Siyata to Release 2018 Q2 Financials August 29th, 2018 and Host Investor Conference Call August 30th, 2018
August 24 2018 - 3:05AM
Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM /
OTCQX:SYATF) is pleased to announce it will be releasing its 2018
Q2 financials August 29th, 2018 and will be hosting a conference
call to discuss these results on Thursday August 30th, 2018 at 9:00
AM EDT (6:00 AM PDT).
As previously announced on July 9th, 2018, combined with a
highly successful early launch of its 4G/LTE Push-to-Talk Over
Cellular (PoC) device portfolio over the second quarter, the
Company achieved sales in excess of $5-million. The growth in
revenue comes after the two previous quarters were focused on
shifting new and existing customers from legacy 3G products to the
new 4G/LTE portfolio. Purchase orders were received by cellular
operators, two-way radio vendors and distributors around the globe
and sold to first responders, municipalities, hotels, bus, and
other logistics and transportation companies. The company also
reports it is receiving excellent feedback from the carriers that
are selling the 4G portfolio and its end use customers.
Marc Seelenfreund, Chairman and CEO of Siyata commented, "We had
a strong second quarter with a focus on our 4G Push to Talk product
portfolio which also allowed us better gross margins than what we
had historically. In addition to our growing sales worldwide, we
are making great progress towards our UV350 launch with the North
American Tier 1 cellular operators and will provide an update on
the conference call."
Siyata's revenue since the launch was greater than any other
portfolio in the company's history and is a telling sign of the
strong demand from cellular operators and their customers looking
to replace aging two-way radio technology to smarter, more
advanced, 4G/LTE systems to communicate. Android-based applications
and other features available on Siyata's devices help improve
driver/worker safety and enterprise efficiencies not offered by
traditional two-way radios and is a major selling feature of
Siyata's 4G/LTE devices. As cellular operators generally do not
generate revenue from two-way radio communication, there is a
strong push for cellular operators around the world to gain market
share from two-way radio network providers. In order to do this,
cellular operators need to replace two-way radio systems with
cellular-based hardware to be compatible on their network with a
SIM card.
To view Siyata’s recent marketing video on the innovate Uniden®
UV350, please click here:
The company will hold the conference call on Thursday August
30th, 2018 at 9:00 AM EDT (6:00 AM PDT) to discuss the quarterly,
along with a Q&A session with Siyata Mobile CEO and Chairman,
Marc Seelenfreund.
Details of the conference
call:
Date: Thursday August 30th, 2018 Time: 9:00 AM EDT (6:00 AM
PDT)North America dial-in number: 1 (866)
521-4909International 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.
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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