Siyata Mobile Begins Delivery of $3M to $5M of Rugged and In-Vehicle Push-to-Talk Devices
MONTREAL, March 23, 2020 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM / OTCQX:SYATF) is pleased to announce that it has commenced delivery on its large government tender for up to 15,000 push-to-talk devices, previously announced on .
Depending on the total units and mix between rugged handsets and in-vehicle devices, the tender is valued between $3-million to $5-million and with the majority of the order anticipated to be delivered in Q1 and Q2. The Company recognizes revenue upon delivery of devices.
Marc Seelenfreund, CEO of Siyata Mobile comments, “Make no mistake, push-to-talk devices are mission critical solutions for public safety workers on the first line of defense; they are supported by dedicated cellular networks to improve communication, while increasing situational awareness and functionality through different applications and data capabilities. We are seeing increased interest in our devices amidst the global concerns of Covid-19 and believe will continue to have demand for our IoT devices by providing better situational awareness and communication for the lines of first defence.”
About Siyata
A TSX Venture Top 50 Company, 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 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.
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On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Marc Seelenfreund
CEO
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
Sales Department:
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
416-892-1823
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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.
