Siyata Announces Major Corporate Development

Siyata Mobile Inc., a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announced 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.  

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."