Siyata Expands Dealer Network with Addition of Large Verizon Elite Partner
- None.
- None.
Insights
From a market research perspective, the partnership between Siyata Mobile Inc. and CTS Mobility signifies a strategic expansion for Siyata in the Push-to-Talk over Cellular (PoC) market. Siyata's SD7 solution, which caters to mission-critical communication needs, is likely to experience increased distribution and visibility through CTS Mobility's established network. This move can potentially increase market share for Siyata in the PoC segment, especially considering CTS Mobility's status as a leading Verizon reseller.
As enterprises and emergency management services continue to demand reliable and rugged communication devices, the partnership could address this need effectively, thus enhancing customer satisfaction and loyalty. The collaboration might also lead to cross-selling opportunities, where Siyata could benefit from CTS Mobility's existing customer relationships. The overall impact on Siyata's sales and revenue growth will depend on the execution of the distribution strategy and the market's response to the expanded availability of their products.
Examining the financial implications, the announcement could be viewed positively by investors and could potentially lead to an uptick in Siyata's stock price. The distribution agreement with CTS Mobility may improve Siyata's revenue streams and enhance its profitability in the long run. However, it is important to monitor the incremental costs associated with the partnership and how it affects the company's margin profile.
Investors should also consider the competitive dynamics of the PoC industry. If Siyata's SD7 solution gains significant traction through CTS Mobility, it could lead to competitive responses from other market players. The ability of Siyata to maintain a competitive edge through innovation and customer service will be crucial in determining the long-term success of this partnership.
The significance of this partnership lies in the technology offered by Siyata. Push-to-Talk over Cellular (PoC) and mission-critical Push-to-Talk (MCPTT) are advanced communication technologies that enable instant communication with the press of a button, which is vital for emergency services and industries that require quick and reliable group communication. The SD7 handset, being a mission-critical solution, suggests it adheres to certain standards for performance, resilience and security.
By partnering with CTS Mobility, Siyata could enhance the performance and reliability of its PoC solutions, potentially leading to increased adoption in sectors where communication is crucial, such as public safety and transportation. It's also indicative of the growing trend of cellular networks being leveraged for critical communication traditionally handled by radio systems. The success of this partnership could influence further technological advancements and adoption rates in the MCPTT space.
Mobility Leader, CTS Mobility, to Offer SD7 Handsets and Related Accessories
VANCOUVER, BC / ACCESSWIRE / January 22, 2024 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announces CTS Mobility, LTD, a recognized leader in the mobile communications space, is now a distributor of Siyata's mission-critical PoC (MCPTT) SD7 solution and its broad range of accessories.
Siyata CEO, Marc Seelenfreund, commented, "With clients in all 50 United States and internationally and its commitment to providing best-in-class outcomes for its customers, CTS Mobility is a solid strategic fit for the distribution of our products and solutions. The team at CTS understands the importance of rugged, reliable handsets as part of a critical communications infrastructure for enterprises and emergency management services. We are pleased to add CTS to our line-up and further expand the availability of our products in our addressable markets."
CTS Mobility Principal Owner, Vic Jain, commented, "As a leading Verizon reseller, we are eager to work with Siyata and its innovative PTT products, which are of great interest to many of our enterprise and EMS customers. At CTS, we are committed to expanding our strategic partner relationships to offer leading technology products that help our customers realize the greatest benefits from the technologies they deploy. We are pleased to add Siyata to our line-up of offerings."
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 siyatamobile.com and unidencellular.com 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
CTS Mobility contact :
Haile Sieven
Corporate Communications Contact
hsieven@ctsmobility.com
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
What is the latest announcement from Siyata Mobile Inc.?
What is the ticker symbol for Siyata Mobile Inc.?
What products will CTS Mobility distribute for Siyata?
What is the significance of the partnership between Siyata and CTS Mobility?
