Siyata Mobile (SYTA) Stock: Why It Increased Over 15% Today

By Amit Chowdhry ● Sep 22, 2022
  • The stock price of Siyata Mobile (SYTA) increased by over 15% intraday today. This is why.

The stock price of Siyata Mobile (SYTA) increased by over 15% intraday today. 

Why: Siyata Mobile announced that it has received a purchase order from a federal government contractor who will provide Uniden cellular booster kits and accessories to the U.S. Navy. And the order includes the Uniden U70P Cellular Booster Kits and accessories that will be utilized for numerous naval buildings with poor cell phone signal reception.

Uniden U70P: The Uniden U70P cellular booster provides additional coverage for up to 20,000 square feet of space, wirelessly connecting 100 devices and boosting all 3G and 4G/LTE signals in the area. And Siyata’s Uniden Cellular Signal Booster kits are among the most technologically advanced signal solutions available today, allowing users to make clear phone calls and get fast data speeds.

KEY QUOTE:

“This is our first sale of cellular boosters that will be used by the military and we are extremely pleased to have been selected after a rigorous selection process. A significant benefit of this award is that Siyata has the solution to the Navy’s cellular coverage issues, which we believe should create additional opportunities. Military, government and enterprise customers alike are seeing the benefit of having strong cellular signals which provide clear, consistent communications and maximum data up/download speeds.”

— Siyata CEO Marc Seelenfreund