Siyata Receives First Order for SD7 Handsets in Higher Education
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Insights
The procurement of SD7 handsets by a top-ranked regional university represents a strategic expansion for Siyata Mobile Inc. into the higher education sector. This move indicates a diversification of their client base beyond local school districts, potentially increasing the company's market share and revenue streams. The education sector's investment in security and communication infrastructure is a growing trend, driven by heightened concerns over campus safety. The ability to deliver orders promptly, as expected before the year's end, also reflects positively on Siyata's supply chain and operational efficiency.
For investors, the announcement by Siyata Mobile Inc. could signal an incremental growth opportunity within the niche market of Push-to-Talk over Cellular (PoC) devices. The company's penetration into the higher education market may lead to similar orders in the future, suggesting a positive outlook for sales growth. However, it is crucial to monitor the company's subsequent earnings reports and any indications of the order's impact on the bottom line. The order's value has not been disclosed, which limits a detailed financial analysis and its significance in terms of Siyata's overall revenue.
The adoption of SD7 handsets by a university campus security team underscores the importance of reliable communication systems in crisis management. PoC technology facilitates instant communication, which is essential in maintaining safety and coordinating responses to emergencies. Siyata's mention of deployment over a 'nationwide tier-1 cellular network' suggests high-quality service coverage, a critical factor for the effectiveness of PoC solutions. While the company's focus on expanding its presence in the higher education market is clear, the competitive landscape and potential challenges in displacing established communication systems should be considered.
SD7 handsets to be deployed at U.S. university
VANCOUVER, BC / ACCESSWIRE / December 20, 2023 / 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 an order from a top-ranked regional university located in the Midwest for its SD7 Push-to-Talk (PTT) handsets and related accessories.
This is the Company's first order from a higher education institution, expanding its presence beyond local school districts in the education vertical. The order is expected to be delivered before year end, 2023.
Marc Seelenfreund, CEO of Siyata, said, "Our SD7 handsets will be used by the campus security team of a higher education institution to help keep team members connected as they work to keep students safe. Campus safety is a top priority across the country, particularly amidst the recent rise in student protests. A tragic outcome can come down to whether schools have the appropriate communication tools to enable collaboration and immediate action at the time of a crisis. It is essential to equip security personnel with a clear, reliable and secure communication solution. With our SD7 handsets deployed over a nationwide tier-1 cellular network, this university will have the tools it needs to communicate across the organization. Higher education represents an attractive opportunity for our solutions and we have a growing pipeline of opportunities in this market, hence we are making it a priority for 2024."
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
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.
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