Siyata Mobile Set to Unveil Pivotal Corporate Milestone

Rhea-AI Summary

Siyata Mobile (Nasdaq: SYTA) is set to announce a pivotal corporate milestone on January 9, 2024, at 4:30 p.m. ET during an exclusive online press conference. The announcement is described as the most significant development in the company's history and is the result of months of strategic negotiations. CEO Marc Seelenfreund encourages shareholders to attend to understand the implications for 2025.

Siyata Mobile is rapidly establishing itself as a leader in the Push-to-Talk over Cellular (PoC) industry, with recent achievements including a record-breaking quarterly revenue of $5.9 million, representing a 200% year-over-year increase. The company has also secured a $2.5 million order for Q1 2025 and a significant order from a Dutch transportation company, marking a milestone in its international expansion. The launch of the SD7 Ultra Series 5G devices has garnered global attention, reinforcing Siyata's position in mission-critical communications.

Details on how to join the press conference will be released shortly, and media representatives are encouraged to RSVP or request additional information by contacting IR@siyata.net.

Positive

• Record-breaking quarterly revenue of $5.9 million, a 200% year-over-year increase.
• $2.5 million order secured for Q1 2025.
• Significant order from a prominent national Dutch transportation company, marking international expansion.
• Global attention for the launch of the SD7 Ultra Series 5G devices.

Negative

• None.

Insights

Market Research Analyst

The announcement of an upcoming press conference, while intriguing, reveals important financial metrics that warrant attention. The company's $5.9 million quarterly revenue representing a 200% YoY growth, coupled with a secured $2.5 million order for Q1 2025, suggests remarkable momentum in the Push-to-Talk over Cellular (PoC) market. For a micro-cap company with just over $3 million market capitalization, these figures are substantial.

The expansion into the Dutch transportation sector signals successful market penetration in Europe, a critical growth vector for PoC technology adoption. The SD7 Ultra Series 5G devices position Siyata strategically in the mission-critical communications segment, where reliability and performance command premium pricing. However, investors should note the significant disparity between the company's market cap and its quarterly revenue, suggesting either severe undervaluation or underlying concerns about sustainability and scalability.

Tech Expert

The transition to 5G in the Push-to-Talk over Cellular space represents a critical technological leap. Siyata's SD7 Ultra Series 5G devices are entering the market at an opportune time when traditional Land Mobile Radio (LMR) systems are being supplemented or replaced by PoC solutions. The Dutch transportation contract is particularly noteworthy as European transportation systems typically have stringent communication requirements, suggesting the SD7 Ultra Series meets advanced technical specifications.

The integration of 5G capabilities in PoC devices enables near-zero latency and enhanced reliability important for mission-critical communications. This technological advantage positions Siyata to capture market share from both traditional radio manufacturers and newer PoC competitors. The timing of this major announcement, coupled with their recent performance, indicates possible technological breakthroughs or strategic partnerships that could reshape their market position.

VANCOUVER, BC, Dec. 19, 2024 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, is preparing to make an announcement that is poised to redefine its trajectory.

On January 9, 2024, at 4:30 p.m. ET, Siyata will host an exclusive online press conference to reveal details about its most significant development in its history.

"Siyata is entering a transformative phase, and this development marks the culmination of months of strategic negotiations and execution. All shareholders are strongly encouraged to attend to appreciate the significant implications for 2025," stated Marc Seelenfreund, CEO.

Siyata Mobile is rapidly establishing itself as a global leader in the multibillion-dollar Push-to-Talk over Cellular (PoC) industry. Recent achievements, including record-breaking quarterly revenue of $5.9 million—a 200% year-over-year surge—and a $2.5 million order for Q1 2025, underscore the Company's impressive growth. A recent order in The Netherlands from a prominent national Dutch transportation company marked a significant milestone in Siyata's international expansion, further highlighting the global appeal of its innovative solutions. With the launch of the SD7 Ultra Series 5G devices capturing worldwide attention, Siyata is solidifying its position as a driving force in mission-critical communications.

How to Join

The press conference will be streamed live, with details on viewing access to be released shortly. Media representatives are encouraged to RSVP or request additional information by contacting IR@siyata.net.

About SD7 Ultra and the SD7 Ultra S by Siyata Mobile

SD7 Ultra-5G and SD7 Ultra S-5G are powerful and functional rugged Android PTT devices that feature superior sound quality for clear communication while offering the same ruggedness and water resistance as the original SD7. The two high-performance models offer all the benefits of 5G cellular connectivity. The SD7 Ultra S-5G also features a 4" LCD front touchscreen.

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 warrants under the symbol "SYTAW".

Visit www.siyata.net to learn more.

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.

FAQ

What is the significance of Siyata Mobile's announcement on January 9, 2024?

Siyata Mobile's announcement on January 9, 2024, is described as the most significant development in the company's history, resulting from months of strategic negotiations.

How much was Siyata Mobile's recent quarterly revenue?

Siyata Mobile reported a record-breaking quarterly revenue of $5.9 million, a 200% year-over-year increase.

What is Siyata Mobile's recent order value for Q1 2025?

Siyata Mobile has secured a $2.5 million order for Q1 2025.

Which significant order did Siyata Mobile receive recently?

Siyata Mobile received a significant order from a prominent national Dutch transportation company.

What new product series has Siyata Mobile launched recently?

Siyata Mobile recently launched the SD7 Ultra Series 5G devices, capturing global attention.

How can one join the Siyata Mobile press conference on January 9, 2024?

Details on how to join the press conference will be released shortly. Media representatives can RSVP or request additional information by contacting IR@siyata.net.