Siyata Surges on C$1.8 Million Order From Undisclosed Mobile Operator

posted in: Charts, Siyata Mobile | 0

This morning Siyata Mobile (TSX-V:SIM) announced that it had received a C$1.8 million order from an undisclosed mobile operator. Siyata CEO Marc Seelenfreund offered the following comments on the largest single order to date for Siyata’s PoC devices since integrating with Kodiak Push-to-Talk software:

 “This order continues to show the aggressive intent for mobile operators to replace two-way radio hardware, where they make no monthly revenue, with devices capable of Push-to-Talk solutions like ours. We are disrupting the aging two-way radio hardware market, and we believe this megatrend is in its infancy. With this order, we anticipate that Q1 revenue will continue to show significant growth and give us very strong momentum going into 2017.”

Investors took a liking to the news sending SIM shares ~20% higher on the largest single day trading volume in the stock’s history:

SIM.V (Daily)


The powerful high volume breakout above C$.42 can see SIM shares reach C$.65-C$.70 within weeks. 

Read also: This Cellular Technology Company Is Positioned To Capture Significant Market Share Of A Multibillion-Dollar Opportunity


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