Siyata Mobile Announces Worldlynx Deal – Siyata Stock Breaks Out

posted in: Siyata Mobile | 0

 

Siyata Mobile (SIM.V) announced a noteworthy deal with Worldlynx Wireless this morning.

 

6 months after landing a partnership with TELUS, Siyata corners the Canadian market in a deal with Worldlynx. Worldlynx is the largest independent distributor for Bell Canada and this deal moves Siyata towards its goal of becoming the preeminent vehicle-mounted communications device supplier in Canada.

 

Siyata CEO Marc Seelenfreund: “It is an honour for us to partner with such a reputable telecommunications company. This is a great opportunity to offer our devices to a larger audience through Worldlynx’s established customer base across Canada.”

 

There are tens of millions of commercial vehicles worldwide that currently rely on 2G networks and two-way radio systems for their communication platforms. Siyata aims to target this market as they upgrade their communications hardware to be compatible with next-generation networks and push-to-talk radio technology.

 

SIM shares are breaking out following this morning’s Worldlynx news:

 

SIM.V (Daily)

SIM.V_Daily

Strong accumulation in SIM shares during the last six weeks (high volume up days) – over .36 SIM targets the mid-.50s.

 

Read also: Siyata Announces Canadian Launch of World’s First All-In-One Connected Vehicle Smartphone for Professional Vehicles and Commercial Fleets

 

Disclaimer

The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. SIM is a high-risk venture stock and not suitable for most investors. Do your own due diligence and consult a licensed investment advisor prior to making investment decisions. Consult Siyata Mobile Inc. SEDAR profile for important risk disclosures. Kin Communications has compensated Energy and Gold for authoring & publishing this article, therefore Energy and Gold is biased.

This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.