What’s up everyone, so in this video, I bring you updates on one telecom stock looking
to disrupt the multi-billion-dollar Land Mobile Radio industry with more cost effective solutions.
They are also landing Partnerships with the Largest Mobile Carrier Providers in the US.
So a potential interesting prospect here if you ever had an interest in the telecom sector.
So make sure you stick around to the very end so you get the latest on their value proposition,
their latest orders which have moved their share price and why they could be the next
big tech disruptor.
So please drop a quick like on the video and hit the bell, so we can get on with it with
and talk about Siyata Mobile Inc (Nasdaq: SYTA) which is now sitting at 15 cents per
share with a market cap $6.8m.
Siyata is sitting flat since our last video but what is really interesting is that they’ve
been pushing and firing across all cylinders and laying out the ingredients for a great
year ahead.
We can see their big bounce here in January on the back of one of the big deals announced
and it goes to say how sensitive their stock price and how the market responds to their
news.
But when you look at them over the last 6months horizon, they are still down 81% and appear
to have bottomed out, making them ripe for a turnaround in the event of any pending market
recovery in 2023.
So if you see the journey they’ve been on, from 6m ago, it tells us a lot about their
upside potential should they deliver to their plans.
So as we always aim to buy low and sell high, there couldn’t be a better time to have
Siyata on your watchlist, considering the value they present and if you like their story.
So let’s find out what Siyata is about and what they’ve been up to which you need to
be aware of.
But before that let’s remind ourselves on who they are.
Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular
(PoC) devices and cellular booster systems.
Their portfolio of in-vehicle and rugged smartphones, enable first responders and enterprise workers
to instantly communicate, over a nationwide cellular network of choice, to increase situational
awareness and save lives.
So their portfolio of enterprise grade and consumer cellular booster systems enable,
first responders and enterprise workers to amplify cellular signals in remote areas inside
structural buildings, where signals are weak and within vehicles for the maximum cellular
signal strength possible.
So a big safety feature.
And their flagship SD7 brings communications into the 21st century and enables first responder
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 network,
providing consistent connectivity.
And here’s what made their share price to jump in January by over 10% on the day which
is that Siyata Received Follow-On Orders for their UV350 Device from A Leading Saudi Arabian
Cellular Carrier.
`They announced they have received follow-on orders from an existing customer, a leading
Saudi Arabian cellular carrier, for their Uniden® UV350, a communication device.
Their CEO Marc Seelenfreund, added that “These orders, which total approximately $400,000,
will be used to equip an expanding fleet of emergency response vehicles with their high-performing
UV350 devices,.
“Importantly, these follow-on orders are a strong testament to the value their devices
are providing for first responders and the strength of their relationship with this operator.
Since 2019, this customer has invested more than $1.7 million in their UV350 and related
accessories.”
“The UV350 was designed specifically for commercial vehicles to ensure safer communication
for professional drivers.
It leverages existing 4G/LTE infrastructure to enable crystal clear communications, and
in the case of this customer, will support first-responders who often face high-risk
situations where reliable communications are critical.”
It is also the world’s first, and only approved in-vehicle mounted push-to-talk over cellular
“phablet” (a mobile device combining the size formats of smartphones and tablets),
and was designed specifically for commercial vehicles to ensure safer communication.
This is part of the company’s portfolio of products that are disrupting the multi-billion-dollar
Land Mobile Radio (LMR) industry as demand for cost-effective, reliable Push-to-Talk
Over Cellular (PoC) devices continues to increase from both enterprise and government entities.
Siyata’s Next Generation Push-to-Talk Over Cellular SD7 Device is to be Launched Across
T-Mobile IoT Data Network.
As the announced 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.
T-Mobile is expected to begin selling the SD7 to its broad enterprise customer base
beginning in the Company’s first quarter of 2023.
The SD7 was developed to disrupt and replace the multi-billion-dollar Land Mobile Radio
(LMR) industry.
Marc Seelenfreund, added that “With the addition of T-Mobile, they are significantly
expanding their addressable market and entering 2023 in a strong position with all major U.S.
wireless carriers now offering SD7 as well as additional partnerships internationally,”
“The relationship with T-Mobile strengthens their network compatibility and further expands
their ability to reach first responders and enterprise personnel with a reliable device
that can operate extremely well in tough working environments.”
Siyata also Expanded Reach of Their Next Generation Push-to-Talk Over Cellular Solution (PoC)
to a New Vertical Market.
They received an order for their next-generation MCPTT (mission critical push-to-talk) solution,
which includes their SD7 device and related accessories, from a multi-billion-dollar,
integrated resort and residential property development located in The Bahamas.
“This order completed the process of converting a significant resort and residential property
to their MCPTT solution and marks their first win in the hospitality vertical.
It also demonstrates one of many, use cases for our POC solutions beyond use by first
responders and emergency personnel.
As part of their solution, their SD7 devices will be used across this luxury property providing
better collaboration between front office, housekeeping, security, food and beverage
and maintenance personnel with clear and reliable communications.
The SD7 enables push-to-talk communications for first responders and enterprise clients
in 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.
Siyata Mobile Announces Third Quarter 2022 Financial Results, stating that revenues for
the three months to September 30, 2022, were $2,567,885 compared to $1,218,875 in 2021.
This increase of 111% was due mainly to the new revenue source earned from their SD7 and
its related accessories in the quarter.
Marc Seelenfreund, their CEO Siyata added that they were very pleased to report strong
year-over-year, sequential top-line growth and declining losses for the third quarter
of 2022,” Their improved financial performance was driven primarily by a number of customer
trials of our SD7 rugged push-to-talk device, which began shipping in the second quarter,
many of which then converted into purchase orders with volumes in Q3 that increased over
Q2.
Sales of their rugged devices and related accessories were up 588% year-over-year to
$1.9 million in Q3, driven primarily by volume growth for our SD7.”
How very exciting??
So some really interesting prospects ahead for this telecom penny stock, but only consider
getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting penny stocks to your attention for you to do your own research..
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top penny stocks in the comments section below and what other penny stocks are catching your
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