OUR NEW PROFILE IS: (NASDAQ: SYTA)
(TSXV: SIM)
SYTA OPERATES IN THE UNITED STATES, CANADA, EUROPE, AUSTRALIA, MIDDLE EAST
SIYATA MOBILE RECEIVES $1.2 MILLION ORDER TO PROVIDE IN-VEHICLE DEVICES AND VIDEO MONITORING FOR EMS ORGANIZATION
COULD SYTA BE CURRENTLY UNDERVALUED AFTER A $2.50 TARGET SET BY ZACKS SMALL CAP RESEARCH? (1)
SIYATA MOBILE REPORTED A 9% INCREASE IN Q4 REVENUE, REACHING $2.1 MILLION. REVENUES FOR THE 12 MONTHS ENDED DECEMBER 31, 2022, WERE $6.5 MILLION COMPARED TO $7.5 MILLION IN THE PRIOR YEAR
CHECK OUT THE INVESTOR PRESENTATION HERE
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Hello Everyone,
We have another exciting Nasdaq profile for Tomorrow’s session.
It is not often that we see a company trading on a National exchange at this price point.
Pull up SYTA immediately.
Siyata Mobile Inc. (NASDAQ: SYTA) (TSXV: SIM) is a leading global developer and provider of Push-to-Talk Over Cellular (“PTT/PoC”) systems for enterprise customers. The company specializes in connected vehicle products for professional fleets and markets its products under the Uniden® Cellular brand.
Since its inception in 2012, Siyata has amassed a customer base that includes cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia and the Middle East.
Recognized by the Toronto Venture Stock Exchange in 2018 as a Venture Top 50 Company, Siyata aims to deliver the highest quality and most technologically advanced mobile communication devices for global corporate workforces, fleets, homes and buildings.
The company has long been an industry pioneer, delivering the world’s first 3G connected vehicle device as well as the world’s first 4G/LTE vehicle-mounted smartphone for First Responders and commercial fleets and vehicles, thereby creating a new category in the cellular device market with a dedicated smartphone tailor-made for the commercial vehicle market.
Siyata’s suite of technology includes numerous PTT and legacy devices, as well as cellular boosters designed to improve cellular signals in corporate warehouses, government embassies, retirement home campuses, banks and manufacturing plants.
The company’s flagship product, the Uniden UV350, is the world’s first vehicle-mounted 4G/LTE smartphone with crystal clear quality, carrier grade PTT, voice, text, video and data applications built into a single device. Specifically designed for First Responder and commercial fleet vehicles, the UV350 runs on cellular LTE networks that provide nationwide and global coverage, replacing traditional single purpose two-way radios that require a monthly fee and limited network coverage.
The Uniden UV350 is currently available through Bell Mobility, Canada’s largest LTE network and PTT community, as well as AT&T in the U.S. Further expanding its availability, Siyata is completing network approval with another U.S. Tier 1 operator to launch the UV350 in Q3 2019.
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The telecommunications landscape is constantly evolving, giving rise to new technologies and communication solutions that are shaping the way we connect and interact. Among these emerging trends, the Push-to-Talk (PTT) market stands out as a segment with immense growth potential.
For those looking for market opportunities and actively exploring the growing Push-to-Talk (PTT) industry, it is essential to understand its size, the factors driving its growth, and the key players in the industry.
In this report, we’ll delve into the potential of the Push-to-Talk (PTT) market and highlight Siyata Mobile Inc. (Nasdaq: SYTA)—a company leading the way in PTT innovation.
The Push-to-Talk (PTT) Market: An Overview of Size and Growth Potential(9)
According to a report by Adroit Market Research, the global PTT market is anticipated to achieve a remarkable value of USD 59.81 billion by 2030, growing at a positive compound annual growth rate (CAGR) of 8.9%. The market’s rapid expansion can be attributed to various factors, including the introduction of 5G networks, which are expected to revolutionize PTT operations by offering enhanced speed, reliability, and connectivity. (9)
One of the primary growth drivers of the PTT market is the increasing popularity of Push-to-Talk over Cellular (PoC) solutions. PoC technology enables two-way wireless device communication and allows users to use their mobile phones as walkie-talkies with unlimited range. It offers advanced features such as GPS, auto-pairing, mobile workforce management, and IP-based interoperability, making it a preferred choice for businesses and organizations.
Large corporations are increasingly adopting cloud-based PTT solutions that offer multimedia features, real-time security, and greater use of wireless PTT services. These solutions provide improved call management, cost control, and convenience, fueling the expansion of the global PTT market.
Another significant factor contributing to market growth is the expanding use of PTT in public safety organizations and the increased demand for rugged and ultra-rugged cell phones. The development of advanced communication technologies, such as the LTE network and 5G infrastructure, has spurred the rapid adoption of PTT solutions. Additionally, the integration of emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), and natural language processing (NLP) presents a myriad of opportunities for the PTT market. (9)
PTT solutions offer instant communication capabilities that are crucial in various industries and sectors, particularly for public safety and law enforcement authorities. PTT technology provides robust network coverage, high-quality audio support, and reliability, making it ideal for emergency response and mission-critical operations. Moreover, PTT solutions eliminate the need for extensive infrastructure, such as radio towers and repeaters, reducing capital expenditure.
Welcome to Siyata Mobile Inc. (Nasdaq: SYTA).
Siyata Mobile Inc. (Nasdaq: SYTA) is a global provider of innovative PoC devices and cellular signal booster systems, making it a key player in the PTT market. Siyata Mobile’s rugged SD7 device is an Android-based, Push-to-Talk solution with excellent sound quality that operates over high-bandwidth 4G LTE networks. Its IP68 rating, resistance to water and dust, drop protection, and robust battery make it well-suited for use in harsh environments. (32)
The company has established partnerships with major wireless carriers, including T-Mobile, AT&T, Verizon, and UScellular™, expanding its reach and market penetration. Siyata Mobile aims to disrupt the traditional Land Mobile Radio (LMR) industry by offering superior PoC solutions that meet the demands of first responders, enterprise personnel, and various industries. (22),(23),(33)
Keep reading to see why you should keep a close eye on Siyata Mobile Inc. (Nasdaq: SYTA).
SIYATA MOBILE INC. (NASDAQ: SYTA) LEVERAGES PARTNERSHIPS WITH T-MOBILE, VERIZON, AT&T, AND KPN TO DELIVER CUTTING-EDGE PUSH-TO-TALK TECHNOLOGIES ( 33, 22, 23, 38)
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Siyata Mobile Inc. (Nasdaq: SYTA) is making significant strides in expanding its reach and partnerships. The company has recently announced a distribution agreement with KPN Royal Dutch Telecom (“KPN”), a leading telecommunications and IT provider in the Netherlands. (38)
“This distribution agreement expands the reach of our SD7 handset through wireless carriers to a new geographic region and opens new opportunities for growth,” said Marc Seelenfreund, Siyata CEO.“Aligning with quality wireless carriers is an important aspect of our growth strategy. As an innovator and telecommunications leader in the Netherlands and one of the largest wireless carriers in Europe, KPN has extensive experience in the push-to-talk technology space and is highly focused on offering the best solutions for its customers. We are eager to leverage their established channels to provide more end users with our powerful MCPTT solution.” (38)
The SD7 enables push-to-talk communications for first responders and enterprise clients in a simple easy-to-use rugged Android based Push-To-Talk (PTT) handset with excellent sound quality that operates over the high bandwidth 4G LTE network, providing consistent connectivity across the nation and internationally. Its IP68 rating, resistance to water and dust, drop protection, and robust battery make it well suited for use in harsh environments. Importantly, there is no need to invest in infrastructure such as radio towers or repeaters, and the SD7 handset allows first responders as well as secondary support personnel to quickly connect and coordinate on unified public cellular networks in international markets as well as in North America. (38)
On January 9, 2023, Siyata Mobile also made an exciting announcement. T-Mobile US, Inc., the second-largest wireless carrier in the U.S. with a customer base of over 111.7 million, is set to launch Siyata’s rugged SD7 device onto its Internet of Things (IoT) data network. This move will significantly expand Siyata’s reach to a broader customer base. The SD7 is designed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry. (33)
“We are thrilled to add T-Mobile to our growing list of partners, significantly expanding our addressable market and entering 2023 with a strong position, as all major U.S. wireless carriers are now offering the SD7, along with additional partnerships globally,” said Marc Seelenfreund, Siyata CEO. “Our relationship with T-Mobile solidifies our network compatibility and further broadens our ability to provide first responders and enterprise personnel with a dependable PoC device designed to perform optimally in challenging work environments.” (33)
Additionally, Siyata Mobile has established a channel partnership with Verizon Communications Inc., the largest mobile operator in the U.S. with 143 million total retail connections as of Q1 2022. Verizon has fully integrated Siyata’s rugged SD7 device into their network and will offer it to their broad enterprise customer base as well as their first responder network of 4.5 million connections with over 30,000 public-safety agencies. This collaboration opens up extensive opportunities for Siyata Mobile to reach more first responders and enterprise personnel with a reliable and rugged device that can operate effectively in tough working environments. (22)
The SD7, at the core of Siyata Mobile’s offerings, is a game-changer in communications technology. It brings push-to-talk communications into the 21st century, offering first responders and enterprise clients a user-friendly, rugged, Android-based Push-To-Talk (PTT) device with outstanding sound quality. The SD7 operates over the high-bandwidth 4G LTE network, ensuring consistent connectivity nationwide. Its IP68 rating for water and dust resistance, drop protection, and long-lasting battery make it well-suited for use in harsh environments. Importantly, the SD7 eliminates the need for infrastructure investments such as radio towers or repeaters, providing seamless communication capabilities for a modern workforce. (33)
With the addition of KPN as a distribution partner, Siyata Mobile expands its global distribution of the SD7 device to the Netherlands. The partnership with KPN, a leading telecommunications provider in the region, will enable Siyata to offer the SD7 to medium and large government and enterprise clients in the Netherlands. This marks another significant step in Siyata Mobile’s growth strategy and opens up new opportunities for market expansion. (38)
As Siyata Mobile continues to make advancements in the push-to-talk communications market, it remains committed to delivering cutting-edge solutions that address the unique needs of first responders, enterprise clients, and various industries. (38)
In addition to its partnerships with T-Mobile and Verizon, Siyata Mobile’s collaboration with KPN in the Netherlands strengthens its presence in the European market (33)(38). KPN’s extensive experience in the telecommunications industry and focus on offering the best solutions to its customers make them an ideal distribution partner for Siyata Mobile. The availability of the SD7 handset and related accessories through KPN’s network will provide medium and large government and enterprise clients in the Netherlands with reliable and efficient communication tools. (33)(38)
The SD7 handset, with its push-to-talk functionality, rugged design, and excellent sound quality, caters to the needs of first responders and enterprise clients alike. Its compatibility with high-bandwidth 4G LTE networks ensures consistent connectivity both nationally and internationally. The SD7’s IP68 rating for water and dust resistance, along with its durability and long-lasting battery, make it a reliable choice for use in challenging work environments. (33)
Siyata Mobile’s focus on innovation and its ability to disrupt the traditional Land Mobile Radio (LMR) industry positions it as a key player in the evolving communication technology landscape. The SD7 handset’s superior coverage, functionality, and cost-effectiveness make it an attractive alternative to outdated land-based radio technologies (22). With the support of major wireless carriers like T-Mobile and Verizon, Siyata Mobile can reach a wide range of customers, including first responders, enterprise personnel, and various industries such as construction, energy, transportation, and more. (22)
As Siyata Mobile expands its global distribution and strengthens its partnerships, the company is poised for significant growth in the coming years. The increasing demand for reliable communication solutions and the shift towards modernized communication technologies create a favorable market environment for Siyata Mobile and its game-changing SD7 device. By leveraging its network compatibility, strong partnerships, and innovative product offerings, Siyata Mobile is well-equipped to meet the evolving needs of customers and seize new opportunities in the push-to-talk communications market. (38)
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Siyata Mobile Inc. (Nasdaq: SYTA) aims to be the global leader in the rapidly growing Push-to-Talk Over Cellular (PoC) industry by disrupting the legacy Land Mobile Radio (LMR) industry with Next Generation Cellular Technology.
Siyata will be competing with companies that have $10b – $40B Market Values.
But this is not a “David vs Goliath” situation…
In fact, Siyata is in a “Goliath vs Goliath” situation as they already have 2 of the largest mobile carriers (AT&T and Verizon) as their channel partners.
Could you imagine what this could mean for a company with a market cap of less than $2.5 million dollars as of 12/8/22(4)?
AT&T, Verizon, and other cellular carriers are competing for the lucrative Land Mobile Radio (LMR) market and Siyata Mobile Inc. (Nasdaq: SYTA) and its technology could be the secret ingredient…
This is similar to when the Intel Corporation started its now famous “Intel Inside” marketing campaign.
Before the “Intel Inside” campaign, Intel had been largely unknown to consumers. The company had a reputation for its technical prowess and quality among original equipment manufacturers, but it had not seen much need to cultivate a similar renown among end users. (26)
That began to change in the late 1980s — the PC market was creating a huge demand for central processing units, and with that came a new imperative for Intel to explain the desirability of its products to lay consumers.(26)
Intel’s response to that imperative, the “Intel Inside” campaign, would make advertising history, turn Intel into a household brand name and create a valuable shortcut through which OEMs could signal the quality of their products to customers.(26)
Siyata could potentially be the “Siyata Inside” that the Push-to-Talk Over Cellular market is missing.
With a combined existing base of over 343 million subscribers, having AT&T and Verizon as channel partners could prove to be a monumental catalyst for Siyata Mobile Inc. (Nasdaq: SYTA) as they roll out their game-changing Push-to-Talk Over Cellular devices. (22)(23)
IS SIYATA MOBILE INC. (NASDAQ: SYTA) THE NEXT MARKET DISRUPTOR?
Siyata Mobile Inc. (Nasdaq: SYTA) is a B2B global vendor of next generation Push-To-Talk over Cellular devices and cellular booster systems. (11)
Its portfolio of in-vehicle and rugged devices enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.(11)
Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.(11)
Since developing the world’s first 3G-connected vehicle device back in 2012,
Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device.(11)
Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world.(11)
SIYATA MOBILE INC. (NASDAQ: SYTA) IS DEVELOPING THE NEXT GENERATION OF CELLULAR COMMUNICATION
INTRODUCING THE SIYATA SD7…
The New Way To Two Way! The Siyata SD7 has all the benefits of the push to talk over cellular with the same usability as your traditional two-way radio. (13)
• Easy Adoption to Push to talk over cellular (PoC)
• Nationwide Coverage
• Cost Effective
• Enterprise Quality
• Dedicated PTT button, long-lasting battery, loud audio, rotary knob for PTT channels
• Optional Siyata VK7 Vehicle Kit for the ultimate two-way vehicle solution (not pictured)
STRONG POSITION IN PUBLIC SAFETY AND EMERGENCY RESPONSE (30)
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On March 6, 2023, Siyata Mobile Inc. (Nasdaq: SYTA) announced the successful deployment of its mission critical push-to-talk (MCPTT) solution for security and other communications at the 2023 Special Olympics New York Winter Games. (30)
“For the second year in a row, our devices were donated to and used at the Special Olympics Winter Games in Syracuse, New York to equip certain security personnel and event volunteers with the communications tools they need to help keep athletes, coaches, volunteers and spectators safe,” said Marc Seelenfreund, Siyata CEO. (30)
“We are pleased to support this worthy cause and to be providing more solutions in support of the Games. Our SD7 MCPTT solution is well-suited for the severe weather conditions that can occur in Syracuse, the site for this year’s event.”
“We are pleased to once again be using Siyata’s SD7 solution at our Winter Games,” said David Burgess, Volunteer Director of Emergency Services for Special Olympics New York. “The SD7 is a robust cellular solution that is ideal for meeting our public safety needs and once again worked flawlessly during the Games.” (30)
The SD7 enables push-to-talk communications for first responders and enterprise clients in a simple easy-to-use rugged Android based Push-To-Talk (PTT) device with excellent sound quality that operates over the high bandwidth 4G LTE network, providing consistent connectivity across the nation and internationally. Its IP68 rating, resistance to water and dust, drop protection, and robust battery make it well suited for use in harsh environments.
Importantly, there is no need to invest in infrastructure such as radio towers or repeaters, and the SD7 allows first responders as well as secondary support personnel to quickly connect and coordinate on unified public cellular networks in North American and international markets. (30)
Users of the SD7 can initiate and receive talk-group calls, receive private calls, notify others of emergencies, and report locations, all actions ideally tailored for mission critical purposes.
SIYATA MOBILE INC. (NASDAQ: SYTA) EXPANDS INTO INTERNATIONAL MARKETS (31)
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AUSTRALIA’S LARGEST WIRELESS CARRIER EXPECTED TO COMMENCE SALES OF THE SD7 IN Q2 2023. (31)
On March 20, 2023, Siyata Mobile Inc. (Nasdaq: SYTA) announced the successful certification and approval of its mission-critical PoC (MCPTT) SD7 solution by Telstra, Australia’s largest wireless carrier. Telstra is anticipated to begin sales of the SD7 in the second quarter of 2023 to its enterprise and government customers.
“We are pleased to work with Telstra on their planned sales of the SD7,” commented Siyata CEO Marc Seelenfreund.
“Telstra’s network includes 18.8 million retail mobile services, 3.8 million retail fixed bundles and standalone data services, and 960,000 retail fixed standalone voice services. We continue to believe that the SD7 is the most unique upgrade from legacy two-way radio devices currently on the market, offering expanded coverage, high functionality and low startup and operating costs.”(31)
SIYATA MOBILE INC. (NASDAQ: SYTA) GETS $2.50 VALUATION FROM ZACKS SMALL CAP RESEARCH
Thomas Kerr, CFA is a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience in Technology, Consumer, Industrials, Med-Tech, Healthcare & Biotechnology sectors recently assigned a $2.50 valuation on Siyata Mobile Inc. (Nasdaq: SYTA) on November 14th, 2022. (1)
SIYATA MOBILE INC. (NASDAQ: SYTA) SHOWS PROMISING FINANCIAL RESULTS IN Q4 AND SETS STAGE FOR POTENTIAL GROWTH IN 2023 (40)
On 5/16/2023, Siyata Mobile Inc. (Nasdaq: SYTA) announced its financial results for the fourth quarter and full-year 2022. The company reported a fourth-quarter revenue of $2.1 million, representing a 9% increase compared to the previous year. These results demonstrate the continued growth of Siyata’s mission-critical PoC (MCPTT) SD7 solution.
Marc Seelenfreund, Founder and CEO of Siyata, expressed satisfaction with the company’s performance. He stated, “We delivered top-line growth of 9% in the fourth quarter of 2022 on strengthening sales of our mission-critical PoC (MCPTT) SD7 solution.” Seelenfreund highlighted the successful launch of the SD7, which contributed to total sales exceeding $3 million in the second half of 2022. He also emphasized the growing adoption of Siyata’s solutions in various verticals, particularly in the education sector. (40)
Seelenfreund further discussed Siyata’s expansion into new markets beyond first responders and emergency personnel, with a focus on establishing distribution channels in North America. The company has forged partnerships with leading North American cellular carriers such as AT&T, FirstNet, Verizon, Bell, and US Cellular. Additionally, Siyata has added T-Mobile and a leading two-way radio distributor to its list of channel partners. These strategic collaborations are expected to drive growth in 2023 and beyond.
To support its anticipated growth, Siyata secured $3.6 million in additional financing through the sale of warrants and entered into an accounts receivable factoring facility. Seelenfreund highlighted the multi-billion-dollar market opportunity that Siyata is pursuing and expressed confidence in the company’s position to become a market leader in the Push to Talk Over Cellular arena.
In terms of financial highlights, Siyata reported revenues of $6.5 million for the full-year 2022, compared to $7.5 million in 2021. The net loss for 2022 was $15.3 million, which includes $5.6 million of impairment of goodwill and intangibles. The company’s adjusted EBITDA for 2022 was ($12.6) million, slightly higher than the prior year.(40)
For the three months ended December 31, 2022, Siyata recorded revenues of $2.1 million, a 9% increase from the same period in the previous year. This growth was primarily driven by sales of the SD7 handset. The net loss for the quarter was $6.6 million, compared to $5.0 million in the previous year. The adjusted EBITDA for the quarter was negative $5.0 million.
Regarding liquidity and capital resources, as of December 31, 2022, Siyata had a cash balance of $1.9 million and working capital of $1.6 million. Importantly, the company had no debt, a significant improvement compared to the previous year.
Siyata Mobile Inc. plans to report its results for the first quarter of 2023 after the market close on May 24, 2023. Furthermore, the company will host a conference call at 8 a.m. ET on May 25, 2023, providing an opportunity to discuss the financial results and address any inquiries.
These financial results demonstrate Siyata’s continued growth and momentum in the PoC devices and cellular signal booster systems market. The company’s expansion into new markets, establishment of key partnerships, and focus on innovative solutions position it for further success in the coming years. (40)
HIGHLIGHTS (40)
- The company’s total sales for the SD7 devices and related accessories exceeded $3 million in the second half of 2022.
- Siyata Mobile is expanding its distribution platform with partnerships with leading North American cellular carriers, including AT&T, FirstNet, Verizon, Bell, US Cellular, and T-Mobile.
- The company secured $3.6 million in additional financing and entered into an accounts receivable factoring facility to support anticipated growth.
- Siyata Mobile aims to become a market leader in the Push to Talk Over Cellular arena, targeting a multi-billion dollar market opportunity.
- Revenues for the 12 months ended December 31, 2022, were $6.5 million compared to $7.5 million in the prior year.
- The net loss for the same period was $15.3 million, including a $5.6 million impairment of goodwill and intangibles.
- Revenues for the three months ended December 31, 2022, were $2.1 million, representing a 9% increase compared to the same period in the prior year.
- The company had a cash balance of $1.9 million and zero debt as of December 31, 2022.=Will “Push-To-Talk” Fuel the 4th Industrial Revolution?(7)
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Enterprises are going through another industrial revolution known under different names, including Industry 4.0, Digital Transformation, and the Industrial Internet of Things (IIoT). The goal of the implementation of this revolution is to improve efficiency, value, and innovation.(7)
Push-to-talk over cellular or PoC solutions is becoming increasingly popular, which is increasing the growth of the global push-to-talk market.(9)
Large corporations are putting in place cloud-based push-to-talk solutions that offer multimedia features, real-time security, and greater use of wireless Push-to-Talk services. (9)
Likewise, it offers improved call management, cost control, and greater convenience, fueling the expansion of the global push-to-talk market.(9)
Other significant factors are the expanding use of push-to-talk in public safety organizations and the increased demand for rugged and ultra-rugged cell phones.(9)
A rapid increase in the push-to-talk market is also projected as a result of the introduction of cutting-edge technologies like the LTE network and the development of 5G infrastructure.(9)
There will be a range of changes coming for the push to speak market as a result of the Internet of Things (IoT), AI, NLP, and the rising use of online applications.(9)
Thus, there is enormous potential for growth in the industry.
The global push-to-talk market is projected to grow at a positive CAGR of 8.9%, reaching $59.81 billion by 2030.(9)
NEWS
Siyata Mobile to Showcase Mission Critical PPT Solution with CrisisGo at National School Safety Conference June 28-29
Vancouver, BC – June 21, 2023 — Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it will host exhibitor’s booth #105…
Posted on June 21, 2023
Siyata Mobile Teams with Mobile Tornado to Offer Leading Push-to-Talk Over Cellular Application on SD7 Handset
Vancouver, BC – June 20, 2023 — Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Mobile Tornado Group Plc (AIM: MBT)…
Posted on June 20, 2023
Siyata Mobile to Showcase SD7 Handset and VK7 Vehicle Kit at Minnesota School Bus Operators Association’s Annual Summer Conference June 19 – 21
Vancouver, BC – June 15, 2023 – Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it will showcase its SD7 Handset and its VK7…
Posted on June 15, 2023
Siyata Mobile Launches New Mobile Command Center Unit
Secures First Order from EMS Organization Vancouver, BC – June 14, 2023 – Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today launched its latest product, the…
Posted on June 14, 2023
Siyata Mobile Improving Fleet Communications at Minnesota Coaches
Enabling unlimited push-to-talk, two-way communication across North America for transportation fleet Vancouver, BC – June 12, 2023 – Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW)(“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced…
Posted on June 12, 2023
Siyata Mobile Announces $400,000 in New Orders
Increases Market Penetration in Healthcare, Education and Construction Verticals VANCOUVER, BC — June 5, 2023 — Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW)(“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it…
Posted on June 5, 2023
Siyata Mobile Receives $1.2 Million Order to Provide In-Vehicle Devices and Video Monitoring for EMS Organization
Video Monitoring Service Enabled by New Product Creates Recurring Revenue Stream Vancouver, BC – June 1, 2023 — Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal…
Posted on June 1, 2023
Siyata to Present at LD Micro Invitational XIII
Presentation on Tuesday, June 6, 2023 at 3:30 p.m. PT VANCOUVER, British Columbia – May 31, 2023 – Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster…
Posted on May 31, 2023
Siyata Mobile Announces First Quarter 2023 Financial Results
Revenue of $1.8 million, up 116% year-over-year Company to host conference call at 8 a.m. ET on Thursday, May 25 Vancouver, BC – May 24, 2023 — Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of…
Posted on May 24, 2023
Siyata Mobile to Participate in Critical Communications World 2023 in Helsinki, Finland May 23 to 25
Visit Booth F65 in the Exhibition Hall to Experience Siyata’s Solutions Vancouver, BC – May 22, 2023 – Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster…
Posted on May 22, 2023
Siyata Expands Global Distribution of Next-Generation Push-to-Talk Mobile Device in the Netherlands
Signs Distribution Agreement with KPN VANCOUVER, British Columbia – May 17, 2023 – Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster solutions, today announced it has…
Posted on May 17, 2023
Siyata Mobile Announces Fourth Quarter and Full-Year 2022 Financial Results
Q4 Revenue of $2.1M million, up 9% year-over-year Q1 2023 results to be reported after the Nasdaq close on May 24 Company to host conference call at 8 a.m. ET on Thursday, May 25 VANCOUVER, BC – May 16, 2023…
Posted on May 16, 2023
Siyata Mobile Announces Upcoming Earnings Release and Conference Call Schedule
Q4 and Full Year 2022 results to be reported after the close on May 15 Q1 2023 results to be reported after the close on May 24 Plans to host conference call at 8 a.m. ET on May 25 Vancouver,…
Posted on May 11, 2023
Siyata Mobile Expands Footprint in Education Vertical with over $900,000 Order to Supply a U.S. School District with SD7 Handsets
Vancouver, BC – May 3, 2023 – Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, has received a purchase order for over $900,000 to supply…
Posted on May 3, 2023
Siyata Mobile to Participate in 1×1 Meetings at The Inaugural EF Hutton Global Conference
Vancouver, BC – April 25, 2023 – Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, announced today that Glenn Kennedy, its VP of International Sales,…
Posted on April 25, 2023
Siyata Mobile Expands Reseller Network for SD7 with Addition of Leading US Distributor Serving the Two-Way Radio Market
Two Way Direct offers SD7 nationally Vancouver, BC – April 24, 2023 – Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, announces Two Way Direct,…
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MANAGEMENT TEAM
MARC SEELENFREUND – CEO
Founder and CEO of Siyata . Prior to establishing Siyata Mr. Seelenfreund was a VP at Sunrise Corporation in New York focusing on financing publicly traded technology companies. Mr. Seelenfreund has a law degree and is a board member at a leading private university.
GERALD BERNSTEIN – CFO
Mr. Bernstein spend 20 years focusing on private equity financing and tax efficient corporate structuring in multi-jurisdictional arenas. Mr. Bernstein holds a Bachelor of Commerce as well as a Graduate Diploma in Public Accountancy- both from McGill University. Member of the Canadian Institute of Chartered Accountants since 1987 and a professional chartered accountant.
GLENN KENNEDY – VP SALES
Mr. Kennedy has over 25 years of sales experience in the telecommunications industry. Prior to joining Siyata in 2016, Mr. Kennedy has managed sales nationally for Motorola Canada, HTC Communications Canada and Sonim Technologies. Mr. Kennedy holds an Bachelor of Arts in Honors Business Administration from the Richard Ivey School of Business at the University of Western Ontario.
DIRECTORS
PETER GOLDSTEIN, CHAIRMAN OF THE BOARD
With over 30 years of diverse and global entrepreneurial, client advisory and capital market experience, Mr. Goldstein has a successful track record in leading and building companies in the capital markets. Mr. Goldstein has achieved capital market objectives by drawing on his strengths in M&A, strategic planning and transaction structuring, as well as his own entrepreneurial success. He has steered and completed initial public offerings (IPO), uplisting and reverse merger transactions, secured private placements and designed successful crowdfunding campaigns. Mr. Goldstein advised the Company on its recently upsized $12.6 Million U.S. Initial Public Offering and listing on the NASDAQ.
STEPHEN OSPALAK, BOARD MEMBER
Over 20 years in telecom, currently SVP Marketing & Operations at BMG Inc. Served as interim CEO for AiTelecom; Global Integration Officer for Virgin Management Inc.; Canadian VP & Board Advisor for Brightstar, and as SVP Operations at Iusacell. Served as VP of Products & Services at Telus Communications Inc. responsible for an annual spend > $US 1billion in wireless & wireline equipment. Led the planning and execution of Clearnet’s market debut and nationwide launch of the iDEN and PCS Cellular services, setting the North American PCS launch record. Held management positions at AT&T.
MICHAEL KRON, BOARD MEMBER
Mr. Kron has over 20 years of experience in investment and corporate finance, currently chairman and CFO at AnywhereCommerce Inc. He also co-founded Zellers Optical Centers and played a key role in the sale to Vision Associates of Atlanta. He was the co-founder and CFO of Miazzi Ventures where he founded Mamma.com Inc and later sold to Intasys Corporation at a $44M valuation. Mr. Kron holds a Bcomm from Concordia University as well as a Graduate Diploma in Public Accountancy from McGill University. He has been a member of the Canadian Institute of Chartered Accountants since 1987.
LOURDES FELIX, BOARD MEMBER
Lourdes Felix is a corporate finance executive offering over fifteen years of combined experience in public accounting and in the private sector in building, leading, and advising corporations through complex restructurings. Ms. Felix was previously the controller for a mid-size public accounting firm for over seven years and was responsible for the operations and financial management of regional offices. Ms. Felix has been a Director of BioCorRx Inc. since March 7, 2013. Ms. Felix was appointed Chief Executive Officer of BioCorRx on November 9, 2020 and became Chief Financial Officer of BioCorRx on October 1, 2012. Ms. Felix was President of BioCorRx from February 26, 2020 until she resigned upon her appointment as CEO on November 9, 2020. Ms. Felix holds a Bachelor of Science degree in Business Management and Accounting from University of Phoenix.
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Source 38: https://static.stocktitan.net/company-logo/syta-tmb.png
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Source 42: https://schrts.co/snQuwcYX
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