VANCOUVER, BC, July 2, 2024
/PRNewswire/ -- Siyata Mobile Inc. (Nasdaq:
SYTA, SYTAW) ("Siyata" or the "Company"), a
global developer and vendor of Push-to-Talk (PTT) over Cellular
(PoC) handsets and accessories, today announces that it has
committed to an investment in Canadian Towers & Fiber Optics
Inc. ("CT&FO"), a Canadian based company that develops,
constructs and owns telecommunications infrastructure in the
flourishing telecommunication market in Mexico.
CT&FO is focused on tower development in the attractive
telecommunication market of Mexico
with plans to expand to other Latin
America countries through its extensive relationships in the
region. Mexico is the second
largest market in the $81 billion
Latin American telecommunications industry. CT&FO owns and
operates the largest dark fiber optic network in Central Mexico, with multinational
telecommunications giant Telefonica as its anchor tenant under a
20-year leasing contract. The network serves the area where some of
the strongest industrial and fastest growing state economies are
located. As the preferred partner for providing coverage to the
rural regions of Mexico, the
company has 24 towers deployed and the opportunity to develop more
than 1,000 additional towers in key markets over the next several
years.
Siyata CEO, Marc Seelenfreund,
commented, "Our investment in CT&FO provides us with an entrée
into Latin America through an
established and fast-growing telecommunications partner. Through
this partnership, we will have the opportunity to collaborate with
a leading cell tower company to develop new business opportunities
for our PTT handsets in Central
Mexico and across Latin
America as CT&FO further expands its business.
Latin America represents a massive
market opportunity for PTT devices, and we are excited to leverage
CT&FO's leading industry position to further advance our sales
efforts."
Canadian Towers & Fiber Optics Inc., CEO Chris
Cooper commented, "We are excited to have Siyata join as an
investor. We look forward to working with the Siyata team to grow
our telecommunications infrastructure business and to introduce its
innovative devices to wireless carriers in Latin America."
For additional details of this investment, please refer to
Siyata's Form 6-K, which will be filed with the Securities and
Exchange Commission.
About Siyata Mobile
Siyata Mobile Inc. is a B2B global developer and vendor of
next-generation Push-To-Talk over Cellular handsets and
accessories. Its portfolio of rugged PTT handsets and accessories
enables first responders and enterprise workers to instantly
communicate over a nationwide cellular network of choice, to
increase situational awareness and save lives. Police, fire, and
ambulance organizations as well as schools, utilities, security
companies, hospitals, waste management companies, resorts and many
other organizations use Siyata PTT handsets and accessories
today.
In support of our Push-to-Talk handsets and accessories, Siyata
also offers enterprise-grade In-Vehicle solutions and Cellular
Booster systems enabling our customers to communicate effectively
when they are in their vehicles, and even in areas where the
cellular signal is weak.
Siyata sells its portfolio through leading North American
cellular carriers, and through international cellular carriers and
distributors.
Siyata's common shares trade on the Nasdaq under the symbol
"SYTA".
Visit www.siyata.net and unidencellular.com to learn more.
Forward Looking Statements
This press release contains
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and other Federal securities laws. Words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates"
and similar expressions or variations of such words are intended to
identify forward-looking statements. Because such statements deal
with future events and are based on Siyata's current expectations,
they are subject to various risks and uncertainties and actual
results, performance, or achievements of Siyata could differ
materially from those described in or implied by the statements in
this press release. The forward-looking statements contained or
implied in this press release are subject to other risks and
uncertainties, including those discussed under the heading "Risk
Factors" in Siyata's filings with the Securities and Exchange
Commission ("SEC"), and in any subsequent filings with the SEC.
Except as otherwise required by law, Siyata undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites and social media have been
provided as a convenience, and the information contained on such
websites or social media is not incorporated by reference into this
press release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/siyata-mobile-announces-significant-strategic-investment-in-canadian-towers--fiber-optics-with-a-focus-in-latin-america-302187202.html
SOURCE Siyata Mobile Inc.