Transportation Company Purchases Additional 200 Devices Transportation Company Purchases Additional 200 Devices and Recurring Revenue Licenses
Wednesday, February 07, 2018
Transportation Company Purchases Additional 200 Devices and Recurring Revenue Licenses
03:05 EST Wednesday, February 07, 2018
MONTREAL, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM) (OTCQX:SYATF) is pleased to announced that an undisclosed transportation company, which placed a purchase order (“PO”) for 480 devices on November 27, 2017 has placed an additional purchase order for 200 devices and 200 software licences, which is recurring revenue, for its CP250 Tablet/DVR Connected Vehicle 4G Device.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, "This additional purchase order cements our hardware and software sales strategy and we believe the global transportation market will become very lucrative for us. This is one of many deals that builds our hardware and recurring revenue that contributes towards our anticipated 50% growth in 2018 as we witnessed in 2017. The 4G connected vehicle market continues to be a very large-scale market for us, and we will expect to continue to announce recurring revenue deals in 2018."
According to the United States Department of Transportation, in 2015 there were over 12 million fleet vehicles in the United Sates. Siyata aims to be the leading provider of connected vehicle and mobile hardware solutions as these commercial fleets upgrade their communication platforms to be compatible with next generation networks, PoC solutions and other software applications.