Siyata Mobile Issues Letter to Shareholders to Provide Business Update

MONTREAL, June 30, 2020 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (TSX-V:SIM / OTCQX:SYATF/ FRA: WK3D) is pleased to announce that Marc Seelenfreund, CEO, has the following public address to make.

Dear Fellow Shareholders,

As the global COVID-19 pandemic continues to evolve, we want to address the current situation as well as discuss how our company has transformed itself over the past year. First and foremost, our top priority is the health and safety of our employees and their families as well as our customers and partners. Because many of our customers are considered “essential,” we have continued to provide our products throughout COVID-19 related lockdowns, without compromising the safety of our employees.

Over the past twelve months, Siyata has achieved a number of transformational milestones that are integral to our vision of becoming a global leader in designing and developing Push-to-Talk over Cellular devices as well as cellular booster products with a focus on enterprise customers and first responders.  We have executed on a number of initiatives, including an appointment of a seasoned telecom and enterprise VP Sales executive for the AT&T account, key telecom sales veteran hires focused on key accounts in the US market, enhancements to our product portfolio, a new geographic focus on the North American market, new methods of distribution, as well as critical new wireless carrier partnerships. In addition, COVID-19 emphasized the need for better communication products primarily for first responders, resulting in a positive impact on our sales and interest in our various product lines. 

One of the most important additions to our product portfolio has been the Uniden UV350, a specialty Android Smartphone IoT device that supports Cellular voice calls, Push-to-Talk calls over Cellular networks, as well as multiple fleet management apps required for 21^st century commercial vehicle fleets. In 2019, this product was certified for sale by two of the largest wireless carriers in the United States, as well as two of the largest wireless carriers in Canada. This certification and subsequent partnership with the wireless carriers is among the business’s most important assets, as it is a tremendous achievement for a company of our size to become an official supplier and to complete certification from all of these leading North American carriers. Additionally, in Q1 of this year, Siyata signed a Master Sales Agreement with the world’s leading Land Mobile Radio vendor who is also offering the UV350 to its global customer base coupled with their Push-to-Talk software.