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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) has closed its previously announced public offering, raising approximately $4.0 million through the sale of common shares and pre-funded warrants. The offering was priced at $1.70 per share. Siyata, a global developer of Push-to-Talk over Cellular handsets and accessories, plans to use the proceeds for working capital, general corporate purposes, and marketing expenses. Spartan Capital Securities, acted as the sole placement agent for the offering, which was conducted under Siyata's Form F-1 registration statement. The final prospectus is available on the SEC's website.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW), a global developer of Push-to-Talk over Cellular handsets and accessories, has announced the pricing of a $4 million public offering of common shares and pre-funded warrants. The offering is priced at $1.70 per share (minus $0.01 per pre-funded warrant). Proceeds will be used for working capital, general corporate purposes, and marketing expenses. Spartan Capital Securities, is the sole placement agent. The offering, conducted under the Company's Form F-1 registration statement, is expected to close on August 15, 2024, subject to customary conditions. A final prospectus will be available on the SEC's website.
Siyata Mobile Inc. (Nasdaq: SYTA), a global developer of Push-to-Talk over Cellular (PoC) handsets and accessories, has announced its upcoming Q2 2024 financial results conference call. The call is scheduled for August 16, 2024, at 8:30 a.m. ET, following the release of results after market close on August 15. Investors can join via phone or webcast, with replay options available until August 30. This event provides an opportunity for stakeholders to gain insights into Siyata's financial performance and future outlook in the PoC communications market.
Siyata Mobile Inc. (Nasdaq: SYTA) has announced its participation in the Fire-Rescue International - 2024 event in Dallas, TX, from August 14-16. The company, which develops Push-to-Talk over Cellular (PoC) handsets and accessories, will showcase its product portfolio at Booth #1509 in the Exhibit Hall.
CEO Marc Seelenfreund emphasized the suitability of Siyata's products for firefighters and first responders who require mission-critical Push-to-Talk communications. Notably, the event staff will use Siyata's SD7 Handsets with FirstNet cellular service to coordinate show activities.
Jeff Dulin, Operations Section Chief for the event, expressed excitement about using Siyata handsets for secure communications. The International Association of Fire Chiefs (IAFC), which organizes the event, represents firefighting and emergency response leadership worldwide.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has announced a 1-for-18 reverse stock split of its common shares, effective August 2, 2024. This move is primarily aimed at maintaining Nasdaq listing compliance by meeting the $1.00 minimum bid price requirement. The company's shares will continue trading under the symbol 'SYTA' with a new CUSIP number. The reverse split will automatically convert 18 current shares into one new share, adjusting all outstanding stock options, warrants, and convertible securities accordingly. No fractional shares will be issued, with all fractions rounded up. While the split doesn't change the par value or authorized number of shares, it's important to note that compliance with Nasdaq's minimum bid price is not guaranteed.
Siyata Mobile Inc. (Nasdaq: SYTA), a global developer of Push-to-Talk over Cellular (PoC) handsets and accessories, has announced its participation in APCO 2024, the largest public safety communications conference in the U.S. The event will take place from August 4-7 at the Orange County Convention Center in Orlando, Florida.
Siyata's products will be showcased in FirstNet's Booth #1313 in the Exhibit Hall. CEO Marc Seelenfreund emphasized the conference's importance as an opportunity to display their solutions and connect with potential new customers. With over 3,700 public safety communications professionals expected to attend, APCO 2024 provides an ideal platform for Siyata to present its offerings to the public safety community.
Verizon has launched the Siyata SD7, a mission-critical push-to-talk device, as part of its stocked handset portfolio. This collaboration with Siyata Mobile Inc. (SYTA) aims to revolutionize communication for first responders and enterprise clients across the United States. The SD7 is a purpose-built 'cellular radio' offering excellent coverage, improved functionality, and low costs.
Key features of the Siyata SD7 include:
- Mission-Critical Push-to-Talk (MCPTT)
- Rugged design for field use
- Emergency button and GPS tracking
- Seamless integration with Verizon Frontline
- Low start-up and operating costs
Verizon Frontline's vice president, Cory Davis, expressed excitement about bringing this potential game-changer to customers, while Siyata's CEO, Marc Seelenfreund, is optimistic about the opportunities for the SD7 as a stocked item by Verizon.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has received an order for its SD7 Push-to-Talk (PTT) Handsets and VK7 Vehicle Kits from the City of Hawaiian Gardens, California. This order represents a shift from legacy two-way radios to Siyata's Push-to-Talk over Cellular (PoC) solution. The upgrade provides the city with ruggedized hardware, unlimited range for communication across departments, and a more cost-effective alternative to replacing existing end-of-life two-way radios.
CEO Marc Seelenfreund highlighted the potential for growth in the government sector, as municipalities seek solutions to reduce costs and improve service. The new system will benefit the city's Public Works, Recreation and Community Service, Public Safety, and Community Development departments by eliminating the signal boundary limitations of traditional two-way radios.
Siyata Mobile Inc. (NASDAQ: SYTA) has received a $1.2 million follow-on order from a leading international EMS customer for additional units of the Company's Push-to-Talk over Cellular (PoC) rugged handsets, Real Time View, and related accessories. This order comes shortly after the company's announcement of $4.5 million in new orders on July 18, 2024. CEO Marc Seelenfreund emphasized that this repeat order demonstrates the strong market demand for Siyata's solutions and validates the performance of their devices and monitoring system. The customer has been purchasing Siyata's devices for the past two years to enhance collaboration and improve critical communications across its operations.
Siyata Mobile Inc. (Nasdaq: SYTA), a global developer of Push-to-Talk over Cellular (PoC) handsets and accessories, has added TJ Kennedy to its Advisory Board. Kennedy, former President of the First Responder Network Authority (FirstNet), brings extensive experience in mission-critical communications and public safety. CEO Marc Seelenfreund expressed confidence that Kennedy's expertise will help drive sales growth and penetrate the public safety market.
Kennedy, currently a Venture Advisor for AI Fund and Board Member at Echelon AI, has a strong track record in the public safety sector. He previously served as CEO of WRAP Technologies, where he improved profitability and grew gross profit by 87% year-over-year. His addition to Siyata's Advisory Board is expected to enhance the company's strategic vision and long-term growth prospects in the rapidly expanding public safety communications market.
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