VANCOUVER, BC, Dec. 12,
2024 /PRNewswire/ -- Siyata Mobile
Inc. (Nasdaq: SYTA) ("Siyata" or the
"Company"), a global developer and vendor of Push-to-Talk
over Cellular (PoC) handsets and accessories, is pleased to
announce that the Company will host an upcoming press event that
will showcase a new significant material development, which is
tentatively scheduled for late December, 2024.
Marc Seelenfreund, Siyata's Chief
Executive Officer, and others will be the featured presenters, and
the Company will provide further scheduling and viewing details in
an upcoming press release. Media representatives are invited
to contact IR@siyata.net to RSVP or for additional details.
Key Recent Achievements:
- Siyata's product acceptance and expansion has continually
increased.
- Record Revenue Growth: On November 14,
2024, Siyata reported its highest-ever quarterly revenue of
$5.9 million, marking a 200%
year-over-year increase and a 55% growth year-to-date.
- Major Order Secured: On November 4,
2024, the Company confirmed a $2.5
million order for Q1 2025, consisting of its PoC handsets
and Real Time View devices for an existing client.
- Strategic Product Expansion: On October
21, 2024, Siyata unveiled the next-generation SD7 Ultra
Series 5G mission-critical push-to-talk (MCPTT) cellular radio
handsets, to be available on T-Mobile's extensive 5G network—the
largest in the United States.
Mr. Seelenfreund further emphasized, "Siyata is in the best
position it's been in since our company's inception, as our capital
expenditures have directly improved all performance metrics, and we
look forward to delivering continued successful results. Please
tune into our upcoming press conference, which will highlight a
next level shareholder value creation event that you surely won't
want to miss."
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.