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Why Investors Want to Get in on This Push-to-talk Over Cellular Leader Now

Jocelyn Aspa Jocelyn Aspa, The Market Herald
1 Comment| December 9, 2021

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The push-to-talk-over-cellular (PoC) market is a vital market that is poised to replace a legacy technology, land mobile radio (LMR). PoC removes the shortcomings of LMR’s limited range and bandwidth and incompatible networks and gives users a nation-wide coverage without maintaining a costly network, while taking advantage of the broadband capabilities 4G/LTE has to offer.

In line with this, push-to-talk (PTT) devices are commonly used in industries such as field service, construction, safety and security, ambulance, and medical services. With a wide range of use cases for PTT devices, it’s not surprising that the market continues to evolve.

Moving forward, it’s projected that the PTT market is expected to reach US$38.4 billion by 2024, up from US$25 billion in 2019, registering a compound annual growth rate of 9 percent during the forecast period.

Companies like Siyata Mobile Inc. (NASDAQ: SYTA, OTC: SYTAW, Forum) are at the forefront of innovation in the industry — particularly when it comes to devices for first responders and enterprise customers.

Based out of Montreal, QC, Siyata Mobile is a global vendor of next-generation push-to-talk over cellular devices and cellular booster systems. Under its umbrella are in-vehicle and rugged smartphones that assist first responders and enterprise workers in communicating instantly offer a nationwide cellular network that improves communication, increases situational awareness and helps to save lives.

With that in mind, the company announced on December 7 it had received a purchase order for its latest products, SD7 ruggedized communication devices, VK7 vehicle units and other accessories for first responder and police customers in Europe, the Middle East and Africa.


Siyata Mobile Receives $1.3 Million Purchase Order for SD7 Ruggedized Devices

In a press release, the company said that this order brings the year-to-date orders for the SD7 and VK7 devices to over $1.8 million. Keep in mind the SD7 and VK7 were just launched in the fourth quarter of this year.

The SD7 device is an easy-to-use mission-critical-PTT only, ruggedized device with a limited interface and is supported by LTE, Wi-Fi, and Bluetooth on the Android operating system. The device can also be used in harsh environments thanks to its water and dust resistance, drop protection and long-lasting battery.

Meanwhile, the VK7 device is a first-of-its-kind patent-pending car kit that comes with an integrated 20-watt speaker, a slide-in connection sleeve for the SD7, and an external antenna connection that can be hooked to a windshield or roof mount.

"Both the SD7 and VK7 products were recently launched, so we are gratified to see increasing adoption of our innovative cellular products and related accessories. Moreover, we expect this adoption trend to continue, given the unique technical capabilities of our product portfolio and the value-proposition they represent to enterprise and first-responder customers," Marc Seelenfreund, CEO of Siyata Mobile, said in a press release.


Siyata Mobile in the News

In addition to the company’s announcement on December 7, Siyata Mobile announced at the end of November it had launched its VK7 vehicle kit.

“As we have always maintained, our goal at Siyata is to be a leader in the Push-to-Talk Over Cellular (PoC) category, and we believe the pairing of the SD7 handset with the new VK7 vehicle kit creates an innovative, cost-effective, seamless upgrade from LMR to PoC,” Seelenfreund said in a release. “This product, and especially the combined VK7 and SD7 offering, addresses countless opportunities in the enterprise, first responder and public safety markets.”


The Investment Corner

Putting it simply, the PTT device market is poised for rapid growth, and disruptive companies like Siyata Mobile are clear difference makers in the market.

Following the company’s announcement, over 160 million shares of Siyata Mobile traded and were up 67% to USD$4.60 – which means investors are clearly paying attention to what the company has to offer.

As the PTT market continues to grow, so too will interest in Siyata Mobile, which means investors will want to get in before it's too late.

For more information, please visit siyatamobile.com.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

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