SIM.V/SYATF - Big news again. Gives me a warm fuzzy about them hitting their targets for next year (maybe they'll launch earlier?)
MONTRÉAL, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Siyata Mobile Inc.(SYATF) (the "Company" or "Siyata") is pleased to announce it has secured a distribution agreement with U.S. service provider CNM Wireless LLC for its Uniden® UV350 4G/LTE connected in-vehicle device.
CNM Wireless LLC distributes and provide logistics for wireless devices and accessories to a Tier 1 U.S. wireless operator exclusively, with which Siyata has commenced technical device approval.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile(SYATF), stated, “This is a major milestone towards our product launch with a tier 1 U.S carrier. This ensures that distribution and logistics are readily in place to fulfill orders for Siyata’s in-vehicle cellular PoC devices. We believe the timing of device approval for the UV350 is in line with the launch of FirstNet, the dedicated first responder public safety network that aims to replace traditional two-way radio with Band 14 compatible cellular devices.”
The first product to be distributed under this agreement is the Uniden® UV350 4G/LTE in-vehicle connected cellular device with Push-to-Talk Over Cellular (“PoC”), dedicated external microphones, speakers, battery connection, and hands-free driving features for safer fleet communications.
According to a recent report by Inkwood Research, the global Public Safety and Security market is projected to grow to $537.20 billion by 2024 at a CAGR of 10.91 percent between 2016 and 2024. The report notes: “Citizens and enterprises face continuous threats from cyber criminals, natural disasters, and terrorist attacks. This has increased the demand for public safety and security solutions across the world.”
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 a leading vendor for in-vehicle devices compatible on AT&T’s FirstNet Public Safety Network which operates on Band 14.
The flagship Uniden® UV350 4G/LTE device is currently undergoing device approval with both Canadian and U.S. Tier 1 operators, and the Company aims to receive device approval from the carriers in Q1 and Q2 2018 respectively.
