Siyata Mobile Receives $900K in Purchase Orders for 4G/LTE Push-to-Talk Over Cellular Devices
December 16 2019 - 8:00AM
Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM /
OTCQX:SYATF) is pleased to announce that the Company has received
two purchase orders totalling over $900,000 for its connected
vehicle and Push to talk over Cellular (PoC) solutions. One order
from a new customer totalling over $600,000 to equip their
connected vehicles with Siyata’s 4G/LTE in-vehicle solutions. An
additional $300,000 order was received from first responder
contracts, increasing the total purchase order from this customer
to over $3.25M since delivery commenced in 2018.
Marc Seelenfreund, CEO of Siyata Mobile states, “We continue to
win new business and see our existing customers increase orders and
buying our next generation 4G solutions. The clear end-user benefit
of shifting to PoC reduces capex and opex for our customers while
increasing functionality and safety over a nationwide cellular
network. We continue to deliver best-in-class PoC solutions to a
growing industrial and first responder workforce that are upgrading
to PoC from legacy hardware and LMR networks solutions.”
The Company also announces it has exceeded the required
commitments from the previous debenture holders on its recently
announced unsecured convertible debenture financing and is expected
to close on Monday, December 23rd, 2019.
About SiyataA 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 LTE all-in-one fleet communications device the UV350.
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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