Siyata Mobile Announces Closing of Acquisition of ClearRF, LLC
31 März 2021 - 2:00PM
Siyata Mobile Inc. (Nasdaq: SYTA,
SYTAW) (“Siyata” or the “Company”), a
global vendor of Push-to-Talk over Cellular (PoC) devices and
cellular booster systems, is pleased to announce it has closed its
previously announced acquisition, through a wholly-owned
subsidiary, of all the issued and outstanding shares of ClearRF,
LLC (ClearRF), for a total purchase price of US$700,000 with a
combination of cash and shares.
Headquartered in Spokane, Wash., ClearRF
produces M2M (machine-to-machine) cellular amplifiers for
commercial and industrial M2M applications. ClearRF enables
companies to deploy telemetry systems, remotely monitor and control
their M2M applications in real-time and its products combine
world-class innovation and industry experience and are designed and
manufactured in the U.S.
ClearRF also offers patented direct connect
cellular amplifiers designed for M2M and “internet-of-things” (IoT)
applications, specifically for fixed and mobile M2M applications to
connect directly to any cellular router, modem, embedded module or
alarm. ClearRF amplifiers provide a consistent, strong cellular
signal in low or intermittent signal-challenged environments.
About Siyata Mobile
Siyata Mobile Inc. is a Business-to-Business
(B2B) global vendor of next generation PoC devices and cellular
booster systems. Its portfolio of in-vehicle and rugged smartphones
enables first responders and enterprise workers to instantly
communicate, over a nationwide cellular network of choice, to
improve communication, increase situational awareness, and save
lives.
Its portfolio of enterprise cellular booster
systems enables first responders and enterprise workers to amplify
its cellular signal in remote areas, inside structural buildings
where signals are weak, and within vehicles for maximum cellular
signal strength possible.
Siyata’s common shares trade on the Nasdaq under
the symbol “SYTA” and its warrants under the symbol “SYTAW”.
Visit siyatamobile.com
and unidencellular.com/ to learn more.
Investor Relations (Canada):Kin
Communications1-866-684-6730SYTA@kincommunications.com
Investor Relations (United
States)CORE IR516-222-2560SYTA@coreir.com
Sales Department:Glenn Kennedy,
VP International SalesSiyata Mobile
Inc.416-892-1823glenn_kennedy@siyatamobile.com
Forward Looking Statements
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statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on Siyata’s current expectations, they
are subject to various risks and uncertainties and actual results,
performance or achievements of Siyata could differ materially from
those described in or implied by the statements in this press
release. The forward-looking statements contained or implied in
this press release are subject to other risks and uncertainties,
including those discussed under the heading “Risk Factors” in
Siyata’s filings with the Securities and Exchange Commission
(“SEC”), and in any subsequent filings with the SEC. Except as
otherwise required by law, Siyata undertakes no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. References and
links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
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