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Siyata Mobile Inc SYTA

Alternate Symbol(s):  SYTAW



NDAQ:SYTA - Post by User

Bullboard Posts
Comment by hrgoyalon Nov 12, 2019 11:26am
123 Views
Post# 30340001

RE:$800K in orders

RE:$800K in ordersGood news is bad news and Bad news is bad for SIM at this time. 800K order but stock is down 0.5 cent

Pandora wrote:
Amazing, $800,000 in orders and not only can it not get over 30 cents in two hours after the news , it also can't even attract a comment on this board. Not a lot of interested followers I guess.

MONTREAL, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM / OTCQX:SYATF) is pleased to announce that the Company has received ~$800,000 in purchase orders for its UV350, CP250 and CP100 in-vehicle cellular devices through Tier 1 Carriers and distributors for a variety of end use customers.

Marc Seelenfreund, CEO of Siyata Mobile, commented, “We have high quality in-vehicle cellular devices that are desirable in a market where demand for Push-to-Talk over Cellular instant communication is growing worldwide. With no known direct competing in-vehicle cellular vendors, the Company continues to advance large scale trials, build its sales opportunities and has a strong pipeline for Q4 and beyond both in the U.S. and internationally.”

New data from VDC Research estimates that there are ~17M first responders and commercial vehicles in the United States alone. The continuous migration from land mobile radio (LMR) to PoC comes from various influences, including the increasing number of Push-to-Talk communications users, demand for broadband data applications, and the cost of LMR equipment and infrastructure. This research also forecasts the US population of PoC users to grow from 4.5 million in 2019 to 7.5 million by 2023, a CAGR (compound annual growth rate) of 13.6%.

This increase in PoC demand creates an urgency for both Canadian and American cellular carriers to win the businesses of new customers looking to migrate to PoC. With increasing competition between the carriers, the Company is in an excellent position to capture market share in this paradigm shift from traditional PTT to PoC



Bullboard Posts