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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Siyata Mobile Inc | TSXV:SIM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.50 | 6.25 | 6.90 | 0 | 01:00:00 |
FirstNet was created in response to the terrorist attacks of Sept. 11, 2001, when New York first responders were hampered by inoperable communication networks. FirstNet is partnering with AT&T in building an LTE-based wireless network for public safety using AT&T’s existing LTE network alongside FirstNet’s 700 MHz spectrum, otherwise known as “Band 14” and represents 20 MHz of highly desirable spectrum that provides good propagation in urban and rural areas.
The First Responder Network Authority’s public-private partnership with AT&T provides first responders with immediate access to mission-critical capabilities over the FirstNet network. This includes priority and preemption features that give first responders their own ‘fast lane’ on the public safety network to communicate and share information during emergencies, large events or other situations when commercial networks could become congested.
Marc Seelenfreund, CEO and Chairman of Siyata Mobile, states, “FirstNet will forever change the way first responders communicate and it should be applauded by the citizens of America. The launch of our Uniden UV350 in-vehicle cellular device coincides with the roll out of FirstNet, and greatly improves in-vehicle communication and safety during mission critical situations. As these hardware upgrades take place to be compatible on Band 14, we firmly believe the Uniden UV350 will be at the forefront of this paradigm shift in the industry.”
According to FirstNet’s press release issued December, 29, 2017 key milestones and activities planned for 2018 include but not limited to:
As previously announced on July 24, 2017 Siyata Mobile commenced device approval for the UV Uniden® UV350 with a U.S. Tier 1 Cellular Operator. Additionally, Siyata recently secured a distribution agreement with CNM Wireless LLC, which provides distribution and logistics for wireless devices and accessories to a Tier 1 U.S. wireless operator exclusively, with which Siyata has commenced technical device approval.
The flagship Uniden® UV350 4G/LTE device is currently undergoing device approval with both Canadian and U.S. Tier 1 operators, and the Company aims to receive device approval from the carriers in Q1 and Q2 2018 respectively.
According to a recent report by Inkwood Research, the global Public Safety and Security market is projected to grow to $537.20 billion by 2024 at a CAGR of 10.91 percent between 2016 and 2024. The report notes: “Citizens and enterprises face continuous threats from cyber criminals, natural disasters, and terrorist attacks. This has increased the demand for public safety and security solutions across the world.”
About Siyata
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.
Visit www.siyatamobile.com and http://www.unidencellular.com/ to learn more.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Marc Seelenfreund CEO and Chairman
Investor Relations: Arlen Hansen Kin Communications 1-866-684-6730 SIM@kincommunications.com
Sales Department: Glenn Kennedy, VP Sales Siyata Mobile Inc. 416-892-1823 glenn_kennedy@siyatamobile.com
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.
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