Siyata Mobile Signs Supply Agreement with Leading Tier 1 U.S. Cellular Operator for Uniden® UV350
November 19, 2018 (Source) — Siyata Mobile Inc. (the “Company” or “Siyata”) (TSX-V: SIM | OTCQX: SYATF), a leading global developer and provider of cellular communications systems, is pleased to announce the completion of a supply agreement with a leading Tier 1 cellular carrier in the United States. This agreement is a prerequisite to launching the Uniden® UV350 with this operator in the U.S. and covers all the terms and conditions related to the distribution, pricing, logistics, warranty, legal terms and more.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, “This is a major milestone for Siyata which we have been working towards over the past two years. With over twelve million commercial fleet vehicles and nearly two million first responder vehicles in the U.S., the UV350 PTT device is a multibillion-dollar opportunity and we believe we can dominate market share as developers of the world’s first and only-in vehicle smartphone with North American carrier distribution.”
The Uniden® UV350 is the world’s first and only dedicated 4G in-vehicle smartphone with Push-to-Talk over Cellular (“PoC”) while being compatible on Band 14. As an all-in-one, purpose-built in-vehicle smartphone designed to upgrade single purpose hardware, the Uniden® UV350 creates in-vehicle efficiencies never seen before in the commercial fleet and vehicle market.
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
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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.
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