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      Siyata (SYTA) Sees Significant Surge Following Partnership

      By Fahim Awan

      Published on

      June 5, 2024

      1:26 PM UTC

      Siyata (SYTA) Sees Significant Surge Following Partnership

      Siyata Mobile Inc. (NASDAQ: SYTA) shares are experiencing significant pre-market growth today, following the announcement of a new strategic alliance. As of the latest update, SYTA stock has surged by 45.32% on the US stock market, reaching a trading price of $2.02.

      New Partnership With JD Telecom

      Siyata Mobile (SYTA) and JD Telecom, a top supplier of commercial-grade car solutions and T-Mobile’s strategic distribution partner, have announced their partnership. The purpose of this collaboration is to improve the availability of Siyata’s SD7 phones, VK7 vehicle kits, and associated parts.

      To address the increasing demand for its Push-to-Talk Over Cellular (PoC) devices, Siyata will be assisted by JD Telecom, which is well-known for its proficiency in cellular car solutions. It is anticipated that this calculated action would increase unit sales and draw in new clients.

      Synergistic Collaboration And Product Integration

      JD Telecom’s products, widely installed through strategic partners in industries such as commercial transportation, waste management, ready-mix concrete, education, public transit, field services, and construction, will now feature Siyata’s SD7 Handset and VK7 Vehicle Kit.

      These products were selected for their high performance, ease of use, and seamless integration with JD Telecom’s existing solutions. The collaboration will focus on pursuing cross-selling opportunities for both companies and leveraging the strengths of their product offerings.

      Innovation And Patent Recognition

      In a recent development, the company was awarded a new patent by the United States Patent and Trademark Office (USPTO) for its VK7 Vehicle Kit, patent number US 11,949,442 B2, titled “Mobile Conversion Apparatus For Docking Cellular Data Devices.”

      This patent underscores the innovative nature of Siyata’s products and highlights the skill and dedication of its research and development team. The VK7 Vehicle Kit had previously received patent protection in China.

      These patents are strategically filed in key markets to support SYTA;’s vision for global expansion and to protect its intellectual property from unauthorized use. The VK7, when paired with the SD7 device, offers a radio-like experience for vehicle Push-to-Talk (PTT) calls.

      Siyata is committed to becoming a global leader in the PoC category, with its innovative, patent-protected products providing a significant competitive edge.

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