NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: S
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Posted On: 07/29/2019 3:45:01 PM
NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) to Launch UV350 with Leading National Saudi Arabian Cellular Operator
Global developer and provider of cellular communications systems Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) today announced its receipt of an initial purchase order of $130,000 through a leading Saudi Arabian cellular operator to equip a single end-use customer’s fleet of emergency response vehicles with its UV350, an LTE all-in-one in-vehicle smartphone. Per the update, Saudi Arabia represents the Gulf Cooperation Council’s largest market for trucks and buses, with approximately 150,000 new units of commercial vehicles (“CVs”) added each year by 2022. Saudi Arabia’s move to eliminate oil dependency and raise revenue from non-oil activities and the resulting expansion of construction has fueled the need for a greater demand for commercial vehicles. “We are excited to be a new and innovative player in Saudi Arabia’s commercial vehicle market expansion and look forward to being a first mover vendor for the estimated 700,000 new commercial vehicles projected to be on the road by the year 2022,” Siyata CEO Marc Seelenfreund said in the news release. “Saudi Arabia’s CV market represents a major opportunity for Siyata’s growth, demonstrating the industry acceptance from leading national cellulars, end-use customers, and the worldwide market opportunity for our portfolio of innovative LTE push-to-talk devices.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global developer and provider of cellular communications systems Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) today announced its receipt of an initial purchase order of $130,000 through a leading Saudi Arabian cellular operator to equip a single end-use customer’s fleet of emergency response vehicles with its UV350, an LTE all-in-one in-vehicle smartphone. Per the update, Saudi Arabia represents the Gulf Cooperation Council’s largest market for trucks and buses, with approximately 150,000 new units of commercial vehicles (“CVs”) added each year by 2022. Saudi Arabia’s move to eliminate oil dependency and raise revenue from non-oil activities and the resulting expansion of construction has fueled the need for a greater demand for commercial vehicles. “We are excited to be a new and innovative player in Saudi Arabia’s commercial vehicle market expansion and look forward to being a first mover vendor for the estimated 700,000 new commercial vehicles projected to be on the road by the year 2022,” Siyata CEO Marc Seelenfreund said in the news release. “Saudi Arabia’s CV market represents a major opportunity for Siyata’s growth, demonstrating the industry acceptance from leading national cellulars, end-use customers, and the worldwide market opportunity for our portfolio of innovative LTE push-to-talk devices.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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