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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Siyata Mobile Inc    SIM   CA83013Q1037

SIYATA MOBILE INC

(SIM)
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Siyata Mobile : Network Approval for Siyata Mobile's Uniden UV350 Nearing Completion

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02/12/2019 | 11:56am EDT

Siyata Mobile (TSXV:SIM, OTCQX:SYATF) announced on Tuesday that network approval with a US Tier 1 Carrier for its Uniden UV350 device is nearing completion.

The global provider of cellular communication systems for enterprise customers said that it anticipates US Carrier Launch and initial purchase orders of its device in Q1.

As quoted in the press release:

“There is a very large unmet need in the market in which we were able to identify early and are very pleased to be bringing the world’s first 4G/LTE smartphone in the U.S through Tier 1 carriers to meet these needs of commercial fleets and vehicles and first responders,” said Marc Seelenfreund, CEO of Siyata Mobile. “The upgrade towards Push-to-Talk over Cellular networks is inevitable for enterprises due to cost savings and carrier-grade nationwide coverage while removing the need for multiple single purpose hardware, and increasing worker and public safety. We look forward to bringing our innovative and highly efficient technology to the market with U.S carriers in Q1 and beyond.”

Details on the Tier 1 carriers launching the Uniden® UV350 will be made available upon commercial launch of the device in addition to the UV350 being available at Ingram Micro and at CNM Wireless.

Click here for the full text release.

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The post Network Approval for Siyata Mobile’s Uniden UV350 Nearing Completion appeared first on Investing News Network.

© 2019 Investing News Network. All Rights Reserved., source Investing News Network

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Financials (CAD)
Sales 2018 16,4 M
EBIT 2018 -2,33 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 3,76x
Capi. / Sales 2019 1,14x
Capitalization 61,6 M
Chart SIYATA MOBILE INC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 0,85  CAD
Spread / Average Target 60%
EPS Revisions
Managers
NameTitle
Marc Seelenfreund Chairman & Chief Executive Officer
Gerald Bernstein Chief Financial Officer
Gidi Bracha Vice President-Technology
Stephen Ospalak Independent Director
Michael Kron Independent Director
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