Siyata Mobile Inc. (TSX-Venture:SIM) has exciting new projects on the horizon.
The Montreal-based mobile supplier announced Tuesday that U.S Tier 1 Carrier network approval is nearing completion, and the company has initiated trials with multiple end-use large-scale potential customers in various industry verticals. As a result, Siyata expects initial purchase orders from these end-use customers through the U.S Tier 1 carrier during the current quarter.
CEO Marc Seelenfreund said, “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.
“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."
SIM shares took on three cents, or 6.6%, Tuesday to 48.5 cents, on volume of 125,000.