Siyata Mobile unveils AI noise-canceling device By Investing.com

VANCOUVER – Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW), a global developer of Push-to-Talk over Cellular (PoC) devices, has introduced an enhanced version of its SD7 Wired Palm Mic Pro, incorporating advanced AI noise cancellation technology. The device, designed for the company’s SD7 Handset, now offers features aimed at improving communication clarity in loud environments.

The new SD7 Wired Palm Mic Pro uses AI to differentiate human voices from background noise, ensuring clear transmission even when the user is in a dynamic or noisy setting. It also normalizes voice levels to maintain consistent audio quality, regardless of the distance between the speaker and the microphone. Siyata has also released the VK7 Wired Palm Mic Pro, which extends these capabilities to first responder and enterprise vehicles equipped with the Siyata VK7 Vehicle Kit.

Potential applications for the technology include use in loud concert halls, construction sites, road crews in traffic, mining operations, and emergency vehicles during operations with active sirens. Marc Seelenfreund, CEO of Siyata, emphasized the company’s dedication to the PoC market and their role as innovators in AI-based Remote Speaker Mics (RSMs). He expressed enthusiasm for the improved communication the device could provide for first responders and enterprise customers.

Siyata Mobile, which targets business-to-business clients, offers a range of rugged PTT handsets and accessories designed to enable instant communication over cellular networks for various organizations, including emergency services, schools, and utilities. The company also provides in-vehicle solutions and cellular booster systems to facilitate effective communication in vehicles and areas with weak cellular signals.

The company’s products are sold through North American cellular carriers, as well as international carriers and distributors. Siyata’s common shares and warrants are traded on the Nasdaq under the symbols “SYTA” and “SYTAW,” respectively.

The announcement is based on a press release statement and follows the company’s initial news release on May 21, 2024. It should be noted that this press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ from those projected.

InvestingPro Insights

In light of Siyata Mobile Inc.’s (NASDAQ:SYTA) recent innovations in AI noise cancellation technology for its communication devices, it’s worth examining the company’s financial health and market performance. According to real-time data from InvestingPro, Siyata Mobile has a market capitalization of just 1.45 million USD, reflecting a niche position in the market. Despite a challenging financial landscape, with a negative P/E ratio of -0.07 and a concerning operating income margin at -137.94% for the last twelve months as of Q1 2024, the company has managed to achieve a revenue growth of 17.94% in the same period. This growth is a testament to the company’s potential to expand its market share, especially as it continues to innovate in the field of Push-to-Talk over Cellular (PoC) devices.

Among the InvestingPro Tips for Siyata Mobile, two particularly stand out. Firstly, analysts anticipate sales growth in the current year, which may be a sign of increasing market acceptance and demand for the company’s products. Secondly, the stock is trading at a low Price / Book multiple of 0.21, suggesting that the market might be undervaluing the company’s assets compared to its share price. This could be an opportunity for investors who believe in the company’s long-term strategy and product offerings.

For those interested in a deeper dive into Siyata Mobile’s financials and market performance, InvestingPro offers additional insights. There are 17 more InvestingPro Tips available, providing a comprehensive analysis that could be pivotal in making informed investment decisions. Interested readers can take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/SYTA.

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