MONTRÉAL, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (the "Company" or "Siyata") (SIM.V) (SYATF) is pleased to announce it has won a first responder contract valued at over $1.5MM for multiple Push-to-Talk Over Cellular (“PoC”) devices, including accessories.
In addition to the devices sold, the contract also includes three (3) year recurring software revenue valued at $450k. The Company expects the contract to double in size in 2018.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, “This is a major win for Siyata which will create strong momentum for both our hardware and software offerings going into 2018. We are becoming a major force in the global Push-to-Talk Over Cellular market and believe that this is the first of many large scale opportunities for Siyata in this emerging market.”
Together with the Company’s UCP100 and UCP200 Uniden® 3G devices, the Uniden® portfolio now bears an additional two (2) 4G/LTE cellular devices. The UV350, the world’s first 4G/LTE all-in-one fleet communications device and the CP250, a connected vehicle tablet/DVR 4G/LTE device built for lighter vehicles.
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.
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.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
CEO and Chairman
PCG Advisory Group:
Kirin Smith, Chief Operating Officer
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
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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.