Siyata Mobile Receives Additional $1MM Purchase Order from Global Two-Way Radio Vendor
MONTRÉAL, May 31, 2018 (GLOBE NEWSWIRE) — Siyata Mobile Inc. (the “Company” or “Siyata”) (TSX-V:SIM) (OTCQX:SYATF) is pleased to announce that a global two-way radio vendor has purchased an additional $1 million of the Company’s 4G devices, following a $400K Purchase Order announced April 12, 2018.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, “This additional purchase order is a strong indication of the early success of our 4G portfolio launch. We are witnessing strong adoption of our 4G portfolio with multiple customers purchasing our commercial vehicle and rugged mobile devices. Our strategy to replace aging two-way radio systems with cellular based Push-to-Talk solutions remains extremely relevant in the rapidly changing landscape of converting these types of analog systems to more advanced and robust cellular based solutions such as PTT.”
As a reminder, the company will hold a conference call this morning, Thursday, May 31, 2018, at 9:00am EST (06:00am PST) to discuss Q1 2018 results, along with a Q&A session with Siyata Mobile CEO and Chairman, Marc Seelenfreund and CFO Gerry Bernstein.
Details of the conference call:
Date: Thursday, May 31, 2018
Time: 9:00 a.m. ET / 6:00 a.m. PT
Operator Assisted Toll-Free Dial-In Number: 1-866-521-4909
Local or International Dial-In Number: 1-647-427-2311
There will also be a playback of the conference call, available in MP3 format by contacting investor relations below.
According to the U.S. Department of Transportation, in 2015 there were over 12 million fleet vehicles in the United Sates. Siyata aims to be the leading provider of connected vehicle and mobile hardware solutions as these commercial fleets upgrade their communication platforms to be compatible with next-generation networks, PoC (proof of concept) solutions and other software applications.
A TSX Venture Top 50 Company, Siyata Mobile Inc. is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden® Cellular brand. Since developing the world’s first 3G connected vehicle device, Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device in 2017. Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world.
Siyata also offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
CEO and Chairman
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.