Siyata Mobile(SYTA)

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Siyata Mobile Provides Additional Commentary Regarding the Terms of Its Proposed Merger with Core Gaming
Prnewswire· 2025-02-28 12:00
Core Viewpoint - Siyata Mobile Inc. is set to merge with Core Gaming, with the transaction expected to complete in Q2 2025, pending regulatory approval and customary closing conditions [3] Company Overview - Siyata Mobile Inc. is a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, primarily serving first responders and enterprise workers [5][6] - Core Gaming is an international AI-driven mobile games developer and publisher, having developed over 2,000 games and achieving over 600 million downloads globally [3] Merger Details - The merger consideration for acquiring Core Gaming is valued at $160 million, confirmed as fair by ValueScope, LLC [7] - Legacy Siyata shareholders will receive a special one-time stock dividend, ensuring they own at least 10% of the combined entity's outstanding shares post-merger [7]
Siyata Mobile Signs Definitive Agreement to Merge with Leading AI Gaming Developer, Core Gaming
Prnewswire· 2025-02-26 12:39
Core Viewpoint - Siyata Mobile Inc. has signed a definitive merger agreement with Core Gaming, a global gaming developer with approximately $80 million in revenues for 2024, which is expected to unlock value for Siyata's shareholders [1][3][6] Merger Highlights - The merger is valued at approximately $160 million, providing Siyata shareholders with a premium to the current market valuation [3][6] - Core Gaming operates in the mobile gaming industry, which is projected to grow significantly, positioning the combined entity for rapid growth [3][5] - The transaction is expected to be completed in the second quarter of 2025, pending regulatory approval [8] Core Gaming's Business Profile - Core Gaming has developed over 2,000 casual mobile games, engaging 40 million monthly active users and achieving over 600 million downloads [7][10] - The company utilizes unique algorithm-driven technology and AI tools, resulting in a 50% boost in content production and a reduction in production time by over 40% [7][10] - Core Gaming's unaudited gross revenues for fiscal year 2024 were approximately $80 million [7] Leadership and Structure - Aitan Zacharin, CEO of Core Gaming, will lead the combined public company, while Marc Seelenfreund will serve as President and lead a new Push-To-Talk subsidiary [6][8] - The Board of Directors will include Marc Seelenfreund and four directors designated by Core Gaming [6]
Siyata Mobile's SD7 ULTRA to be Offered as Part of T-Mobile's 5G Ecosystem for First Responders
Prnewswire· 2025-02-25 13:12
Core Insights - Siyata Mobile Inc. announced that its SD7 Ultra device was highlighted in a T-Mobile press release, showcasing T-Mobile's enhanced support for first responders [1][3] - The SD7 Ultra is the first land mobile radio replacement in the U.S. that offers mission-critical push-to-talk capabilities on 5G, aimed at improving emergency response times [3] Company Overview - Siyata Mobile Inc. is a global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, primarily serving first responders and enterprise workers [4] - The company's products are designed to enhance communication over nationwide cellular networks, thereby increasing situational awareness and saving lives [4] Product Offerings - The SD7 Ultra and the ULTRA series cellular radio handsets provide reliable nationwide radio communications through T-Mobile's direct connect platform [3] - Siyata also offers enterprise-grade in-vehicle solutions and cellular booster systems to ensure effective communication in vehicles and areas with weak cellular signals [5] Market Presence - Siyata sells its products through leading North American cellular carriers and international distributors, indicating a broad market reach [5] - The company's common shares are traded on Nasdaq under the symbol "SYTA" [6]
Siyata Mobile Further Expands Distribution in New Agreement with IP Access International
Prnewswire· 2025-02-24 12:00
Core Insights - Siyata Mobile Inc. has announced a new distribution agreement with IP Access International to enhance its market reach in providing Push-to-Talk over Cellular (PoC) devices [1][4] - The partnership will allow IP Access International to offer Siyata's SD7 rugged PoC devices to various industries that require reliable communication solutions in remote areas [2][3] Company Overview - Siyata Mobile Inc. specializes in developing and selling next-generation Push-To-Talk over Cellular handsets and accessories, targeting first responders and enterprise workers [5][6] - The company’s products are designed to improve situational awareness and facilitate instant communication over nationwide cellular networks [5] Partnership Details - The SD7 devices will integrate with IP Access International's SuperGIG™ solution, which combines cellular carriers, OneWeb, and Starlink LEO constellations for enhanced connectivity [2][3] - This collaboration aims to provide uninterrupted push-to-talk capabilities, ensuring reliable communication in challenging environments [3][4] Industry Context - IP Access International is recognized for its expertise in delivering secure connectivity solutions for public safety and enterprise operations, particularly in mission-critical scenarios [8][9] - The company has over 20 years of experience in providing seamless connectivity for first responders and commercial enterprises [9]
247 Market News: Siyata Mobile Named by T-Mobile as a Key Partner in T-Priority 5G First Responder Initiative
Newsfile· 2025-02-21 18:18
Core Insights - Siyata Mobile has been recognized by T-Mobile as a key partner in their T-Priority 5G First Responder Initiative, highlighting its role in the advanced 5G ecosystem for first responders [1][2][4] - The announcement from T-Mobile is seen as a significant endorsement for Siyata, which is expected to unveil a major corporate milestone soon, potentially indicating further growth opportunities [4][5] Company Overview - Siyata Mobile Inc. specializes in cellular communications solutions for enterprise customers, particularly in sectors such as first responders, transportation, and logistics [7] - The company's mission focuses on enabling effective communication during critical moments through innovative technology [7] Industry Context - The recognition from T-Mobile aligns with the growing demand for advanced communication solutions in public safety and emergency response sectors, emphasizing the importance of reliable connectivity [2][4] - The partnership with T-Mobile positions Siyata favorably within the competitive landscape of 5G technology providers, particularly for first responders [1][2]
MicroCap Reports Discusses Game-Changing Partnership in Push-to-Talk Communications
Newsfile· 2025-02-19 12:30
Core Insights - The partnership between Siyata Mobile, Inc. and JVCKenwood is a significant development that enhances Siyata's position in the Push-to-Talk over Cellular (PoC) market, which is experiencing growing demand across various industries [3][5][10] - The transition from Land Mobile Radio (LMR) to PoC is accelerating, driven by the need for cost-effective and scalable communication solutions [4][10] - Siyata's SD7 handset series is designed to replace outdated two-way radios, tapping into a $7 billion market opportunity [5][10] Company Developments - The collaboration with JVCKenwood provides Siyata Mobile access to a vast dealer network, facilitating quicker adoption and revenue growth [6][8][17] - The partnership enhances Siyata's credibility in sectors such as public safety, logistics, and enterprise security, allowing for large-scale deployment of its devices [7][8] - The availability of Siyata's SD7 Ultra series on T-Mobile's 5G network is crucial for enhancing response times and operational efficiency for first responders [9][11][16] Market Dynamics - The shift from LMR to PoC is gaining momentum, with organizations seeking modern communication solutions that are more efficient and cost-effective [4][10][14] - The combined impact of the JVCKenwood partnership and T-Mobile agreement positions Siyata as a leading provider in both commercial and first responder markets [12][13] - The strategic expansion through partnerships with major carriers like AT&T, Verizon, and T-Mobile significantly broadens Siyata's market access [10][13]
MicroCap Reports Issues Update on Siyata Mobile, Inc.
Newsfile· 2025-02-13 12:30
Core Viewpoint - Siyata Mobile, Inc. is preparing for a significant announcement that is expected to redefine its trajectory, with an exclusive online press conference scheduled to reveal details about this development [1][2]. Company Overview - Siyata Mobile, Inc. is a global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, primarily serving B2B markets [2]. - The company's rugged PTT handsets and accessories are utilized by various organizations, including police, fire, ambulance services, schools, utilities, security companies, hospitals, and waste management companies, enhancing communication and situational awareness [2]. Shareholder Engagement - Shareholders are encouraged to stay engaged with Siyata's press releases and notifications to receive real-time information regarding the upcoming press conference [2][3]. - MicroCap Reports emphasizes the importance of innovation and shareholder engagement in monitoring companies like Siyata Mobile [3].
Siyata Mobile Announces New Order from Leading Canadian Gaming and Entertainment Company
Prnewswire· 2025-02-13 12:00
Core Insights - Siyata Mobile Inc. has received a new order for SD7 handsets and accessories from a leading gaming and entertainment company in Canada, marking its entry into the gaming and casino industry [1][2] - The gaming and casino sector presents significant growth potential for Siyata, as the customer will utilize the SD7 handsets for Push-to-Talk communications among security and maintenance teams [2][3] - The CEO of Siyata highlighted the trend towards modern, cellular-based communication solutions in the casino industry, emphasizing the advantages of the SD7 handsets over traditional Land Mobile Radio systems [3] Company Overview - Siyata Mobile Inc. is a global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, catering to various sectors including first responders and enterprise workers [4] - The company offers enterprise-grade In-Vehicle solutions and Cellular Booster systems to enhance communication capabilities in vehicles and areas with weak cellular signals [5] - Siyata's products are distributed through leading North American cellular carriers and international carriers and distributors [5][6]
24/7 Market News Commentary on Direct-to-Cell Satellite Connectivity Service and Siyata Mobile
Newsfile· 2025-02-11 13:35
Core Insights - The article emphasizes the potential of direct-to-cell satellite connectivity services as a significant opportunity for Siyata Mobile to enhance its push-to-talk (PTT) device markets [2][4]. - Siyata Mobile achieved a record quarterly revenue in Q3 2024, marking a 200% year-over-year increase, indicating strong growth and strategic momentum for the company [4]. Company Developments - Siyata Mobile is preparing for a major shareholder event that is expected to redefine the company's trajectory, highlighting the importance of this upcoming announcement for investors [5][8]. - The company is recognized as a leading global developer of cellular communication solutions, particularly for enterprise customers in sectors such as first responders, transportation, and logistics [10].
24/7 Market News Covers the PTT Market's Rapid Growth Rate Featuring Siyata Mobile
Newsfile· 2025-02-07 13:50
24/7 Market News Covers the PTT Market's Rapid Growth Rate Featuring Siyata MobileFebruary 07, 2025 8:50 AM EST | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - February 7, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today publishes an editorial covering the Push-to-Talk (PTT) market, which continues to make inroads into the first responder, transportation, construction, and logistics industrie ...