Siyata Mobile Reports Revenue of $5.2M in Q2 2017, a 150% Increase Over Q2 2016 and 4th Consecutive Quarter of Record Sales
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQB: SYATF) (the “Company” or “Siyata”) ) is pleased to announce it has posted record sales of $5.2MM in revenue for Q2 2017. This represents a ~150% increase over the Company’s Q2 2016 sales and an increase of ~7% over Q1 2017 as well as a fourth consecutive quarter of sales growth.
Marc Seelenfreund, CEO and Chairman of Siyata stated, “This was a record quarter for Siyata and a dramatic increase over Q2 2016. We have only begun to realize our large-scale market potential and are excited from the major opportunities that we are working on in North America.”
According to the United States Department of Transportation, in 2015 there were over 12 million fleet vehicles in the United States. 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.
The Company will announce its Q2 2017 results before the end of August 2017.
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.
SIYATA MOBILE INC.
Glenn Kennedy, VP Sales
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.