Shares of Siyata Mobile Inc. (TSX-Venture:SIM) continued their multi-month rally, today’s catalyst being the company disclosing that it has commenced the technical device approval process for its Uniden® UV350 4G/LTE in-vehicle connected cellular device with a Tier 1 operator in the United States.
The Uniden® UV350 4G/LTE is the world’s first and only in-vehicle connected cellular device with Push-to-Talk Over Cellular compatible on “Band 14”, and strongly positions the company to be a leading candidate for in-vehicle PoC solutions for first responder vehicles migrating to the FirstNet Network.
According to the United States Department of Transportation, in 2015, there were over 12 million fleet vehicles in the United States.
News of the device approval sent shares of SIM higher to the tune of 6.45% as the stock hit $0.66 in mid-afternoon trading with the stock trading very close to its 52 week high of $0.72.
