Siyata Mobile is landing more fleet sales with analysts forecasting revenue to double in 2020

Siyata Mobile Inc. (TSXV: SIM | OTCQX: SYATF) is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for fleets, marketed under the Uniden® cellular brand. Siyata has recently teamed up with Canada’s largest wireless service provider Rogers Communications to expand its sales reach.

Some examples of Siyata’s fleet customers are the first responders (police, ambulance, fire), and other fleets (taxis, trucks, buses etc).

Siyata Mobile’s primary target markets

The Uniden® UV350 is now available through Rogers

The Uniden® UV350 is now available through Rogers who offers a full range of products and solutions for business customers. Rogers Communications Inc. (RCI) is the largest wireless service provider in Canada.

Marc Seelenfreund, CEO of Siyata Mobile, commented: “Launching the UV350 with the largest provider of wireless communications services in Canada continues to increase our reach and we are confident our innovative in-vehicle solution will continue to spread among enterprise and commercial drivers, creating an increasing demand as our brand recognition grows.”

The Uniden UV350 to be integrated with Nova Talk

The Company’s flagship Push-to-Talk LTE Uniden® UV350 in-vehicle device is to be integrated with Nova Talk, a leading enterprise solution for instant communication using a real-time push to talk and group text messaging system via the onboard app. The UV350 provides its enterprise customers with the first-ever dedicated in-vehicle Push-to-Talk (PTT) cellular solution built for the specific requirements of commercial vehicles.

The integration of the UV350 device has commenced with certain commercial vehicles of one of the largest automobile manufacturers in the United States. Drivers will be able to operate their device through the control panels of the commercial fleet vehicles. This integration is geared towards providing commercial vehicle drivers increased functionality, crystal clear sound quality, with fewer hardware accessories inside the vehicle cabin. The integrated device de-clutters the dash allowing drivers to keep their eyes on the road and hands on the wheel.

Siyata receives an additional order from a leading taxi technology distributor

Siyata Mobile has received an additional purchase order from a leading taxi technology distributor in Israel. This customer’s original purchase order of $360,000 has been increased to a total of over $850,000. The customer will equip their taxi drivers with the Company’s CP250 4G/LTE rugged Push-to-Talk mobile devices, in addition to its commercial vehicle devices. The CP250 allows seamless communication between drivers at the push of a button, with a dedicated microphone and speaker for crystal-clear sound.

CEO Marc Seelenfreund states: “This is a great customer for us that focuses on the taxi market vertical and is a strong validation for both our commercial vehicle and rugged mobile Push-to-Talk solutions. This additional purchase order aims to provide professional drivers with seamless communication between one another at the push of a button both inside their taxis and on the go”.

With approximately 22,000 taxis in Israel, this is another vertical, with a great opportunity to gain market share from traditional land mobile radio systems, which have supplied the market for many decades. The opportunity with this specialized distributor is many times the size of the initial purchase order and Siyata is looking forward to a valuable relationship with them to equip their large taxi customer base.

Siyata’s sales channels now exceed 200 million cellular network subscribers

The UV350 is now in enterprise sales channels with carrier partners which have a combined market cap in excess of $300 billion and over 200 million cellular network subscribers. Examples of these sales channels include the following:

  • At&T – 153 million subscribers
  • First Net (responders) – 450,000 subscribers
  • An Undisclosed Tier 1 US Carrier
  • Bell (in Canada) – 9.61 million subscribers

Large addressable enterprise vehicle market just in Canada and the US

  • Commercial truck market – There are over 17 million commercial trucks in the United States and over 1.1 million in Canada.
  • First responder market – Over ~3.5 million emergency vehicles estimated in the United States.

After several years establishing the Company and perfecting its products Siyata Mobile is now poised to take off. First responder and taxi fleet sales have started rolling in resulting in increased revenue for Siyata. Analysts forecast revenue to double in 2020 to reach C$31.4 million and Siyata to become earnings positive in 2020.

Siyata Mobile Inc. was founded in 2012 and is headquartered in Canada. The Company has a target price of C$1.09 representing a 221% upside.

Siyata’s Glenn Kennedy on addressing the communication needs of commercial fleet vehicles in North America

“The market that we are addressing is specifically for commercial fleet vehicles. Throughout North America, there are approximately 17 million commercial fleet vehicles that are on the road. We think we have a solution that is new, that is unique, that is in demand both by the customers who are operating these vehicles and also by the cellular wireless carriers both in the US and Canada.” States Glenn Kennedy, Vice President of Sales at Siyata Mobile Inc. (TSXV: SIM | OTCQX: SYATF), in an interview with InvestorIntel’s Tracy Weslosky.

Glenn went on to provide an update on Siyata’s deal with AT&T. He said that Siyata had its device certified and ready for sale with AT&T in the month of June of 2019. The company received its first US purchase order from a customer to equip their fleet of yellow school buses. He added that Siyata has a robust sales pipeline of other opportunities with AT&T customers who are looking at Siyata’s technology because they can’t get a solution like that from anyone else.

To access the complete interview, click here

Disclaimer: Siyata Mobile Ltd. is an advertorial member of InvestorIntel Corp.

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

Keeping your eyes on the road and your hands on the wheel

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.

CEO Marc Seelenfreund on Siyata Mobile leading the way in Commercial Vehicle Communications Devices

“We have been working for past two years to launch at US carriers. We launched at Bell at the end of last year. This is a very long process and very few companies are able to actually achieve device approvals at the US carriers. We actually  got our first purchase order from one of the largest carriers in the United States to do a trial with one of their leading customers and that was the PR that we put out. We are going to be launching our product with AT&T, its already a public information that was part of the PR that we put out. We are going to launching both with AT&T Network and also with the First Responders Network, the FirstNet. Between the two of those it is a multibillion-dollar opportunity for us…” States Marc Seelenfreund, CEO and Chairman of Siyata Mobile Inc. (TSXV: SIM | OTCQX: SYATF), in an interview with InvestorIntel’s Tracy Weslosky.

Marc went on to discuss their goal to work with the two largest US cellular carriers this year and a noticeable increase in US based investors. Marc also discusses their Uniden® UV350 fleet communication device, and how Siyata is one of the only companies to develop and sell a smart phone that is dedicated to commercial vehicles, targeting a market of over 13 million commercial vehicles in North America alone.

To access the complete interview, click here

Disclaimer: Siyata Mobile Ltd.  is an advertorial member of InvestorIntel Corp.