Siyata Mobile Announces New Orders Totaling Over $2.2 Million; SD7 Achieves ‘Stocked’ Status with Third Major U.S. Wireless Carrier
Siyata Mobile, a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announced new orders totaling over $2.2 million for its SD7 handsets and related accessories.
The SD7 has achieved 'stocked' status with a third major U.S. wireless carrier, making it the only direct radio replacement device offered by three of the four largest U.S. carriers. This status supports sell-through with promotions and attractive pricing options.
CEO Marc Seelenfreund highlighted the growing demand for SD7 handsets across multiple verticals, including schools, first responders, security, and construction, and emphasized the company's optimism for strong sales growth in 2024 as adoption expands domestically and internationally.
- New orders totaling over $2.2 million for SD7 handsets and accessories.
- SD7 handset achieves 'stocked' status with a third major U.S. wireless carrier.
- SD7 is the only direct radio replacement device offered by three of the four largest U.S. carriers.
- Growing demand for SD7 handsets across various sectors: schools, first responders, security, and construction.
- Optimism for strong sales growth in 2024 with expanding domestic and international adoption.
- None.
Insights
Siyata Mobile's announcement concerning new orders totaling
Additionally, the 'stocked' status with a third major U.S. wireless carrier is significant. This endorsement indicates a strong sales channel and retail support which can improve market penetration and sales velocity. If Siyata can maintain and expand this status, it might see sustained growth in handset sales, positively impacting future earnings reports.
Investors should monitor upcoming quarterly earnings to see how these orders influence overall revenue and net profit. It's also essential to look at the gross margin on these products to understand the profitability better. In the short-term, expect a positive market reaction, but long-term sustainability will depend on consistent order flow and demand growth.
The news that Siyata's SD7 handset has achieved 'stocked' status with a third major U.S. wireless carrier is particularly noteworthy. This status implies that the product is now part of the carrier’s regular inventory, backed by their sales and promotional efforts. This can significantly increase visibility and market reach, leading to higher sales volumes. For retail investors, this status can be seen as a vote of confidence from established industry players.
Market dynamics for Push-to-Talk over Cellular (PoC) devices are evolving. Siyata's ability to secure such a position with three out of the four largest U.S. carriers indicates a competitive edge and product-market fit. This could lead to accelerated adoption in various sectors, enhancing Siyata's market share. However, it's important to consider competitive pressures and technological advancements that could affect their market position.
Long-term success hinges on continued innovation and maintaining these key partnerships. Investors should keep an eye on industry trends, including any shifts in carrier partnerships and emerging competitors.
VANCOUVER, BC / ACCESSWIRE / May 14, 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, today announced that it has received new orders for its SD7 handsets and related accessories valued at over
We are also pleased to announce that another leading U.S. wireless carrier has designated Siyata's SD7 handset with ‘stocked' status, further supporting sell-through of the handsets with promotions and attractive pricing options for end customers. SD7 handsets are now designated as ‘stocked' status with three of the four largest U.S. wireless carriers.
Marc Seelenfreund, CEO of Siyata, commented, "Our SD7 Handset is the only direct radio replacement device offered by wireless carriers, and based on our strengthening position in this channel, we are experiencing growing demand for the devices. We have recently booked orders valued at over
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 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
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 new order value did Siyata Mobile announce for its SD7 handsets?
What status did Siyata Mobile's SD7 achieve with a third major U.S. wireless carrier?
Which sectors are showing growing demand for Siyata Mobile's SD7 handsets?
What is Siyata Mobile's outlook for sales growth in 2024?
How many major U.S. wireless carriers offer Siyata Mobile's SD7 as a direct radio replacement device?
