- Siyata Mobile offers the world’s first and only dedicated in-vehicle, 4G/LTE-capable smartphone specifically designed to optimize mobile communications while driving
- The company’s focus is on what three financial analysts suggest is a $13 billion total addressable market in North America, with no direct competition
- Siyata’s UV350 is the first in-vehicle mounted phablet approved for use on both the AT&T and FirstNet networks
Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF), a leading global developer and provider of 3G and 4G/LTE in-vehicle smartphone cellular solutions, is making a major claim – development of the world’s 4G/LTE vehicle-mounted cellular device specifically designed for first responder and commercial fleet vehicles. Siyata Mobile is the only cellular vendor with a dedicated in-vehicle device – the Uniden UV350 – targeting this unique market segment in North America, which company research suggests is a more than $13 billion market (http://ibn.fm/pE0eE).
On a broader scale, the global LTE market is projected by Allied Market Research to reach $997 billion by 2020, growing at a compound annual growth rate of 58.2 percent from the forecast period of 2013-2020 (http://ibn.fm/9pxIQ). The report specifically identifies first responders as a sector seeking to adopt the more robust and high-speed communication service provided by 4G/LTE devices.
Siyata Mobile’s FirstNet Ready Uniden UV350 4G/LTE In-Vehicle Device for Public Safety (http://ibn.fm/U9fpc) is designed for the cabin of fire trucks, ambulances and police squad cars, combining the functions of multiple devices into one. It supports the FirstNet band 14 spectrum and gives public safety subscribers access to the dedicated, physically separate FirstNet network core that provides priority during emergencies.
With an estimated 10 million commercial trucks on America’s roadways and more than 3.5 million emergency vehicles responding to public safety needs, that’s a market segment Siyata Mobile is prepared to serve, said CEO and Chairman Marc Seelenfreund said in an interview with InvestorIntel (http://ibn.fm/V6p9Z).
“We have created a new category within the cellular device community. We are the first company to have developed vehicle mounted phablet, dedicated for the needs of commercial vehicles. It is a device that gives the ultimate communication for commercial vehicles,” Seelenfreund stated in the interview. The UV350 runs on cellular LTE networks that provide nationwide and global coverage, replacing traditional single purpose two-way radios that require a large CAPEX, monthly fee and limited network coverage.
For more information, visit the company’s website at www.SiyataMobile.com
NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
