Siyata Mobile Partners with Nexar, the World’s First Vehicle-to-Vehicle Network
Combined Offering Connects Commercial Vehicles for Safer and Accountable Driving Behaviours
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQB: SYATF) (the “Company” or “Siyata”) today announces that it has entered into an integration and resale partnership with Nexar Inc, a community-based artificial intelligence (AI) dash cam application.
Founded in early 2015, Nexar’s mission is to rid the world of car crashes by forming the world’s first vehicle-to-vehicle network connecting all the application dash cam instances into a real-time collision avoidance network. The AI software instantly detects dangers on the road and shares that information with nearby vehicles to predict and prevent collisions, including forward-collision warnings. Nexar also enables fleets to monitor their activity and drivers with a simple cloud-based dashboard.
“We are excited to partner with Siyata to enhance the Nexar Safe-Driving Ecosystem and enable us to better support the unique needs of commercial fleets and heavy vehicles,” said Eran Shir, CEO and Co-Founder of Nexar. “Our AI-powered driver assistance technology provides an extra set of eyes that protects professional drivers and gives peace of mind to fleet owners.”
Marc Seelenfreund, CEO and Chairman of Siyata Mobile commented, “We are very excited to work with Nexar as we believe that they have cutting edge, innovative software for the commercial fleets. The synergy between Siyata’s superior hardware and Nexar’s differentiated software is creating a new product category.”
As part of the partnership,Siyata will pre-load Nexar’s software on its recently launched Uniden® CP250 and sell the combined package to its customers and in addition Nexar will distribute the CP250 to its customer base.
Siyata Mobile Inc. is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden® Cellular brand. Since developing the world’s first 3G connected vehicle device, Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device in 2017. Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world.
Siyata also offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.