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Siyata Mobile, Inc. (SYTA) is a B2B global developer and vendor known for its innovation in Push-to-Talk over Cellular (PoC) handsets and accessories. Established in 2010, the company made its mark with the world's first 3G fixed truck phone. Building on this success, Siyata introduced the Voyager connected vehicle smartphone in 2013 and the portable Bagfone, extending connectivity to remote areas.
The company specializes in vehicle-mounted, cellular-based communications platforms over advanced 3G mobile networks and cellular booster systems. Siyata serves a range of rugged business-to-business environments, including first responders, enterprise customers, construction workers, security guards, government agencies, and more. With operations in the USA, Canada, EMEA, and Australia, Siyata derives the majority of its revenue from the USA.
Siyata's flagship products include the SD7 handset and related accessories, which are now stocked by three of the four largest U.S. wireless carriers. The SD7 is the only direct radio replacement device offered by wireless carriers, making it a popular choice across various verticals such as schools, first responders, security, and construction. Recent orders for the SD7 and its accessories are valued at over $2.2 million.
The company's innovative product line is complemented by enterprise-grade in-vehicle solutions and cellular booster systems, enhancing communication in areas with weak cellular signals. Siyata's solutions are marketed through leading North American cellular carriers and international distributors.
Siyata has recently expanded its product portfolio with the introduction of the SD7 Wired Palm Mic Pro with AI Noise Cancellation. This device features advanced AI technology to isolate the human voice while suppressing background noise, making it ideal for loud environments.
Financially, Siyata reported a 30% revenue growth, a higher gross margin, and improved Adjusted EBITDA for Q1 2024. The company's liquidity remains strong, bolstered by a recent public offering that raised approximately $4 million. Siyata's continuous innovation and strategic partnerships position it as a global leader in the $10 billion PoC market.
Siyata shares trade on Nasdaq under the symbol "SYTA", and its warrants under the symbol "SYTAW". For more information, visit www.siyata.net and unidencellular.com.
Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) announced it will release its fourth quarter and year-end 2020 financial results, along with the Canadian Annual Information Form, by May 17, 2021. The company will also disclose its first quarter 2021 financial results on the same day, followed by a conference call featuring key executives. Siyata specializes in Push-to-Talk over Cellular devices and cellular booster systems tailored for first responders and enterprise workers, enhancing communication and situational awareness.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) issued a statement clarifying the impact of a cease trade order (CTO) by the British Columbia Securities Commission on April 8, 2021, due to financial reporting discrepancies. The CTO does not affect trading of its shares on the Nasdaq. The company is actively working to update its Canadian filings as required. Investors facing trading difficulties are advised to contact their brokers with the CTO document and can reach out to the company for further assistance.
Siyata Mobile Inc. (SYTA, SYTAW) has completed its acquisition of ClearRF, LLC for US$700,000 in cash and shares. ClearRF, based in Spokane, Washington, specializes in M2M cellular amplifiers designed for commercial and industrial applications, enabling real-time telemetry and control. This acquisition is pivotal as it enhances Siyata's portfolio with patented amplifiers that improve connectivity in low-signal environments, bolstering its position in the cellular booster market.
Siyata Mobile Inc. (SYTA, SYTAW) announced plans to develop a ruggedized MCPTT device aimed at first responders, leveraging Softil's BEEHD technology. This new push-to-talk device will enhance communication for police, fire, and ambulance teams across North America and international markets. The launch is anticipated in the second half of 2021, with efforts to capture market share in utilities and transportation sectors. Siyata aims to capitalize on the MCPTT revolution, supported by its prior achievements in 4G LTE communications.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) announced that its V.P. of Corporate Development, Daniel Kim, will present at the Maxim Group’s Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. Investors can register to view the presentation and request 1x1 meetings with Mr. Kim after the conference. Siyata specializes in next-generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems, enhancing communication for enterprise users and first responders. Their products improve cellular connectivity in challenging environments.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has announced its largest purchase order from a police department, equipping 600 vehicles with its flagship UV350 communication device, expected for delivery in Q1 2021. This order may increase to 1,200 vehicles throughout the year. The UV350 provides nationwide coverage, instant communication via Push-to-Talk Over Cellular technology, and integrates multiple functions to reduce clutter in emergency vehicles. The device aims to enhance communication and efficiency for first responders.
Siyata Mobile Inc. (SYTA, SYTAW) has appointed Peter Goldstein as the new Chairman of its Board of Directors, succeeding Marc Seelenfreund, who will continue as CEO. Luisa Ingargiola has also joined the Board, bringing extensive experience in capital markets. Goldstein has over 30 years in C-suite roles, while Ingargiola serves as CFO at Avalon Globocare and has held board positions in various public companies. These appointments aim to enhance strategic growth and shareholder value.
Siyata Mobile has secured a US$1.4 million purchase order to provide rugged handsets to first responders, fulfilling the order in early Q1 2021. The handsets are designed for Push-to-Talk over Cellular communication in challenging environments. CEO Marc Seelenfreund highlighted strong sales momentum across all product categories, predicting increased adoption of their PTT devices as first responders transition from traditional radios to cellular networks. Siyata aims to enhance communication safety and efficiency with its innovative products.
Siyata Mobile has secured a third purchase order worth USD $550,000 for its innovative UV350 in-vehicle IoT device from a cellular carrier in the Gulf region, aimed at supporting first responders. This order is set to be fully delivered in Q1 2021. CEO Marc Seelenfreund emphasized the significance of repeat orders as a sign of continued customer support for the UV350 device, which enhances connectivity for emergency personnel. The UV350 features advanced communication capabilities designed specifically for commercial vehicles.
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