Siyata Mobile is forecast to grow revenue by 280%, and is tapping a potential market size of US$13b
The commercial fleet market is going to be one of the big winners when 5G is fully deployed as AT&T continues its “5G Evolution” technology roll-out to more than 200 markets across the USA.
Siyata Mobile Inc. (TSXV: SIM | OTCQX: SYATF) is a pioneer in the field by providing specialized connected vehicle products for professional fleets. Marketed under the Uniden® Cellular brand, Siyata launched the world’s first 4G LTE all-in-one fleet communications device in 2018; incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device. This also makes their devices safer as no longer is there a need on a driver’s dash for any other devices. Siyata’s customer base includes cellular operators, commercial vehicle technology distributors; and fleets in Canada, the U.S., Europe, Australia, and the Middle East.
The potential market size for Siyata’s products just in North America is US$13 billion. As one of the only companies to develop and sell a smartphone that is dedicated to commercial vehicles, Siyata will be targeting a market of ~14 million commercial and first responder vehicles just in the US.
Siyata Mobile teams up with AT&T and FirstNet
Already public information, Siyata Mobile is going to be launching their products with the AT&T Network and also with FirstNet, the First Responders Network. These two networks alone offer a multi-billion-dollar opportunity for the Company. There is a great significance with the AT&T network launch as it will allow Siyata to eventually upscale to the faster 5G network, thus enabling greater ease of access and communications speeds. 5G offers service providers not only greater speeds, but an uncluttered network, for example, 4G can handle 4,000 devices a square km, whereas 5G can handle one million devices a square km.
Siyata Mobile to grow as 5G grows
Siyata will continue its 5G development of in-vehicle offerings in preparation for future 5G technology demands. The Company’s intention is to complement the 4G/LTE UV350 hands-free device, offering a strong variety of cutting-edge product offerings. With 5G networks launched nationwide in North America, the Company aims to provide an in-vehicle 5G solution to meet the coming demand as it arises. By doing this they are future tech ready as well as remaining pioneers in the commercial fleet industry. The rollout of 5G should help Siyata Mobile.
Siyata Mobile’s flagship product is the Uniden® UV350 fleet communication device
The Uniden® UV350 fleet communication device sits in a category of its own in offering clutter free dashboards. The UV350 provides an all-in-one device providing a cell phone, a 2-way radio communications device, data, fleet management, dash cam, and a GPS navigation system all in one device. The Company also offers rugged handheld phones for industrial users as well as signal boosters for homes, buildings, and fleets with poor cell coverage. An example of ‘rugged” is the newly launched 4G/LTE UR7 rugged handset, that also folds up like a clamshell to fit in your pocket.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile Inc. said: “We have created a new category within the cellular device community. We are the first company to have developed a smartphone that is dedicated to commercial vehicles. It is a device that gives the ultimate communication for commercial vehicles.”
The Uniden® UV350 fleet communication device
Due to declining revenues in the Company’s 3G legacy product sales, the Company will move to a 4G/ LTE dominant product focused portfolio with both the Uniden® UV350 and 4G/LTE. These variants are expected to dominate the Company’s sales in 2019.
Ahead of the game and true pioneers in the commercial fleet industry, Siyata Mobile Inc., a venture top 50 company, has a big future with its cellular all in one device in the commercial fleet industry. Two networks alone are offering a multi-billion dollar opportunity, as is the potential to supply ~14 million commercial vehicles just in the US. Added to this will be global sales and once released customers upgrading to get the latest 5G Uniden® UV350 device.
Siyata Mobile’s revenue is forecast to more than triple from C$14.2m in 2018 to C$54m in 2019. That’s a 280% forecast revenue growth rate. The Company is expected to become profitable in later 2019 or early 2020.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>