Siyata Mobile Seizing Strategic Market Opportunities
Rhea-AI Summary
Siyata Mobile (Nasdaq: SYTA) has announced two significant developments. First, the company has postponed its press conference originally scheduled for January 9, 2025, to focus on pursuing an immediate business opportunity. The conference will be rescheduled later this month.
Additionally, the company has secured a substantial order from a major transit authority for over 2,000 SD7 handsets and accessories, which will replace the authority's existing mobile land radios. The delivery is expected in Q1 2025.
Positive
- Secured major order for over 2,000 SD7 handsets and accessories from a transit authority
- Order delivery expected in Q1 2025, indicating near-term revenue
Negative
- Postponement of scheduled press conference indicates uncertainty
News Market Reaction
On the day this news was published, SYTA declined 15.01%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Press Conference Delayed to Pursue Key Deal
"At Siyata Mobile, we are committed to seizing opportunities that enhance shareholder value. Postponing the press conference was a strategic decision made to ensure we fully capitalize on these developments. We believe the steps we are taking will significantly strengthen our company's future and I urge shareholders to stay engaged, as we anticipate sharing transformative updates throughout January," said Marc Seelenfreund, CEO.
In addition, the Company announced that it has received an order from a major transit authority for over two thousand SD7 handsets and accessories to replace the authority's mobile land radios. The order is expected to be delivered in the first quarter of 2025.
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", and its warrants under the symbol "SYTAW".
Visit www.siyata.net 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.
FAQ
What is the size of Siyata Mobile's (SYTA) recent transit authority order?
When will Siyata Mobile (SYTA) deliver the transit authority order?
Why did Siyata Mobile (SYTA) postpone its January 9, 2025 press conference?
What will replace the transit authority's mobile land radios?
