AirIQ Inc has announced that Lease Assurance Corp (LAC) has chosen AirIQ's products and services to protect and manage its leased commercial vehicles in a deal valued at $1.3 million.

LAC, based in Lake Mary FL, is a special-purpose finance company created to finance the acquisition of commercial tractors and trailers, and to acquire lease revenues from those vehicles.

AirIQ enables LAC to monitor the location of its leased commercial vehicles. In case of theft or default, LAC can immediately locate the vehicle and recover it without delay.