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Tuesday, 01/08/2019 10:32:59 AM

Tuesday, January 08, 2019 10:32:59 AM

Post# of 10796
this was posted on Stockhouse board. I am trying to find out where it came from. The details are nice. End customer was poached from another cell company and the sales cycle was only 10 days. I am a little worried about the longer sales cycle for big fleets. Big companies won't dump their main communications lifelife to their fleet unless they are convinced it will improve performance AND save money. Takes time for them to make a decision. Could delay the trajectory of the Siyata sales campaign.

But if it's a matter of days to make a sale??? 2019 could be a winner.

Again how long it takes to get full approval and initiation of the sales campaign in the US is crucial to actual sales results for Siyata.

Sales for their 3G devices, which make up most of the $18million they sold in 2018 will crater. Will the UV350 ramp up to make up for the lost sales AND increase sales? Longer term, I'm not worried but there could be short term hiccups when the financials are released.

Here is the review of yesterday's PR

News Release - significance of
This morning Siyata Mobile (SIM: TSX.V) announced its first major purchase order through BELL Mobility Canada for an important end user in Hamilton, Ontario, for its flagship Uniden UV350 device. This is significant news for the company as its launches its proprietary devices in Canada and the US this year, selling through major cellular carriers and their distributors.

Why is this important to Siyata:

1. The customer who ordered for their fleet in Hamilton ON has a presence in almost every major city in Canada in a vertical the Company has never previously sold into;
2. The customer removed its existing radio systems and Samsung Tabletsas part of their migration to Siyata devices, demonstrating their superior functionality;
3. Bell Canada was able to recruit and poach the customer from another Tier 1 carrier, as Bell is the only Canadian carrier with the UV350 in their portfolio at this present time;
4. Bell and other carriers are incentivized to sell Siyata devices to help improve their average revenue per user (ARPU), as customers must pay a monthly SIM card fee to use the devices;
5. It was an extremely short sales cycle (approximately 10 days) illustrating the quality of the devices and the customers' eagerness to have them installed;
Conclusion

For years companies and drivers have relied on restrictive radios and cluttered their cabin with multiple devices (GPS, fleet management device, time log etc.) There has never been a dedicated in-vehicle cellular device available on the market. Bell, who has the largest push-to-talk (PTT) network in Canada is now selling the Uniden UV350 and the Company believes this first sale is a very telling sign of the inevitable shift from land mobile radio (LMR) systems to a consolidated cellular solution that offers price savings, business efficiencies and improved driver safety. Two large scale US carrier announcements are still pending and will have even greater significance for Siyata's sales reach.


Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.sim&postid=29199458#qDaXQ0DHsCmOS3z0.99

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