Welcome to our dedicated page for Siyata Mobile news (Ticker: SYTA), a resource for investors and traders seeking the latest updates and insights on Siyata Mobile stock.
Siyata Mobile Inc. news covers the issuer’s history as a developer and vendor of mission-critical Push-to-Talk over Cellular handsets and accessories, including SD7 devices, in-vehicle solutions, cellular booster systems, carrier distribution, RAM Mounts accessories, and Verizon Frontline Verified status.
Later updates document the completed shift to Core AI Holdings, Inc. following the Core Gaming merger, with recurring disclosures on operating performance, AI music and voice-generation platforms such as VoicePix and LikeMusic.AI, material agreements, shareholder voting, capital structure, and governance.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) announced the successful deployment of its mission critical push-to-talk (MCPTT) solution during the 2023 Special Olympics New York Winter Games. For the second consecutive year, the company provided its SD7 MCPTT solution to support security personnel and volunteers, ensuring safe communications amid challenging weather conditions. The SD7 device operates over a 4G LTE network, requiring no additional infrastructure like radio towers. It offers essential features for first responders, aiming to enhance public safety.
Siyata Mobile Inc. has launched the T600 Cellular Booster, aimed at enhancing signal strength and reception for T-Mobile 5G enterprise customers. This innovative device promises crystal clear voice quality and rapid data speeds, facilitating productivity even in areas with poor cellular connectivity. According to CEO Marc Seelenfreund, the T600 is a next-generation solution tailored for corporate users. The T600's easy installation makes it apt for improving network performance in remote locations and large office buildings. For further details, visit the Siyata website.
Siyata Mobile (NASDAQ:SYTA, SYTAW) announced a $750,000 order for its next-generation MCPTT solution from an independent emergency management service. This order includes the SD7 devices and accessories designed for robust communication in challenging conditions. The SD7 enables reliable push-to-talk communications for first responders via 4G LTE networks, eliminating the need for costly infrastructure investments. This order showcases Siyata's expanding footprint in the emergency response sector and solidifies its position in providing essential communication tools for critical situations.
Siyata Mobile Inc. has successfully entered the hospitality industry with a significant order for its next-generation MCPTT solution, which includes the SD7 device, from a multi-billion-dollar integrated resort and residential development in The Bahamas. This order follows a successful pilot project, marking a key win for Siyata in this new vertical. The SD7 device enhances communication among various personnel within the resort, ensuring effective collaboration and operational efficiency. Siyata's solutions allow for seamless communications without the need for additional infrastructure, utilizing existing cellular networks across North America and internationally.
Siyata Mobile Inc. (Nasdaq: SYTA/SYTAW) has secured follow-on orders totaling approximately $400,000 from a prominent Saudi Arabian cellular carrier, bringing total cumulative orders since 2019 to over $1.7 million. The orders are intended for the deployment of the Uniden UV350, a 4G/LTE communication device designed for emergency response vehicles. This news reflects the strong relationship between Siyata and the customer, highlighting the value of their products in high-risk situations. The UV350 is the only FirstNet Ready device in its category, addressing a growing demand for reliable Push-to-Talk over Cellular solutions.
Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has announced the launch of its rugged SD7 device on T-Mobile's IoT data network, marking a significant milestone as all major U.S. carriers now offer the SD7. The company aims to disrupt the $13 billion Land Mobile Radio (LMR) market by providing a superior alternative. The SD7 is designed for first responders and enterprise customers, featuring 4G LTE connectivity, an IP68 rating for durability, and no need for infrastructure investment. This expansion could enhance Siyata's market reach and solidify its competitive position.
Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) has partnered with RadioTrader, the UK and Ireland's top two-way radio supplier, to distribute its SD7 rugged PoC device and VK7 vehicle kit. This agreement aims to penetrate the multi-billion-dollar Land Mobile Radio industry. RadioTrader, leveraging its 20 years of experience, will provide enhanced connectivity across various sectors such as agriculture, aviation, and retail. The SD7 offers superior audio quality and durability, eliminating the need for traditional radio infrastructure.
Siyata Mobile Inc. (SYTA, SYTAW) announces the launch of its rugged SD7 device by Bell Mobility, set for Q4 2022. This device targets the multi-billion dollar Land Mobile Radio (LMR) market, promising improved functionality and cost efficiency. The SD7 features Push-To-Talk capabilities over 4G LTE, IP68 ratings for durability, and eliminates the need for additional infrastructure. Its certification by major North American carriers bolsters Siyata's presence in Push-to-Talk over Cellular markets.
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Siyata Mobile reported a 111% year-over-year revenue increase to approximately $2.6M for Q3 2022, driven by strong sales of the SD7 push-to-talk device, which generated $1.4M in revenue. The adjusted EBITDA loss decreased by 68% year-over-year to about $1.6M, and the company experienced a significant reduction in net loss to $500K from $5.7M year-over-year. Siyata is optimistic about growth as traction in various sectors continues, supported by the successful launch of new products and expansion efforts.