Siyata Mobile Receives Additional $1MM Purchase Order from Global Two-Way Radio Vendor
May 31 2018 - 8:00AM
Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM)
(OTCQX:SYATF) is pleased to announce that a global two-way radio
vendor has purchased an additional $1 million of the Company’s 4G
devices, following a $400K Purchase Order announced April 12, 2018.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented,
"This additional purchase order is a strong indication of the early
success of our 4G portfolio launch. We are witnessing strong
adoption of our 4G portfolio with multiple customers purchasing our
commercial vehicle and rugged mobile devices. Our strategy to
replace aging two-way radio systems with cellular based
Push-to-Talk solutions remains extremely relevant in the rapidly
changing landscape of converting these types of analog systems to
more advanced and robust cellular based solutions such as PTT.”
As a reminder, the company will hold a conference call this
morning, Thursday, May 31, 2018, at 9:00am EST (06:00am PST) to
discuss Q1 2018 results, along with a Q&A session with Siyata
Mobile CEO and Chairman, Marc Seelenfreund and CFO Gerry
Bernstein.
Details of the conference
call:
Date: Thursday, May 31, 2018Time: 9:00 a.m. ET / 6:00 a.m.
PTOperator Assisted Toll-Free Dial-In Number:
1-866-521-4909Local or
International Dial-In Number:
1-647-427-2311
There will also be a playback of the conference call, available
in MP3 format by contacting investor relations below.
According to the U.S. 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 (proof of concept) solutions and other software
applications.
About Siyata
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.
Visit www.siyatamobile.com and
http://www.unidencellular.com/ to learn more.
On Behalf of the Board of Directors
of:SIYATA MOBILE INC.Marc SeelenfreundCEO and
Chairman
Investor Relations:Arlen HansenKin
Communications1-866-684-6730SIM@kincommunications.com
Sales Department:Glenn Kennedy, VP SalesSiyata
Mobile Inc.416-892-1823glenn_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.
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