RE:what is the milestone we need to get this stock launched Siyata has based it strategy on the fact that telecom/cellular companies don't want to keep operating slow 2G networks for Land Based Radios. IF these networks are phased out, there is a large market of commercial vehicles and First Responders that need new networks and devices.
The First Responders have their "network of the future" planned. It's not mandatory but all the states in the US support the development of the First Responder network. It is based on a separate cell network being developed by AT&T that will allow different First Responders to communicate with each other in big emergency situations like 9/11.
Siyata has their new 4G multifunction device that will serve both markets, the UV-350. That unit is being tested now by a Tier One carrier in the US and Canada. The device is being tested for safety, reliability and functionality by third party testers for the carriers. Siyata pays for these tests.
Once the tests are done to the satisfaction of the Tier One carriers, they will allow Siyata to sell the devices AND allow the devices to operate on their cell networks.
Siyata has designed and built the UV-350 but can't sell a workable unit until the Tier One carriers approve them for use on their networks. These approvals are crucial for Siyata because without these approvals, Siyata has some nice looking hood ornaments that cannot be used in the real world.
So the initial catalyst is the Tier One Carrier approval in either the US or Canada. The US is more important because the market is huge compared to Canada but either one would signal approval for both is likely. THEN the sales, delivery and functional operation of these devices in both countries can begin. I expect it will take time to get big companies to switch over legacy equipment that drivers and staff are very familiar with but this equipment will improve driver functionality and efficiency and that equals $$$$ to companies. For First Responders, it could save lives. So I expect the markets will be big enough to allow Siyata to continue it's high sales gains to the $100million/year range in a couple of years from today's 20million.
Tier One Carrier Approval. Watch for the PR. It won't guarantee that the devices will perform as advertised or that Siyata can penetrate the commercial and First Responder markets but it is the key to beginning the journey of higher sales, higher margins and higher profits.