Siyata Mobile Inc. (NASDAQ: SYTA), a global leader in Push-To-Talk over Cellular (PTToC) devices and cellular signal booster systems, has unveiled plans to move the manufacturing of its SD7 rugged handsets and forthcoming 5G handsets to the United States. This strategic relocation, set to commence in the first quarter of 2025, is poised to enhance the company's operational efficiency and market penetration in the U.S., where the majority of its revenue is generated.
The decision reflects a broader trend towards domestic manufacturing, bolstered by recent federal initiatives such as the Bipartisan Infrastructure Law and the CHIPS and Science Act. These policies have catalyzed significant private sector investment in U.S. manufacturing, with nearly $900 billion pledged and around 800,000 jobs created. Siyata's move is expected to resonate well with its key clientele, including governmental agencies and first responders, who have a pronounced preference for American-made products.
Marc Seelenfreund, CEO of Siyata Mobile, highlighted the dual benefits of this strategy: meeting customer preferences for domestically manufactured goods and improving logistical operations. The company's recent financial performance underscores the potential of this move, with a 218% year-over-year revenue increase to $5.9 million in the third quarter of 2024, 81% of which came from the U.S. market.
Further solidifying its market position, Siyata has entered into a partnership with T-Mobile US Inc. to introduce its SD7 Ultra series 5G mission-critical push-to-talk (MCPTT) cellular radio handsets on T-Mobile's 5G network. Additionally, the company secured a $2.5 million order from an international emergency medical services organization for its PTT handsets and Real Time View devices, signaling robust demand for its innovative solutions.
By aligning its manufacturing strategy with consumer preferences and government policies, Siyata Mobile is positioning itself for sustained growth in the competitive U.S. market, particularly within the public sector. This strategic relocation not only underscores the company's commitment to quality and efficiency but also its responsiveness to the evolving demands of the global marketplace.
