
OUR NEW PROFILE IS: (Nasdaq: SYTA)
(TSXV: SIM)
SYTA Operates in the United States, Canada, Europe, Australia, Middle East
Siyata gives carriers the ability to activate a SIM card and generate income otherwise not captured with customers who use LMR
Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021
Siyata Mobile Inc. (Nasdaq: SYTA) Secures Channel Partnerships with 2 of the 3 Largest Mobile Carrier Providers in the US
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CHECK OUT THE INVESTOR PRESENTATION HERE
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Hello Everyone,
We have another exciting Nasdaq profile for Monday’s session.
It is not often that we see a company trading on a National exchange at this price point.
Pull up SYTA immediately.
We want to get this one on your radar as we head into the weekend.
Siyata Mobile Inc. (NASDAQ: SYTA) (TSXV: SIM) is a leading global developer and provider of Push-to-Talk Over Cellular (“PTT/PoC”) systems for enterprise customers. The company specializes in connected vehicle products for professional fleets and markets its products under the Uniden® Cellular brand.
Since its inception in 2012, Siyata has amassed a customer base that includes cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia and the Middle East.
Recognized by the Toronto Venture Stock Exchange in 2018 as a Venture Top 50 Company, Siyata aims to deliver the highest quality and most technologically advanced mobile communication devices for global corporate workforces, fleets, homes and buildings.
The company has long been an industry pioneer, delivering the world’s first 3G connected vehicle device as well as the world’s first 4G/LTE vehicle-mounted smartphone for First Responders and commercial fleets and vehicles, thereby creating a new category in the cellular device market with a dedicated smartphone tailor-made for the commercial vehicle market.
Siyata’s suite of technology includes numerous PTT and legacy devices, as well as cellular boosters designed to improve cellular signals in corporate warehouses, government embassies, retirement home campuses, banks and manufacturing plants.
The company’s flagship product, the Uniden UV350, is the world’s first vehicle-mounted 4G/LTE smartphone with crystal clear quality, carrier grade PTT, voice, text, video and data applications built into a single device. Specifically designed for First Responder and commercial fleet vehicles, the UV350 runs on cellular LTE networks that provide nationwide and global coverage, replacing traditional single purpose two-way radios that require a monthly fee and limited network coverage.
The Uniden UV350 is currently available through Bell Mobility, Canada’s largest LTE network and PTT community, as well as AT&T in the U.S. Further expanding its availability, Siyata is completing network approval with another U.S. Tier 1 operator to launch the UV350 in Q3 2019.
The company reported 3rd quarter 2022 results on November 10th which demonstrated strong growth for one of its product lines. Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021. This 111% increase over the prior year period was primarily due to the increase in the sale of rugged devices including the SD7 rugged handset during the quarter. Sales related to rugged handsets and accessories increased 588% to approximately $1.9 million.
Despite Siyata’s small size, no other competitor offers as comprehensive of a portfolio of products. Siyata Mobile Inc. (Nasdaq: SYTA) provides disruptive solutions aimed at the Push-to-talk-over-Cellular (PoC) industry, with three complementary product categories targeted to the same core channels and customers. (5)Large global telecommunications customers provide potential rapid entry into a $50 billion North American market. (6)
MAJOR CATALYSTS
- Recognized in 2018 by the Toronto Venture Stock Exchange as a Top 50 Company
- Siyata is the first and only company to offer a dedicated in-vehicle cellular solution for the next generation of fleet communication in North America
- New revenue streams are opening up in North American with nationwide cellular networks like Bell Mobility and two Tier 1 U.S. cellular carriers
- Future recurring revenue from third-party fleet application sales
- Uniden UV350 has already been launched with Bell Canada and AT&T
- Additional Tier 1 U.S. carrier agreement expected in Q3 2019
- North America presents very few to no competitors for Siyata Mobile
- Over 1 million rugged cellular devices are sold in North America annually
- According to the United States Department of Transportation, in 2016 there were 3.5 million First Responder vehicles and 9.7 million commercial vehicles throughout the United States
- Very strong treasury, excellent liquidity on the stock
- All-in-one device is available for approximately USD$1,000, replacing expensive USD$5,000-$10,000 equipment (lower Capex and opex)
- Participating in a $15 billion-dollar market with no direct competition
Siyata Mobile Inc. (Nasdaq: SYTA) aims to be the global leader in the rapidly growing Push-to-Talk Over Cellular (PoC) industry by disrupting the legacy Land Mobile Radio (LMR) industry with Next Generation Cellular Technology.
Siyata will be competing with companies that have $10b – $40B Market Values.
But this is not a “David vs Goliath” situation…
In fact, Siyata is in a “Goliath vs Goliath” situation as they already have 2 of the largest mobile carriers (AT&T and Verizon) as their channel partners.
Could you imagine what this could mean for a company with a market cap of less than $2.5 million dollars as of 12/8/22(4)?
AT&T, Verizon, and other cellular carriers are competing for the lucrative Land Mobile Radio (LMR) market and Siyata Mobile Inc. (Nasdaq: SYTA) and its technology could be the secret ingredient…
This is similar to when the Intel Corporation started its now famous “Intel Inside” marketing campaign.
Before the “Intel Inside” campaign, Intel had been largely unknown to consumers. The company had a reputation for its technical prowess and quality among original equipment manufacturers, but it had not seen much need to cultivate a similar renown among end users. (26)
That began to change in the late 1980s — the PC market was creating a huge demand for central processing units, and with that came a new imperative for Intel to explain the desirability of its products to lay consumers.(26)
Intel’s response to that imperative, the “Intel Inside” campaign, would make advertising history, turn Intel into a household brand name and create a valuable shortcut through which OEMs could signal the quality of their products to customers.(26)
Siyata could potentially be the “Siyata Inside” that the Push-to-Talk Over Cellular market is missing.
With a combined existing base of over 343 million subscribers, having AT&T and Verizon as channel partners could prove to be a monumental catalyst for Siyata Mobile Inc. (Nasdaq: SYTA) as they roll out their game-changing Push-to-Talk Over Cellular devices. (22)(23)
Siyata Mobile Inc. (Nasdaq: SYTA) Announces Channel Partnership with Verizon Communications Inc.
On June 7, 2022 – Siyata Mobile Inc. (Nasdaq: SYTA) announced that Verizon Communications Inc., the largest mobile operator in the U.S. with 143.0 million total retail connections as of Q1 2022, has fully integrated Siyata’s rugged SD7 device into their network.
As a Siyata channel partner, Verizon will sell the SD7 to their broad enterprise customer base as well as their first responder network of 4.5 million connections with over 30,000 public-safety agencies.
The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry.
“We are thrilled to be working with Verizon, the largest cellular network in the U.S., as we roll out our game-changing SD7 device,” said Siyata CEO Marc Seelenfreund.
“With superior coverage, improved functionality, and low start-up and operating costs, the SD7 is the perfect upgrade from land-based radio technologies, delivering a far superior solution to a multi-billion dollar industry. Now through Verizon, we can reach even more first responders and enterprise personnel with a rugged device that can operate reliably in tough working environments.”(22)
The SD7 brings push-to-talk communications into the 21st century and enables first Responders and enterprise clients a simple easy-to-use rugged Android based Push-To-Talk (PTT) device with excellent sound quality that operates over the high bandwidth 4G LTE network, providing consistent connectivity across the nation and internationally. (22)
Its IP68 rating, resistance to water and dust, drop protection, and robust battery make it well suited for use in harsh environments. Importantly, there is no need to invest in infrastructure such as radio towers or repeaters.(22)
The SD7 allows first responders as well as secondary support personnel to quickly connect and coordinate on unified public cellular networks in North America and international markets.(22)
(3 Month Chart)
Siyata’s Receives Follow-On Orders for its UV350 Device from Leading Saudi Arabian Cellular Carrier
Siyata Mobile Inc. (Nasdaq: SYTA) Announces Channel Partnership with AT&T Inc.(23)
On June 27, 2022, Siyata Mobile Inc. (Nasdaq: SYTA) announced that the SD7 rugged device is now commercially available on and will be sold through the FirstNet® network and to AT&T Inc.’s enterprise channels.
AT&T is one of America’s largest mobile operators with 201.8 million mobility subscribers, as of Q4 2021.
As a Siyata channel partner, AT&T will offer the SD7 device and accessories to their extensive U.S. enterprise customer base.
The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio (LMR) industry and is perfectly suited for AT&T’s enterprise customers who require a rugged device that can operate reliably in harsh working environments.
AT&T has approximately 3 million business customers (as of Q4 2021) in verticals including: construction, energy and utility, transportation and logistics, manufacturing, government & defense, travel & hospitality.
“The momentum continues to build for our game-changing SD7 device and we are thrilled to be commercially launching on FirstNet® and AT&T’s network,” said Siyata CEO Marc Seelenfreund.
“With superior coverage, improved functionality, and low start-up and operating costs, the SD7 is the perfect upgrade from land-based radio technologies, delivering a far superior solution to a multi-billion dollar industry.”
The SD7 brings push-to-talk communications into the 21st century and enables first Responders and enterprise clients a simple easy-to-use rugged Android based Push-To-Talk (PTT) device with excellent sound quality that operates over the high bandwidth 4G LTE network, providing consistent connectivity across the nation and internationally.
NEWS
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ACCESSWIRE•last month
Siyata Mobile Adds UK and Ireland Distributor RadioTrader for SD7 Devices and VK7 Accessories
Siyata Mobile Inc. (NASDAQ SYTA)(NASDAQ:SYTAW)(“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, has added RadioTrader, the UK and Ireland’s premier two-way radio supplier, to distribute the SD7 ruggedized, mission critical PoC device and VK7 vehicle kit accessary.
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Siyata Launches T600 Cellular Booster for T-Mobile 5G Enterprise Customers
Siyata Mobile Inc. (Nasdaq:SYTA/SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster solutions, today announced the launch of the Siyata T600 Cellular Booster for T-Mobile 5G enterprise customers.
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ACCESSWIRE•9 days ago
Siyata Receives $750,000 Order for Its Next Generation Push-to-Talk Over Cellular Solution (PoC)
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster solutions, today announced it has received an order for $750,000 for its next-generation MCPTT (mission critical push-to-talk) solution to equip an independent emergency management service (“EMS”) provider.
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ACCESSWIRE•last month
Siyata Expands Reach of Their Next Generation Push-to-Talk Over Cellular Solution (PoC) to a New Vertical Market
Siyata Mobile Inc.(Nasdaq:SYTA/SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster solutions, today announced it has received an order for its next-generation MCPTT (mission critical push-to-talk) solution, which includes its SD7 device and related accessories, from a multi-billion-dollar, integrated resort and residential property development located in The Bahamas.
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ACCESSWIRE•last month
Siyata’s Receives Follow-On Orders for its UV350 Device from Leading Saudi Arabian Cellular Carrier
Siyata Mobile Inc.(Nasdaq:SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, today announced it has received follow-on orders from an existing customer, a leading Saudi Arabian cellular carrier, for its Uniden® UV350, a 4G/LTE all-in-one in-vehicle communication device.
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ACCESSWIRE•2 months ago
Siyata’s Next Generation Push-to-Talk Over Cellular SD7 Device to be Launched Across T-Mobile IoT Data Network
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, is pleased to announce that T-Mobile US, Inc. (“T-Mobile”), the second largest wireless carrier in the U.S. with more than 111.7 million customers1, will launch Siyata’s rugged SD7 device onto its Internet of Things (IoT) data network.
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ACCESSWIRE•3 months ago
Siyata Mobile Adds UK and Ireland Distributor RadioTrader for SD7 Devices and VK7 Accessories
Siyata Mobile Inc. (NASDAQ SYTA)(NASDAQ:SYTAW)(“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, has
ACCESSWIRE•2 months agoSiyata Mobile’s SD7 Device Launch on Bell Mobility Wireless Network Expands Next-Generation Push-to-Talk Over Cellular Services Across Canada
Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW)(“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, is pleased to announce that Bell Mobility Inc., a leading wireless operator in Canada with more than 10 million subscribers and a division of Bell Canada, will launch Siyata’s rugged SD7 device onto their network in the fourth quarter 2022.
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Zacks Small Cap Research•2 months ago
SYTA: UPDATE: Siyata reported 2022 3rd quarter financial results which showed high revenue growth rates compared to the prior year period.
By Thomas Kerr, CFA NASDAQ:SYTA READ THE FULL SYTA RESEARCH REPORT Siyata Mobile (NASDAQ:SYTA) reported 3rd quarter 2022 results on November 10 th which demonstrated strong growth for the SD7 rugged handset. Revenues for the quarter ending September 30, 2022 were $2,567,885 compared to $1,218,875 for the 3rd quarter of 2021. This 111% increase over the prior year period was primarily due to the
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ACCESSWIRE•2 months ago
CORRECTING AND REPLACING: Siyata Mobile Announces Third Quarter 2022 Financial Results
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended September 30, 2022.
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ACCESSWIRE•2 months ago
Siyata Mobile Announces Third Quarter 2022 Financial Results
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended September 30, 2022.
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ACCESSWIRE•2 months ago
Siyata Mobile to Host Third Quarter 2022 Financial Results Call on November 11 at 8 a.m. EST
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that it will host its third quarter 2022 financial results conference call on Friday, November 11, at 8 a.m. EST. Following management’s formal remarks, there will be a question-and-answer session.
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ACCESSWIRE•2 months ago
Siyata Mobile Welcomes Telecom Industry Veteran Dan Leech to its Sales Team
Siyata Mobile Inc. (NASDAQ:SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced the addition of telecom industry veteran Dan Leech to the Company’s sales team.
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ACCESSWIRE•2 months ago
Siyata’s SD7+ Cellular Body Camera Device Will Soon Be Powered by Visual Labs
Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announces the SD7+ rugged mission-critical push-to-talk (PTT) device will soon be powered with Visual Labs Inc.’s (“Visual Labs”) innovative body camera software.
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ACCESSWIRE•3 months ago
Siyata to Present at ThinkEquity Investor Conference on October 26
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Daniel Kim, VP Corporate Development of the Company, will attend and present at the ThinkEquity investor conference taking place at The Mandarin Oriental Hotel in New York on Wednesday, October 26, 2022.
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ACCESSWIRE•3 months ago
Siyata Announces Closing of $4.0 Million Registered Direct Offering
Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced the closing of its previously announced $4.0 million registered direct offering.
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ACCESSWIRE•3 months ago
Siyata Announces Pricing of $4.0 Million Registered Direct Offering
Siyata Mobile Inc.(Nasdaq:SYTA/SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately $4.0 million of its common shares and pre-funded warrants in lieu thereof in a registered direct offering and warrants to purchase common shares in a
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ACCESSWIRE•4 months ago
Siyata Mobile’s Uniden(R) Cellular Booster Kits and Accessories To Be Purchased By U.S. Navy
Siyata Mobile Inc.(NASDAQ:SYTA)(NASDAQ:SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, is pleased to announce that it has received a purchase order from a federal government contractor who will provide Uniden® cellular booster kits and accessories to the U.S. Navy.
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ACCESSWIRE•4 months ago
Siyata Launches CrisisGo Panic App Integration for SD7, Providing Instant Communication Between Teachers and First Responders to Improve Crisis Response Times
Siyata Mobile Inc. (Nasdaq:SYTA/SYTAW)(“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, is pleased to announce that its SD7 rugged mission-critical push-to-talk (MCPTT) device is now integrated with CrisisGo Inc.’s (“CrisisGo”) Panic App, giving teachers instant access to first responders with a single push of a button.
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ACCESSWIRE•4 months ago
Siyata Mobile Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Siyata Mobile Inc.(Nasdaq:SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that the Company had received a notification letter dated August 26, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth
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MANAGEMENT TEAM
Marc Seelenfreund – CEO
Founder and CEO of Siyata . Prior to establishing Siyata Mr. Seelenfreund was a VP at Sunrise Corporation in New York focusing on financing publicly traded technology companies. Mr. Seelenfreund has a law degree and is a board member at a leading private university.
Gerald Bernstein – CFO
Mr. Bernstein spend 20 years focusing on private equity financing and tax efficient corporate structuring in multi-jurisdictional arenas. Mr. Bernstein holds a Bachelor of Commerce as well as a Graduate Diploma in Public Accountancy- both from McGill University. Member of the Canadian Institute of Chartered Accountants since 1987 and a professional chartered accountant.
Glenn Kennedy – VP Sales
Mr. Kennedy has over 25 years of sales experience in the telecommunications industry. Prior to joining Siyata in 2016, Mr. Kennedy has managed sales nationally for Motorola Canada, HTC Communications Canada and Sonim Technologies. Mr. Kennedy holds an Bachelor of Arts in Honors Business Administration from the Richard Ivey School of Business at the University of Western Ontario.
Peter Goldstein, Chairman of the Board
With over 30 years of diverse and global entrepreneurial, client advisory and capital market experience, Mr. Goldstein has a successful track record in leading and building companies in the capital markets. Mr. Goldstein has achieved capital market objectives by drawing on his strengths in M&A, strategic planning and transaction structuring, as well as his own entrepreneurial success. He has steered and completed initial public offerings (IPO), uplisting and reverse merger transactions, secured private placements and designed successful crowdfunding campaigns. Mr. Goldstein advised the Company on its recently upsized $12.6 Million U.S. Initial Public Offering and listing on the NASDAQ.
Stephen Ospalak, Board Member
Over 20 years in telecom, currently SVP Marketing & Operations at BMG Inc. Served as interim CEO for AiTelecom; Global Integration Officer for Virgin Management Inc.; Canadian VP & Board Advisor for Brightstar, and as SVP Operations at Iusacell. Served as VP of Products & Services at Telus Communications Inc. responsible for an annual spend > $US 1billion in wireless & wireline equipment. Led the planning and execution of Clearnet’s market debut and nationwide launch of the iDEN and PCS Cellular services, setting the North American PCS launch record. Held management positions at AT&T.
Michael Kron, Board Member
Mr. Kron has over 20 years of experience in investment and corporate finance, currently chairman and CFO at AnywhereCommerce Inc. He also co-founded Zellers Optical Centers and played a key role in the sale to Vision Associates of Atlanta. He was the co-founder and CFO of Miazzi Ventures where he founded Mamma.com Inc and later sold to Intasys Corporation at a $44M valuation. Mr. Kron holds a Bcomm from Concordia University as well as a Graduate Diploma in Public Accountancy from McGill University. He has been a member of the Canadian Institute of Chartered Accountants since 1987.
Lourdes Felix, Board Member
Lourdes Felix is a corporate finance executive offering over fifteen years of combined experience in public accounting and in the private sector in building, leading, and advising corporations through complex restructurings. Ms. Felix was previously the controller for a mid-size public accounting firm for over seven years and was responsible for the operations and financial management of regional offices. Ms. Felix has been a Director of BioCorRx Inc. since March 7, 2013. Ms. Felix was appointed Chief Executive Officer of BioCorRx on November 9, 2020 and became Chief Financial Officer of BioCorRx on October 1, 2012. Ms. Felix was President of BioCorRx from February 26, 2020 until she resigned upon her appointment as CEO on November 9, 2020. Ms. Felix holds a Bachelor of Science degree in Business Management and Accounting from University of Phoenix.