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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. (SYTA, SYTAW) announced the closing of a private placement in Israel and Canada, raising US$12,945,000 by issuing 129,450 units at US$100 each. Each unit includes ten common shares and ten warrants, allowing the purchase of additional shares at US$11.50 for 42 months. Led by Phoenix Insurance Investment Fund, the offering strengthens Siyata's balance sheet as it targets revenue-generating acquisitions in 2021. The company paid US$652,250 in commissions and issued broker warrants as part of the offering.
Siyata Mobile Inc. announced the launch of its Uniden® Mobile Coverage Kit (MCK), designed to enhance cellular connectivity for first responders and government agencies in remote areas with weak signals. The rugged, waterproof device supports 4G/LTE networks, including Band 14, and allows for rapid deployment in emergencies. CEO Marc Seelenfreund expressed optimism about the MCK contributing to revenue growth in 2021, highlighting its critical role in ensuring safety and communication during emergencies.
Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) will present at the 13th annual LD Micro Main Event on December 15, 2020, at 6:20 AM PST / 9:20 AM EST. Daniel Kim, VP Corporate Development, will lead the presentation to a virtual audience. The event will feature a unique format with 10-minute presentations followed by Q&A sessions. Siyata is known for its cellular communication solutions designed for first responders and enterprise workers, focusing on in-vehicle devices, rugged handsets, and cellular boosters. For more information, visit their profile on LD Micro.
Siyata Mobile has announced a purchase order valued at USD $1.6 million for in-vehicle devices from a leading U.S. cellular carrier. CEO Marc Seelenfreund expressed optimism about fulfilling the order in the first quarter of fiscal year 2021, highlighting the company's strategic positioning amid a shift in communication methods for enterprises and first responders. Siyata specializes in Push-To-Talk over Cellular devices and cellular booster systems that enhance communication capabilities.
Siyata Mobile has entered a distribution agreement with pei tel Communications GmbH to expand the reach of its Siyata UV350 device in Europe. The partnership allows entry into key markets including Germany, Austria, and Switzerland. pei tel specializes in communication solutions for commercial vehicles and offers a broad range of professional communication technology products. This collaboration aims to enhance Siyata's presence in new market verticals and is showcased at the digitalPMRExpo from November 24-26, 2020. CEO Marc Seelenfreund expressed optimism about the partnership.
Siyata Mobile's subsidiary, Signifi Mobile, has announced a partnership with OnTech Smart Services to provide installation services for Uniden cellular signal boosters in the U.S. This collaboration aims to enhance customer experience by offering professional installation, thereby improving cellular connectivity for users working or studying from home. The service will commence this winter, with OnTech's trained technicians available for same-day and next-day appointments across the country. This initiative is expected to significantly benefit customers facing poor cellular signal strength.
Siyata Mobile has announced a partial exercise of the over-allotment option related to its U.S. IPO closed on September 29, 2020. The company issued 120,000 additional common shares and 266,000 additional common share purchase warrants, generating gross proceeds of USD $721,460. Each warrant allows the purchase of one common share at an exercise price of USD $6.85 for five years. Proceeds from the offering will be allocated for sales, marketing, growth capital, and R&D purposes.
Siyata Mobile (Nasdaq: SYTA, SYTAW) has partnered with Fleet Complete for FirstNet to enhance school bus transportation safety in the U.S. This collaboration aims to improve fleet management and communication solutions for school buses through advanced vehicle analytics, GPS tracking, and Enhanced Push-to-Talk capabilities. The FirstNet Ready™ Uniden® UV30 device will integrate with Fleet Complete's mobile apps, providing real-time tracking and reliable communication tools for drivers. With over 500,000 school buses in the U.S., this initiative targets a significant market for Siyata.
Siyata Mobile has appointed Peter Goldstein to its Board of Directors, bringing over 30 years of experience in capital markets, M&A, and strategic planning. Goldstein played a pivotal role in the company's recent $12.6 million IPO and NASDAQ listing. He expressed enthusiasm about supporting Siyata's growth strategies. Additionally, Richard Hoy has resigned from the board, with the company thanking him for his contributions. Siyata specializes in Push-To-Talk over Cellular devices and cellular booster systems for first responders and enterprise workers.
Siyata Mobile is hosting a live investor webinar on October 29, 2020, at 2:00 PM ET. The session will feature an updated investor presentation detailing current operations, industry metrics, and future milestones for its products, including Rugged Handsets, In-Vehicle Devices, and Cellular Boosters. Interested parties can register for the webinar here. The company's presentation is available on its website.
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