Siyata Mobile Announces $1.2 Million Follow-on Order from a Leading International EMS Customer
Rhea-AI Summary
Siyata Mobile Inc. (NASDAQ: SYTA) has received a $1.2 million follow-on order from a leading international EMS customer for additional units of the Company's Push-to-Talk over Cellular (PoC) rugged handsets, Real Time View, and related accessories. This order comes shortly after the company's announcement of $4.5 million in new orders on July 18, 2024. CEO Marc Seelenfreund emphasized that this repeat order demonstrates the strong market demand for Siyata's solutions and validates the performance of their devices and monitoring system. The customer has been purchasing Siyata's devices for the past two years to enhance collaboration and improve critical communications across its operations.
Positive
- Received a $1.2 million follow-on order from an existing customer
- Recent $4.5 million in new orders announced on July 18, 2024
- Repeat customer demonstrates product satisfaction and market demand
- Expanding presence in the EMS and first responder market
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SYTA declined 13.06%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Marc Seelenfreund, CEO of Siyata, stated, "Building on our July 18, 2024 press release highlighting
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".
Visit www.siyata.net and unidencellular.com 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.