Siyata Mobile Inc.: Transportation Company Purchases Additional 200 Devices and Recurring Revenue Licenses
February 7, 2018 (Source) — Siyata Mobile Inc. (the “Company” or “Siyata”) (TSX-V:SIM) (OTCQX:SYATF) is pleased to announced that an undisclosed transportation company, which placed a purchase order (“PO”) for 480 devices on November 27, 2017 has placed an additional purchase order for 200 devices and 200 software licences, which is recurring revenue, for its CP250 Tablet/DVR Connected Vehicle 4G Device.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, “This additional purchase order cements our hardware and software sales strategy and we believe the global transportation market will become very lucrative for us. This is one of many deals that builds our hardware and recurring revenue that contributes towards our anticipated 50% growth in 2018 as we witnessed in 2017. The 4G connected vehicle market continues to be a very large-scale market for us, and we will expect to continue to announce recurring revenue deals in 2018.”
According to the United States 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 solutions and other software applications.
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
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