Montréal, Québec -- February 07, 2017 --
InvestorsHub NewsWire -- 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.
About Siyata
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.
Visit www.siyatamobile.com and http://www.unidencellular.com/ to learn more.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Marc Seelenfreund
CEO and Chairman
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
SIM@kincommunications.com
Sales Department:
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
416-892-1823
glenn_kennedy@siyatamobile.com
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.