margins exceeding 70%, and about $300,000 in hardware revenues over the past year. The acquired assets have contributed approximately $225,000 in EBITDA during the previous twelve months. The purchase price is up to $850,000, with $600,000 paid in cash at closing, $150,000 held in escrow, and a potential $100,000 earn-out based on future gross profit growth. AirIQ has also entered into a Transition Services Agreement with the principals of the acquired business for one year to ensure a smooth transition. All amounts are in Canadian dollars.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirIQ Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1094469) on November 03, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AirIQ Acquires IoT Assets and Customer Base for Up to $850,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirIQ Acquires IoT Assets and Customer Base for Up to $850,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-03 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AirIQ Acquires IoT Assets and Customer Base for Up to $850,000\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/AILQF\">AirIQ Inc.</a> has acquired certain assets, including customers, video telematics software solutions, URLs, licenses, and other marketing assets from a privately held IoT services company. The assets include a customer base with over 1,000 devices, generating approximately $450,000 in annual recurring revenue with margins exceeding 70%, and about $300,000 in hardware revenues over the past year. The acquired assets have contributed approximately $225,000 in EBITDA during the previous twelve months. The purchase price is up to $850,000, with $600,000 paid in cash at closing, $150,000 held in escrow, and a potential $100,000 earn-out based on future gross profit growth. AirIQ has also entered into a Transition Services Agreement with the principals of the acquired business for one year to ensure a smooth transition. All amounts are in Canadian dollars.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirIQ Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1094469) on November 03, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1099","symbol_name":"电力公用事业","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251103:nNDL1BHlfV:1","article_id":"2580290710","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580290710","pubTimestamp":1762173046,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AirIQ Inc. has acquired certain assets, including customers, video telematics software solutions, URLs, licenses, and other marketing assets from a privately held IoT services company. The assets include a customer base with over 1,000 devices, generating approximately $450,000 in annual recurring revenue with margins exceeding 70%, and about $300,000 in hardware revenues over the past year. The acquired assets have contributed approximately $225,000 in EBITDA during the previous twelve months. The purchase price is up to $850,000, with $600,000 paid in cash at closing, $150,000 held in escrow, and a potential $100,000 earn-out based on future gross profit growth. AirIQ has also entered into a Transition Services Agreement with the principals of the acquired business for one year to ensure a smooth transition. All amounts are in Canadian dollars.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accura","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1099":"电力公用事业","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","BK1527":"公用股","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","BK1521":"挪威政府全球养老基金持仓","00006":"电能实业","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","BK1569":"长和系"},"translate_title":"AirIQ以高达85万美元的价格收购物联网资产和客户群","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00006":0.9},"content_text":"AirIQ Acquires IoT Assets and Customer Base for Up to $850,000\n    \n\nAirIQ Inc. has acquired certain assets, including customers, video telematics software solutions, URLs, licenses, and other marketing assets from a privately held IoT services company. The assets include a customer base with over 1,000 devices, generating approximately $450,000 in annual recurring revenue with margins exceeding 70%, and about $300,000 in hardware revenues over the past year. The acquired assets have contributed approximately $225,000 in EBITDA during the previous twelve months. The purchase price is up to $850,000, with $600,000 paid in cash at closing, $150,000 held in escrow, and a potential $100,000 earn-out based on future gross profit growth. AirIQ has also entered into a Transition Services Agreement with the principals of the acquired business for one year to ensure a smooth transition. All amounts are in Canadian dollars.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirIQ Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1094469) on November 03, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2580290710","isCrawlerRequest":true}