Siyata Reports on Growing Demand for 4G Devices with Multiple Purchase Orders
May 17, 2018 (Source) — Siyata Mobile Inc. (the “Company” or “Siyata”) (TSX-V:SIM) (OTCQX:SYATF) is pleased to report the Company has recently received multiple purchase orders for its 4G/LTE devices amounting to over CAD$500,000. The purchase orders come from multiple industry verticals including; municipalities, a logistics company, a taxi service, a bus operator, and more indicating the growing demand for Siyata’s 4G/LTE Push-to-Talk Over Cellular (“PoC”) devices.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile commented, “Companies from various industries continue purchasing our 4G devices and we are able to see the extent of Siyata’s reach within the emerging 4G/LTE Push-to-Talk Over Cellular market. With the recent significant developments, such as launching our next generation portfolio and receiving major industry and Government approvals for our devices, we are confident that we are on the path to be leader in this large-scale space as the PoC 4G market continues to gain traction.”
The Uniden® portfolio that Siyata’s devices are distributed under, now bears three 4G/LTE cellular devices. The UV350, the world’s first 4G/LTE all-in-one fleet communications device; the CP250, a connected vehicle tablet/DVR 4G/LTE device built for lighter vehicles; and the UR7, the first 4G/LTE rugged smartphone in a clamshell form.
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 in-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
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.
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