Siyata Set to Take Off After Buys

Siyata Mobile Inc. (NASDAQ:SYTA) shares rose Monday after declining around 12% on Friday Siyata Mobile recently signed a reseller agreement with Silk Worldwide to distribute its Uniden cellular signal boosters.

The Vancouver-based company, a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, today announces that it has received a $530,000 purchase order for a multinational defense contractor to supply its mobile Push-To-Talk (PTT) rugged handsets as well as its UV350 commercial vehicle devices. This contractor will now be offering Siyata devices to its customers as part of their overall PTT offering.

CEO Marc Seelenfreund, "We look forward to fulfilling this order for the defense contractor following extensive trials of our mobile PTT handsets and UV350 commercial vehicle devices. Moreover, we expect there will be additional orders from this contractor going forward, as our devices are offered as part of their overall solution for their customers. A core focus for Siyata is to be a leading PTT vendor and this purchase order further helps position us to achieve our goal."

Siyata's rugged PTT handsets are designed for the toughest working conditions, offer IP68 protection against drops, dust, and debris, offer up to two days of battery life, have a dedicated PTT side button and PTT over Cellular app compatibility, use the Android operating system, and can replace traditional two-way radios.

SYTA opened Monday up 26 cents, or 7.1%, to $3.94.