SYTA Stock: Why The Price Increased This Past Week

By Amit Chowdhry ● Oct 14, 2021
  • The stock price of Siyata Mobile Inc (NASDAQ: SYTA) increased by over 6% this past week. This is why it happened.

The stock price of Siyata Mobile Inc (NASDAQ: SYTA) – a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems – increased by over 6% this past week. Investors are responding positively to Siyata Mobile announcing it has received approval from Telstra, Australia’s leading cellular carrier, for the Company’s flagship UV350 device. And the UV350 is the world’s first 4G/LTE all-in-one vehicle fleet communication device that delivers cellular voice calls, Push-to-Talk over Cellular (PoC), and data applications and was designed to optimize mobile communications while driving.

The UV350 device was designed specifically for commercial vehicles and helps ensure safer communication for professional drivers and first responders like ambulances and police squad cars, by combining the functions of multiple devices into one. And unlike traditional cellular communication devices, the UV350 is powered by the vehicle’s battery and has cellular signal boosting technology to ensure drivers are always connected in emergency situations.

KEY QUOTE:

“We look forward to launching the UV350 in Australia through Telstra, another leading cellular carrier. Siyata strives to be an international leader in the PoC space, and the recent approval from Telstra furthers this goal. Moreover, we are working with Telstra on additional device approvals and hope to deepen our relationship with the carrier over time.”

— Marc Seelenfreund, CEO of Siyata

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.