SYTA - Siyata Mobile’s “Must Have†SD7 Push-To-Talk Over Cellular (PoC) Handsets Lock In $1400000 In New Revenue The Company’s Largest Order To Date
(NewsDirect)
By Jad Malaeb, Benzinga
Siyata MobileInc. (NASDAQ: SYTA), a global vendor of Push-to-Talk over Cellular(PoC) devices and cellular signal booster systems, is making waves inthe industry with its recent developments. The company recently issuedseveral press releases indicating that Siyata's product line maybe gaining momentum, including the most recent pressrelease from Thursday, July 6, 2023, announcing the receipt oftheir company’s largest SD7 purchase order of approximately $1.4million. The SD7 handsets are approved for use by all major U.S.wireless carriers, and new orders continue to increase due to thedemand for Push-to-Talk Over Cellular Handsets.
In previous pressreleases , Siyata announced that it has received new ordersduring the second quarter of 2023. On June 22, 2023, Siyata announcedapproximately $600,000 in aggregate revenue. The orders includeSiyata's SD7 Handsets and VK7 Vehicle Kits and come from customersof leading cellular carriers. Delivery of these orders is expected totake place in the second and third quarters of 2023.
Marc Seelenfreund, CEOof Siyata, expressed his enthusiasm, stating, "These orders areadditional proof points of the sales momentum that we are building andthe demand for our unique Push-to-Talk offering." He highlightedSiyata's strategy of leveraging the sales forces of major cellularcarrier partners, enabling them to reach more customers across theU.S. and diversify into new markets. The announced orders will supportoperations in education, construction and logistics, showcasing thebroad applicability of Siyata's SD7 handsets beyond thetraditional emergency response market.
The recent $600,000 in extra revenue is anadd-on to the string of deals Siyata Mobile has been securingthroughout the year. On June 1st, 2023, for example, the company received an order for $1.2 million for its UV350 In-Vehicle Devices and‘Siyata Real Time View’ service. Four days later, on June 5th,2023, Siyata received orders for $400,000 in aggregate revenue for its SD7 Handsets and VK7Vehicle Kits.
Thecombination of these press releases indicates a potentially promisingtrajectory for Siyata's product line. Including previous pressreleases, the total revenue of these press releases announcing certainsales so far in 2023 is $6.1 million – exceeding 2022’s full-yearrevenue figure of $6.0 million, with five months still left in thecurrent year.
Siyata's increasing presence in various industriesdemonstrates the growing adoption of its PoC devices and cellularbooster systems. The company already serves sectors such as PublicSafety, Transportation, Oil & Gas, School, Service Delivery andWaste Management, and it is actively seeking to expand into additionaltarget markets. As the demand for efficient and reliable communicationsolutions continues to rise, Siyata may be well-positioned to capturea larger market share and drive further innovation in theindustry.
Thecompany’s regulatory filings also indicate that its CEO MarcSeelenfreund participated in the last capital raise by purchasing 1.8million shares. This is another indicator that the company believesthat it is on the right path and insiders anticipate growth.
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Siyata Mobile Inc. is a B2B global vendor of next-generationPush-To-Talk over Cellular devices, cellular booster systems, andvideo monitoring solutions. Its portfolio of in-vehicle and ruggeddevices enables first responders and enterprise workers to instantlycommunicate, over a nationwide cellular network of choice, to increasesituational awareness and save lives.Its portfolio of enterprise-gradeand consumer cellular booster systems enables first responders andenterprise workers to amplify cellular signals in remote areas, insidestructural buildings where signals are weak, and within vehicles forthe maximum cellular signal strength possible.For its video monitoringsystem, Siyata integrates software that we license with off-the-shelfhardware providing our customers with an integrated advanced camerasystem for management and visual monitoring of their fleetvehicles.
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