MONTREAL, QC--(Marketwired - August 31, 2016) - Siyata Mobile Inc. (the "Company" or "Siyata") (TSX VENTURE: SIM) (OTC PINK: SIMFF) is pleased to announce it has received a new $400K CDN purchase order for its Voyager Surf3 device from a defense contractor. This is in addition to the two recently announced defense and government contract purchase orders, which totalled $2.3M CDN.
CEO of Siyata, Marc Seelenfreund states, "We are very pleased to continue on our momentum of orders in Q3 and believe that this will allow us to achieve strong growth in revenue and increasing gross margins in the second half of 2016. This was the largest purchase that we have received to date for our Voyager Surf3 product and we see a lot of potential in the market for these devices."
The Voyager Surf3 is an innovative, cost-effective, rugged, connected 4G cellular-based Wi-Fi device for commercial vehicles such as buses, trains and other industrial fleets that allows up to 15 users (per device) to surf the Web simultaneously. It enables mobile broadband connectivity into vehicles for delivering smart metering, on-board Internet, video applications, truck information, entertainment systems, mobile advertising and more.
Siyata Mobile Inc. is a leading global developer and provider of innovative cellular communication systems. Siyata's "Connected-Vehicle" devices and accessories are specifically designed for professional fleets such as trucks, vans, buses, ambulances, government cars and more. Siyata aims to provide greater mobile connectivity for professional drivers and to facilitate replacement of the current in-vehicle, multi-device status quo with a single device that incorporates voice, data, and fleet management solutions.
Through its newly acquired subsidiary Signifi Mobile, Siyata also markets and sells Uniden® cellular signal boosters and accessories across Canada and the United States. Siyata's customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the US, Europe, Australia, and the Middle East.
Visit www.siyatamobile.com to learn more.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
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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.