SIM.v / SYATF Here is some valuable extra "color" or context for today's news, in an email from Trenton Kwan of IR (KIN Communications). I was especially struck by his mention of "recurring revenues" possibility with these clients-- i assume he means recurring revenues for Siyata, not just for software vendors....
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Fellow Investors,
Thought I would provide a brief note on today’s announcement: (Full Release)
In August 2019 Marc noted:
“Part of our strategy is to sell third party software applications in conjunction with our devices and we are pleased to announce this meaningful software deal. As our innovative LTE in-vehicle and mobile devices continue to gain traction, our customer base becomes a meaningful platform for software companies to offer their applications to enterprises [...] ” (Full Release)
Today’s announcement is a significant step forward for Siyata Mobile’s efforts to both drive device sales and work towards building some software-based recurring revenues.
Some existing Software Integrations with Siyata’s Product Suite (Primarily the UV350):
Siyata has previously announced a number of software integrations to further their above-mentioned objective. Of the companies listed below only Motorola Solutions also has a hardware (LMR) business.
WAVE PTT (Motorola): - More info on WAVE PTT (hyperlink)
Siyata Mobile to Demonstrate UV350 Running Motorola WAVE PTT at APCO 2019. (Full Release)
CrisisGo:
Siyata Mobile and CrisisGo Bring Instant Emergency Communications Solution to the Nation’s Yellow School Bus Drivers.
(Full Release)
Tango Tango:
Tango Tango, a FirstNet Certified™ Application and Service Provider, Partners with Siyata Mobile. (Full Release)
ESChat:
Siyata Mobile UR7 Rugged Clamshell Device Now Integrated With ESChat PTT. (Full Release)
Some Significant Players in the LMR Space:
According to ICT research firm Technavio, some of the key vendors in the LMR space include (Hyperlink):
Airbus Group
Harris
Motorola Solutions
Thales Group
I don't have the contract details but I personally think today's announcement is one of the more significant ones in recent memory. Both I and the Company are keenly aware the Shareholders are looking for sales and new orders and this new Supply Agreement will hopefully be a big step forward on those fronts.
Please call me if you have any residual questions.
All best,
Trenton Kwan
Investor Relations
604 684 6730 | 1 866 684 6730
trenton@kincommunications.com
Want to Connect?: Click Here to schedule a meeting.
KIN Communications
#100 - 736 Granville Street
Vancouver, BC V6Z 1G3
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