Siyata Mobile Announces New Partnership with JD Telecom
Rhea-AI Summary
Siyata Mobile announced a strategic partnership with JD Telecom to expand the distribution of its SD7 handsets and VK7 Vehicle Kits. JD Telecom is a notable telecom solutions provider and a strategic partner for T-Mobile, known for its commercial-grade vehicle solutions. Siyata CEO Marc Seelenfreund expressed optimism about the partnership's potential to increase demand for their Push-to-Talk (PTT) over Cellular devices. JD Telecom's Jack Day highlighted the compatibility of Siyata's products with their existing solutions and emphasized the mutual benefits of cross-selling opportunities.
Positive
- Partnership with JD Telecom, a reputable telecom solutions provider, can significantly enhance Siyata's market reach.
- Potential increase in demand and unit sales for Siyata's SD7 handsets and VK7 Vehicle Kits.
- JD Telecom's extensive network in various commercial sectors could open new customer segments for Siyata.
- Cross-selling opportunities leveraging the strengths of both companies' products.
Negative
- No concrete financial data provided to back up the projected increase in demand or sales.
- Dependence on the success of the partnership with JD Telecom for market expansion.
News Market Reaction
On the day this news was published, SYTA gained 20.14%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Siyata CEO, Marc Seelenfreund, commented, "JD Telecom is a trusted name in cellular vehicle solutions. We are pleased to partner with them and grow demand for our PoC devices. Together, we will work to attract new customers and increase unit sales."
Jack Day, of JD Telecom commented, "Our products are installed through our strategic partners with some of the biggest names in commercial transportation, waste, ready mix, education, public transit, field services and construction. We chose to add Siyata's SD7 Handset and VK7 Vehicle Kit to our catalog because they are high-performing, simple to use and are highly complementary to our vehicle solutions. We will continue to work together with Siyata to pursue cross-selling opportunities and leverage the strengths of our respective products."
About JD Telecom
JD Telecom keeps you on the road and connected by offering unparalleled build quality and first-class customer support. With over 40+ years of experience in the wireless and telematics industry, JD Telecom remains on the forefront of vehicle solutions – and continues to innovate for the next generation of drivers.
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.
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