Siyata Mobile Expands SD7 Rollout at Baha Mar Resort
Siyata Mobile (Nasdaq: SYTA, SYTAW) announced an expansion of its SD7 handset rollout at Baha Mar Resort in Nassau, Bahamas. The resort, which had initially deployed the SD7 handsets to replace traditional two-way radios, will now extend their use across various departments, including valet, bellman services, engineering, and public areas. The SD7 handsets offer features such as loud and clear audio, rugged design, and dual-mode operation (Wi-Fi and cellular), making them ideal for the resort's needs. Siyata Mobile sees this expansion as a significant opportunity within the hospitality sector, highlighting the SD7's advantages over traditional Land Mobile Radio (LMR) systems.
- Expansion of SD7 handsets at Baha Mar Resort, indicating customer satisfaction and increased demand.
- SD7 handsets replacing traditional two-way radios, showcasing technological advancement.
- Potential for significant growth in the hospitality sector, a multi-billion-dollar industry.
- Positive feedback from Baha Mar Resort's SVP of Information Technology, noting excellent customer support and device performance.
- The press release does not mention the financial impact or revenue expectations from this deal, leaving investors uncertain about the monetary benefits.
- No information on the cost of this expansion or how it will affect Siyata Mobile’s financials.
- Dependence on a single large client (Baha Mar Resort) could be a risk if the relationship sours or the resort faces financial difficulties.
Insights
The expansion of Siyata Mobile's SD7 handsets at Baha Mar Resort signifies a positive trend for the company's market penetration in the hospitality sector. The deployment of additional handsets and accessories highlights the resort's satisfaction with the product, showcasing the SD7's effectiveness in replacing traditional two-way radios. This could potentially lead to more contracts within the hospitality industry, a multi-billion-dollar market.
For retail investors, this development suggests:
- Increased revenue potential as more hospitality clients may adopt SD7 handsets.
- Enhanced market visibility for Siyata Mobile within a high-profile, luxury resort setting, which can act as a case study for future sales pitches.
However, it's important to monitor if this trend continues and leads to sustained revenue growth. This rollout alone, while positive, needs to be part of a broader adoption trend to significantly move the needle financially.
The SD7 handsets' deployment at Baha Mar Resort underscores the technological advantages of Push-to-Talk over Cellular (PoC) systems over traditional Land Mobile Radio (LMR) systems. The SD7’s ability to operate both over Wi-Fi and cellular networks offers greater flexibility and wider coverage, essential for large properties like Baha Mar. Additionally, the rugged design and clear audio are critical for operations in diverse environments, from valet services to beach areas.
Technical insights:
- The shift from LMR to PoC can lead to cost savings on infrastructure while providing more reliable communication.
- PoC systems are scalable, making them suitable for large resorts or even entire chains, a potential growth avenue for Siyata.
Investors should consider the technological edge provided by Siyata's products, but also keep an eye on the competition in the PoC market to assess long-term viability.
Hundreds of additional handsets and accessories to be deployed across luxury property located in
Marc Seelenfreund, CEO of Siyata, commented, "We delivered the Baha Mar Resort its first SD7 handsets and accessories more than a year ago to replace two-way radios used primarily by the resort's security team. Given the success they are experiencing, they have ordered additional units to be deployed across the property for use by staff in valet and bellman services, engineering, the water park, beach, pool, lobbies and other public areas. The Baha Mar Resort is an upscale, luxury resort property that delivers a premium experience for its guests. Clear, reliable and secure communications is a critical success factor for supporting the guest experience and efficient operations. We are pleased to be working with Baha Mar, and furthermore, the hospitality vertical is a fantastic opportunity for us. SD7 is an innovative upgrade from LMR two-way radio in features, range and price and a perfect fit for the multi-billion-dollar hospitality industry."
Scott McGannon, SVP of Information Technology of Baha Mar Resort, commented, "The Siyata SD7, with its loud and clear audio, rugged design and capability to work both over Wi-Fi and over cellular makes it an excellent fit for many of the departments at Baha Mar. In addition to the performance of the devices, we have also received excellent customer support from Siyata."
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 (
Kin Communications
1-866-684-6730
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Investor Relations (
Brett Maas
Hayden IR
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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.
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SOURCE Siyata Mobile Inc.
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