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.
Since developing the world’s first 3G connected vehicle device back in 2012, Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden® Cellular brand.
Siyata Mobile Inc. was named in the Venture Top 50 for 2018
Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device. Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world.
Siyata also offers rugged handheld phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East.
“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.”
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.
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.
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
Thomas Kerr, CFA is a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience in Technology, Consumer, Industrials, Med-Tech, Healthcare & Biotechnology sectors recently assigned a $2.50 valuation on Siyata Mobile Inc. (Nasdaq: SYTA) on November 14th, 2022
The company reported 3rd quarter 2022 results on November 10th 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 increase in the sale of rugged devices including the SD7 rugged handset during the quarter.
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
In general, nano-cap companies have market capitalizations of less than $50 million.(3)By identifying companies when they are still small, you have the opportunity to witness the front end of a potentially massive growth curve.(3)According to MarketWatch.com, as of 12/8/22, Siyata Mobile Inc. (Nasdaq: SYTA) has a market cap of less than $2.5 million.
Thomas Kerr, CFA is a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience in the Technology, Consumer, Industrials, Med-Tech, Healthcare & Biotechnology sectors recently assigned a $2.50 valuation on Siyata Mobile Inc. (Nasdaq: SYTA) on November 14th, 2022.
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.
Shares of Siyata Mobile Inc. (Nasdaq: SYTA) recently bounced off its 52-week low of $.1051 on 11/09/2022 and with a 52-week high of $ 5.4763 set on 12/09/2021 there could be over 5,110% in upside potential if (SYTA) climbs back to that 52-week high level. (2) To be fair, a 5,110% move back to the 52-week high is not expected, but the potential should be noted.
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.
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