Siyata Mobile Inc - SYTAW STOCK NEWS

Siyata Mobile (Nasdaq: SYTA, SYTAW), a global developer of Push-to-Talk over Cellular (PoC) handsets and accessories, has been awarded a new U.S. patent for its VK7 Vehicle Kit. This patent, numbered US 11,949,442 B2, covers the Mobile Conversion Apparatus for Docking Cellular Data Devices. The VK7 Kit, designed to work with Siyata's SD7 Handset, integrates a 10-watt speaker, a slide-in connection sleeve, and an external antenna connection, offering an in-vehicle experience akin to traditional land mobile radio devices. The VK7 previously received patent protection in China. CEO Marc Seelenfreund highlighted the patent as a testament to the company's R&D team's innovation and strategic global expansion efforts.

Siyata Mobile (Nasdaq: SYTA, SYTAW) announced that the City of Lancaster Public Utilities Department has selected its SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits, and accessories to replace traditional two-way radios. The department, responsible for utility services in Lancaster, Ohio, opted for Siyata's solution due to its ruggedness, ease of use, and operational benefits. The SD7 handsets are expected to offer cost savings and surpass the limitations of traditional land-to-mobile technology, essential for utility field work. Traffic Control Supervisor Charlie Mullett highlighted the versatility and familiarity of the SD7 units, which can function both as handheld and docked units in vehicles.

Siyata Mobile has introduced new features to its SD7 Wired Palm Mic Pro with AI Noise Cancellation, enhancing its utility in loud work environments. The device, compatible with Siyata's SD7 Handset, now employs AI to adjust microphone levels, isolate human voices, and suppress background noises. Additionally, it normalizes voice levels for consistent conversation quality. Applications include concert halls, construction sites, road crews, mining vehicles, and first responder vehicles. CEO Marc Seelenfreund emphasizes the company's commitment to leading the $7 billion Push-to-Talk over Cellular market and anticipates further innovations in 2024.

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.

Siyata Mobile has announced the launch of the SD7 Wired Palm Mic Pro, a Push-to-Talk (PTT) device with AI Noise Cancellation technology. This device is designed for noisy environments such as those encountered by first responders and construction workers. The new accessory aims to provide clearer communication than traditional Remote Speaker Mics (RSMs) by using advanced AI deep-learning technologies. CEO Marc Seelenfreund highlighted the company's commitment to leading the $7 billion PTT over Cellular market. Zohar Van Coevorden from HCT Sea Ports praised the device's noise cancellation and ease of use. The Wired Palm Mic Pro specifications include AI Active ENC, various power options, and a high-quality speaker.

Siyata Mobile (NASDAQ: SYTA) reported a noteworthy 30% year-over-year growth in revenue for Q1 2024, reaching $2.4 million compared to $1.8 million in Q1 2023. The company's gross margin improved significantly to 36.6%, up from 27.5% in the previous year. Despite these gains, the net loss was $2.8 million, a reduction from the $4.9 million net loss in Q1 2023. Adjusted EBITDA also showed improvement, standing at ($1.5) million compared to ($2.0) million the previous year. Siyata is expanding its sales channels for its Push-to-Talk over Cellular (PoC) devices, including the SD7 handset, which is now in stock at three of the four leading U.S. cellular carriers. The company appointed Gary Herman as the Chairman of the Board, following Peter Goldstein's resignation.

Siyata Mobile (Nasdaq: SYTA, SYTAW), a global developer of Push-to-Talk over Cellular (PoC) handsets and accessories, announced it will release its First Quarter Earnings Results after the market close on May 15, 2024. Investors can access the full press release on the company's website.

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.

Siyata Mobile Inc.'s inclusion in a large U.S. wireless carrier's 'Free Feature Phone for Life' promotion presents a significant market opportunity. The SD7 Handset, part of the promotion, targets over 100 million subscribers of the carrier, offering aggressive pricing to boost sales and growth. The partnership aims to enhance product visibility and accessibility for organizations in need of secure communication solutions.