Denver, Colorado--(Newsfile Corp. - February 4, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today publishes a reminder regarding Siyata Mobile's (NASDAQ: SYTA) ("Siyata") previously announced plans to relocate its current 4G and next generation 5G PTT handset manufacturing operations from China to the United States in 2025.
Marc Seelenfreund, Siyata's CEO, commented, "We began working on a manufacturing relocation plan earlier this year and are proud to announce today that we expect to begin manufacturing operations in the U.S. in the first quarter of 2025. This is an important strategic move that we believe will open up additional sales opportunities globally, particularly in the U.S., and help us to further scale our business. Users of our devices, especially governmental agencies and first responders, value America manufactured products, but just as important, this move will enable us to shorten delivery lead times and operate within a stronger logistics infrastructure. We are very excited to be making this move and believe it is an important milestone for Siyata."
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Siyata Mobile (NASDAQ: SYTA)
Siyata, which strengthened its operating fundamentals in 2024 and developed a strong product offering pipeline, also plans on holding a highly anticipated shareholder event is preparing to "make an announcement that is poised to redefine its trajectory."
"Siyata is entering a transformative phase, and this development marks the culmination of months of strategic negotiations and execution. All shareholders are strongly encouraged to attend to appreciate the significant implications for 2025," stated Seelenfreund.
Siyata's recent achievements include record-breaking quarterly revenue of $5.9 million-a 200% year-over-year surge-and numerous sales orders that expanded its sales verticals and footprint.
As Siyata prepares for this key announcement, 24/7 Market News encourages investors to remain engaged and attentive. This is not an event to miss.
Stay Tuned: Don't Miss Out
The upcoming Value Creation Event is unlike anything Siyata Mobile announced before. While timing and other event details remain under wraps, for now, the event's significance cannot be overstated. It represents a unique opportunity for all stakeholders to witness and potentially benefit from Siyata's ongoing innovation and strategic vision.
To ensure you don't miss the announcement, we encourage you to sign up for additional information
- Siyata's Investor Relations Portal: https://ir.siyata.net.
- Follow Siyata on X: https://x.com/SiyataMobile.
- Click here for Siyata's investor presentation.
We thank you for your patience, as Siyata finalizes the details of this exceptional announcement, which Siyata will publish as soon as its possible.
For Investor Relation inquiries or to sign up for updates, please click here.
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About Siyata Mobile
Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, including first responders, transportation, logistics, and more. Their mission is to enable effective communication in critical moments through innovative technology.
About 24/7 Market News
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Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, the popularity and/or competitive success of the Company's acquired football and other sports teams, the Company's ability to attract players and staff for acquired clubs, unsuccessful acquisitions or other strategic transactions, the possibility of a decline in the popularity of football or other sports, the Company's ability to expand its fanbase, sponsors and commercial partners, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law.
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SOURCE: 24/7 Market News
