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VANCOUVER - Siyata Mobile Inc. (NASDAQ:SYTA), a $35.75 million market cap communications technology company showing 33.58% revenue growth over the last twelve months, announced Thursday a strategic partnership with RAM Mounts to develop in-vehicle mounting solutions for its push-to-talk over cellular (PoC) handsets. According to InvestingPro analysis, the company is currently trading near its Fair Value despite facing operational challenges.
The companies will showcase their integrated products at the APCO 2025 conference, scheduled for July 27-30 at the Baltimore Convention Center.
The collaboration combines Siyata’s SD7 and upcoming SD7 ULTRA handsets with RAM’s mounting systems to create communications solutions designed for first responders, transportation fleets, utility workers, and enterprise customers.
"Combining our purpose-built SD7 and upcoming SD7 ULTRA handsets with RAM’s proven mounting technology allows us to provide safe, convenient and reliable mobile communications in virtually any vehicle environment," said Marc Seelenfreund, CEO of Siyata. While the company has shown strong momentum with a positive return over the last three months, InvestingPro data reveals challenges, including weak gross profit margins of ~13% and significant cash burn. InvestingPro subscribers have access to 14 additional key insights about Siyata’s financial health and market performance.
David Brinn, Business Development Manager at RAM Mounts, added that the partnership "will benefit first responders and many other PTT customers."
RAM Mounts, established in 1990 as part of National Products Inc., manufactures mounting solutions for various devices including phones, tablets, and radios. The company’s products feature a patented ball and socket system designed to provide shock absorption and non-slip functionality.
Siyata Mobile develops and sells push-to-talk over cellular handsets and accessories primarily to first responders and enterprise workers. The company also offers in-vehicle solutions and cellular booster systems. For a comprehensive understanding of Siyata’s market position and future prospects, investors can access detailed Pro Research Reports available exclusively on InvestingPro, covering essential metrics and expert analysis of this and 1,400+ other US stocks.
The integrated solutions will be displayed at RAM’s booth #2714 at the APCO conference, according to the press release statement.
In other recent news, Siyata Mobile Inc. provided an update on its merger with Core Gaming, Inc. The merger agreement, which was entered into earlier this year, will result in Core Gaming becoming a wholly owned subsidiary of Siyata. This development is part of Siyata’s strategic efforts to expand its business operations. Additionally, Core Gaming has reported a significant 1,300% growth in the user base of its AI COMIC application in Asian markets, particularly in Japan and South Korea. This increase marks a substantial rise in the app’s global user percentage in these regions. Furthermore, Core Gaming has entered into a partnership with Guangzhou WeiXuan to develop AI-powered mobile applications, aiming to enhance productivity and creativity. In another update, Siyata Mobile disclosed its first quarter 2025 financial results, providing insights into its performance compared to the same period last year. These results were submitted to the United States Securities and Exchange Commission.
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