A Montreal-based tech company is already making moves on Wednesday after the company announced that it has received follow-on orders from an existing customer, a leading Saudi Arabian cellular carrier, for its Uniden® UV350, a 4G/LTE all-in-one in-vehicle communication device, according to the release.
This news got traders rather excited during premarket trading as they are currently willing to buy shares of %SiyataMobile () at $0.2705/share (+17.61% implied open for sellers) at the time of writing. This perceived move will be a strong continuation of the success this stock has had over the last three months.
Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 4G mobile networks. The company offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. It acts as a developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden Cellular brand. The company serves cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. The majority of the company's revenue comes from Israel.