SIM.v/SIMFF -.03 to C$.27
looks like somone knew this PR was going to be released today and bought on Friday, pushing price to C$.30. Low volume sell so not concerned but this should be the start of good news from US sales. US sales are going to be at better margins than Israeli sales so gross margins should continue to improve and profits should show up in 2017. Normal sales are around c$3 million/qtr so this is a significant order.
December 5, 2016
Siyata Mobile Receives Over $1M In Orders For Its Push-To-Talk Devices
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM / OTC PINK:SIMFF) (the "Company" or "Siyata") is pleased to announce that it has received purchase orders for its various Push To Talk Over Cellular (“PoC”) devices (Connected-Vehicle and Mobile Rugged Devices) from an undisclosed mobile operator valued at over $1M CDN.
The purchase order is the largest single PO to date for Siyata’s PoC devices and are expected to be delivered within Q1 2017. Siyata currently offers both connected vehicle and mobile PoC devices and the operator is purchasing both product categories for their enterprise customers.
Siyata CEO Marc Seelenfreund commented, “This is a great achievement for Siyata as this mobile operator is fully adopting both of our product categories for their Push To Talk enterprise customers. With Kodiak Push-to-Talk software fully integrated into our devices, the offering is a very robust solution that we continue to see demand for in multiple markets. PoC is a very fast growing category in the mobile world and we plan to be an industry leader in this space.”
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.
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About Siyata
Siyata Mobile Inc. is a leading global developer and provider of innovative cellular communication systems under the Uniden® Cellular brand. Siyata’s “Connected-Vehicle” devices and accessories are specifically designed for professional fleets including trucks, vans, buses, emergency service vehicles, government cars and more.
Siyata also markets and sells Uniden® cellular signal boosters and accessories as well as rugged mobile phones for both the consumer and enterprise markets. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the US, Europe, Australia, and the Middle East.
Visit www.siyatamobile.com and www.unidencellular.com to learn more.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Marc Seelenfreund
CEO and Director
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
SIM@kincommunications.com
Paradox Public Relations
Carl Desjardins
514-341-0408 or Toll Free: 1-866-460-0408
info@paradox-pr.ca
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