RE:bobwins: does device approval translate into immediate Device approval will mean that the Tier 1 vendor will begin marketing the device to their customers. If the Tier 1 vendor is someone like AT&T, it will take some time for them to convince their big customers to change but with hundreds of thousands of good sized fleet customers, this approval will mean the door is open to hundreds of millions of dollars worth of orders.
Drivers who are writing off their personal cell phone may not want to switch but that is not the customer Siyata is aiming for. They will want BIG fleets that value convenience, safety and consistent productive performance from their drivers. Yes these type of customers will take longer to win over but I think the rewards will be big.
Siyata already has big sales volume increases for the past several years. This device approval could mean the difference between tens of millions in annual sales volume and HUNDREDS of millions in sales.
I don't expect immediate sales immediately after approval but when the sales come, they will likely be big and impactful.
If this doesn't sound like your cup of tea, Siyata may not be the stock for you. Their record of sales increases has been big so their products do sell. The 4G products should sell well in the US, the biggest market for this type of product. If they get device approval in mid 2018, you probably wouldn't see huge increases until 2019. Not overnight success but a continuation of impressive sales increases and hopefully profitability.