Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile has announced a purchase order valued at USD $1.6 million for in-vehicle devices from a leading U.S. cellular carrier. CEO Marc Seelenfreund expressed optimism about fulfilling the order in the first quarter of fiscal year 2021, highlighting the company's strategic positioning amid a shift in communication methods for enterprises and first responders. Siyata specializes in Push-To-Talk over Cellular devices and cellular booster systems that enhance communication capabilities.

Siyata Mobile has entered a distribution agreement with pei tel Communications GmbH to expand the reach of its Siyata UV350 device in Europe. The partnership allows entry into key markets including Germany, Austria, and Switzerland. pei tel specializes in communication solutions for commercial vehicles and offers a broad range of professional communication technology products. This collaboration aims to enhance Siyata's presence in new market verticals and is showcased at the digitalPMRExpo from November 24-26, 2020. CEO Marc Seelenfreund expressed optimism about the partnership.

Siyata Mobile's subsidiary, Signifi Mobile, has announced a partnership with OnTech Smart Services to provide installation services for Uniden cellular signal boosters in the U.S. This collaboration aims to enhance customer experience by offering professional installation, thereby improving cellular connectivity for users working or studying from home. The service will commence this winter, with OnTech's trained technicians available for same-day and next-day appointments across the country. This initiative is expected to significantly benefit customers facing poor cellular signal strength.

Siyata Mobile has announced a partial exercise of the over-allotment option related to its U.S. IPO closed on September 29, 2020. The company issued 120,000 additional common shares and 266,000 additional common share purchase warrants, generating gross proceeds of USD $721,460. Each warrant allows the purchase of one common share at an exercise price of USD $6.85 for five years. Proceeds from the offering will be allocated for sales, marketing, growth capital, and R&D purposes.

Siyata Mobile (Nasdaq: SYTA, SYTAW) has partnered with Fleet Complete for FirstNet to enhance school bus transportation safety in the U.S. This collaboration aims to improve fleet management and communication solutions for school buses through advanced vehicle analytics, GPS tracking, and Enhanced Push-to-Talk capabilities. The FirstNet Ready™ Uniden® UV30 device will integrate with Fleet Complete's mobile apps, providing real-time tracking and reliable communication tools for drivers. With over 500,000 school buses in the U.S., this initiative targets a significant market for Siyata.

Siyata Mobile has appointed Peter Goldstein to its Board of Directors, bringing over 30 years of experience in capital markets, M&A, and strategic planning. Goldstein played a pivotal role in the company's recent $12.6 million IPO and NASDAQ listing. He expressed enthusiasm about supporting Siyata's growth strategies. Additionally, Richard Hoy has resigned from the board, with the company thanking him for his contributions. Siyata specializes in Push-To-Talk over Cellular devices and cellular booster systems for first responders and enterprise workers.

Siyata Mobile is hosting a live investor webinar on October 29, 2020, at 2:00 PM ET. The session will feature an updated investor presentation detailing current operations, industry metrics, and future milestones for its products, including Rugged Handsets, In-Vehicle Devices, and Cellular Boosters. Interested parties can register for the webinar here. The company's presentation is available on its website.

Siyata Mobile has secured a USD$650,000 purchase order to supply its rugged Push-to-Talk (PTT) devices for homeland security in the Middle East. The devices are aimed at enterprise users, enhancing communication and worker safety. CEO Marc Seelenfreund highlighted this order as evidence of the ongoing demand for their rugged PTT portfolio, which combines the functionality of smartphones with robust performance for tough environments.

Siyata’s products enable nationwide communication and are designed for public safety scenarios, showcasing their commitment to improving situational awareness and safety.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) announced the delisting of its common shares from the TSX Venture Exchange (TSXV), effective October 19, 2020, at the company's request. The shares began trading on NASDAQ on September 25, 2020, following a successful U.S. IPO. Current shareholders can continue trading on NASDAQ without impact from the TSXV delisting. CEO Marc Seelenfreund expressed optimism regarding future U.S. growth and the company's strong investor base in Canada. Siyata specializes in Push-To-Talk (PTT) devices and cellular booster systems for first responders and enterprise workers.