Siyata Expands Alliance with Leading T-Mobile Dealer, Hyperion Partners, to Include Distribution of SD7 Handsets
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Insights
The expansion of Siyata Mobile Inc.'s alliance with Hyperion Partners to include the distribution of mission critical Push-to-Talk (MCPTT) SD7 handsets and accessories represents a strategic move to capture a larger share of the PoC market. The collaboration leverages Hyperion's established distribution channels and T-Mobile's push-to-talk service, potentially increasing Siyata's market penetration and revenue streams.
From a market research perspective, the robust demand for PoC solutions, as indicated by the CEO's comments, suggests that Siyata is capitalizing on a growing trend within telecommunications where instant communication is becoming increasingly vital, particularly in sectors like government and commercial industries. This expansion can be seen as a response to the competitive landscape, where companies are seeking to differentiate their offerings and strengthen partnerships to consolidate market presence.
The inclusion of Siyata's SD7 handsets in Hyperion's distribution network is significant for the telecommunications industry, particularly in the niche of mission-critical communications. MCPTT services are essential for public safety and critical response teams and integrating reliable hardware with T-Mobile's Direct Connect service enhances the value proposition for end users in these sectors.
Understanding the significance of MCPTT, it is a technology that enables users to communicate instantly with a push of a button, a vital feature for emergency and field services that require immediate and reliable communication. Siyata's focus on this technology and its partnership with a T-Mobile business partner could help in setting a new standard in the PoC market, potentially influencing future developments and standards within the industry.
Financially, Siyata Mobile Inc.'s strategic alliance expansion could have positive implications on its revenue growth and profitability. By tapping into Hyperion's established customer base and T-Mobile's network, Siyata may see an increase in sales volume for its SD7 handsets and accessories. This move could also lead to improved economies of scale and a stronger bargaining position with suppliers due to higher order volumes.
Investors should monitor Siyata's quarterly financials following this announcement to gauge the impact of the expanded alliance on the company's bottom line. It will be critical to assess not just the increase in sales, but also the cost implications of the expanded distribution and any changes in the competitive landscape that could affect Siyata's market share and pricing power.
Broadens scope of products offered to Hyperion Partners' end markets
VANCOUVER, BC / ACCESSWIRE / February 6, 2024 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announces it has expanded its alliance with Hyperion Partners ("Hyperion"), an industry-leading mobility primary agent and T-Mobile business partner, to include distribution of the Company's mission critical PoC (MCPTT) SD7 handsets and accessories.
Siyata CEO, Marc Seelenfreund, commented, "Increasingly, we are expanding our distribution network to accelerate global order intake and drive growth. As a leading T-Mobile Dealer, Hyperion has tremendous reach. Demand for push-to-talk over cellular solutions remains robust, and the team at Hyperion understands the importance of including reliable hardware as part of their offering. Hyperion is already serving customers with our SD7 handsets over T-Mobile Direct Connect, T-Mobile's push-to-talk service, in the government and commercial spaces. We look forward to continuing and further expanding upon our relationship."
Hyperion Partners CEO, Kerry McGonigal, commented, "At Hyperion Partners, we pride ourselves on partnering with the industry's leading Original Equipment Manufacturers (OEM's). Siyata is one of the leading OEM's helping to fill the gap in the Push-To-Talk (PTT) environment by providing best-in-class PTT equipment, its SD7 handsets and VK7 vehicle kits, for all verticals."
About Hyperion
Hyperion is a full-service business development master agent specializing in telecommunications. We focus on adding value for partners and have exclusive access to several disruptive technologies that make our bundled solutions more attractive. Acting as consultants to our partners and clients, we ensure customers receive the most practical, affordable, and complete solution possible. Hyperion has a wide footprint in businesses of all sizes, offering dedicated care and technical support through the ordering, activation, and implementation processes. To learn more, visit hyperionpartners.net.
About Siyata Mobile
Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.
In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.
Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.
Siyata's common shares trade on the Nasdaq under the symbol "SYTA" and its previously issued warrants trade on the Nasdaq under the symbol "SYTAW."
Visit www.siyata.net to learn more.
Investor Relations (Canada):
Kin Communications
1-866-684-6730
SYTA@kincommunications.com
Investor Relations (United States):
Brett Maas
Hayden IR
SYTA@Haydenir.com
646-536-7331
Siyata Mobile Corporate:
Glenn Kennedy, VP of International Sales
Siyata Mobile Inc.
glenn@siyata.net
Hyperion Partners:
https://hyperionpartners.net/
Forward Looking Statements
This press release contains forward-looking 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 and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.
SOURCE: Siyata Mobile, Inc.
View the original press release on accesswire.com
FAQ
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