MONTRÉAL, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V: SIM ) (OTCQX:SYATF) is pleased to announce that it has received an initial Purchase Order for 480 of its Uniden® CP250 4G/LTE tablet device from an undisclosed transportation company.
In additional to the Uniden® CP250 devices sold, the Purchase Order includes 480 licences with recurring revenue over a three-year term.
The Uniden® CP250 tablet/DVR connected vehicle 4G device is built for cellular voice calls, Push-to-Talk Over Cellular (“PoC”), data, and navigation with a built-in DVR camera and more.
The device was designed to be installed on the dash or mounted on a windshield, specifically for lighter commercial vehicles such as taxis, vans and delivery trucks. The large 5” wide screen display tablet based design makes installation a breeze and ensures safer communication for professional drivers.
Marc Seelenfreund, CEO and Chairman of Siyata, commented, “This is a great win for Siyata and our first transaction with a recurring revenue software component for one of our PoC devices. We believe the global transportation market poses a very large-scale opportunity for us with our new 4G connected vehicle products. We believe this will be the first of many recurring revenue streams for the company and we plan to put a lot of focus on the transportation vertical.”
According to the United States Department of Transportation, in 2015 there were over 12 million fleet vehicles in the United States. 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
PCG Advisory Group: Kirin Smith, Chief Operating Officer 646.863.6519 ksmith@pcgadvisory.com
Sales Department: Glenn Kennedy, VP Sales Siyata Mobile Inc. 416-892-1823 glenn_kennedy@siyatamobile.com
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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.
