Siyata Mobile $SIM posted sales of $4.85MM CDN in revenue for Q3 2017.

Siyata Mobile

(TSX-V:SIM) (OTCQB:SYATF)

Siyata Mobile Inc. is pleased to announce it has posted sales of $4.85MM CDN in revenue for Q3 2017. This represents a 30% YoY increase over the Company’s Q3 2016 sales of $3.7MM CDN and a slight 6% decrease over Q2 2017, mostly due to the Canadian dollar strength over the US dollar.

“This has been our strongest year to date with $14.85 million in the first nine months, a 78% increase over the first nine months of 2016. We are in a very favorable position to end the year strong, and are focused to take full advantage of our large-scale markets in 2018 with the launch of our various next generation 4G products at Tier 1 carriers around the globe.”

-Marc Seelenfreund, CEO and Chairman of Siyata Mobile

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.