Siyata Mobile Stock

Siyata Mobile Inc. (Siyata) develops innovative cellular-based communications solutions over advanced mobile networks under the Uniden Cellular and Siyata brands to global first responders and enterprise customers.

The company's three complementary product categories include rugged handheld mobile devices and in-vehicle communications solutions for first responders, enterprise customers, commercial fleet vehicles and industrial workers, and cellular amplifiers to boost the cellular signal inside homes, and buildings and vehicles.

Products

The company develops, markets and sells a portfolio of rugged handheld Push-to-Talk over Cellular (PoC) smartphone devices. These rugged business-to-business (B2B) environments are focused on enterprise customers, first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in multiple industries.

In 2022, the company unveiled its next generation rugged device, the SD7. The SD7 is the company's first mission critical push-to-talk device (MCPTT) and is also the first rugged handset that it announced in North America, and is shipping in North America, Europe, the Middle East and Australia. The SD7 Rugged PTT Handset is targeting first responders and enterprise customers who have previously used traditional legacy two-way Land Mobile Radios (LMR) but who would prefer a solution that provides wide-area coverage like a cellular device, and also one that provides the same core functionality of Push-to-Talk that they used with their previous older technology.

The company's second product category is purpose built In-Vehicle communication devices. The company offers the VK7, a first-of-its-kind, patent-pending vehicle kit with an integrated 10-watt speaker, a simple slide-in connection sleeve for the SD7 Handset, and an external antenna connection for connecting an antenna to allow for an in-vehicle experience for the user that is similar to that from a traditional land mobile radio (LMR) device. The VK7 has been uniquely designed to be used with the SD7 Handset, while connecting directly into the vehicle's power and can also connect to a Uniden cellular amplifier for better cellular connectivity. The VK7 can also be equipped with an external remote speaker microphone (RSM) to ensure compliance with hands-free communication legislation.

VK7 Vehicle Kit

The Uniden UV350 4G/LTE, is a purpose built In-Vehicle communication device designed specifically for professional vehicles, such as trucks, vans, buses, emergency service vehicles and other enterprise vehicles. This platform is designed to facilitate replacement of the current in-vehicle, multi-device status-quo with a single device that incorporates voice, PoC, data, fleet management solutions and other Android based professional applications. The UV350 also supports Band 14 for the First Responder Network Authority, or FirstNet, compatibility, which is the U.S. First Responders 4G/LTE network with PoC capabilities that aims to replace aging two-way radio systems currently in use.

UV350 In-Vehicle Device

The aforementioned portfolio of solutions offers the benefits of PoC without any of the difficulties managing the current generation of rugged smart/feature phones and is ideally suited as a perfect upgrade from LMR. Used for generations, LMR has a significant number of limitations, including network incompatibility, limited coverage areas, and restricted functionality that leave a huge need for a unified network and platform. The company's innovative PoC product lines are helping to service the generational shift from LMR to PoC.

Cellular boosters are the company's third product category with approximately 30 million of these devices sold globally every year. The company manufactures and sells Uniden Cellular boosters and accessories for enterprise, first responder and consumer customers with a focus on the North America markets. The vehicle vertical in this portfolio complements the company's in-vehicle and rugged handheld smartphones as these sales can be bundled through its existing sales channels.

The company offers a full line of cellular boosters, to boost cellular reception, under the brand name Uniden. The company has a partnership whereby Uniden America Corporation, the North American subsidiary of Japan-based Uniden Corporation, has granted the exclusive license to it to market cellular signal boosters under the Uniden brand name within the U.S. and Canada, on a rolling three year contract term, with the current extension expiring December 31, 2031 unless sooner terminated pursuant to the terms of this Agreement. Uniden Cellular booster kits solve issues of poor reception, dropped calls, lost data and transmission quality issues that users routinely experience on every cellular network. The company also offers models designed for vehicles, both wired and wireless boosters, to improve the cellular reception inside a vehicle that is driving in a weak cellular signal area. Uniden cellular signal boosters offer kits designed to offer cellphone coverage for difference distances, including kits for a small area of 1 or 2 rooms, and more expansive solutions that will cover over 100,000 sq. ft. The company's cellular signal boosters are carrier agnostic to ensure the best signal integrity, supporting 2G, 3G, 4G and soon 5G (in development) technologies on all carriers operating in North America.

Customers and Channels

Qualifications for the UV350 In-Vehicle device with North American carriers, including Bell Mobility, AT&T (as well as at its first responder cellular network FirstNet), Rogers Wireless, Verizon Wireless, and internationally with Telstra. These are major milestones for the company following its seven years of experience perfecting in-vehicle cellular based technology, vehicle installations, software integration with various Push-to-Talk (PTT) solutions and intensive carrier certifications.

The company's customer base includes cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets of all sizes in the U.S., Canada, Europe, Australia, the Middle East and other international markets.

The North American Tier 1 cellular carriers that the company is working with have large scale distribution and sales channels. With an estimated 25 million commercial vehicles, including 7.0 million first responder vehicles.

In addition, the company's rugged handsets are targeted to approximately 47 million enterprise task and public sector workers across North America, including construction, transport and logistics, manufacturing, energy and utility, and public safety and federal government. As of December 31, 2022, the company had secured North American wireless carrier approvals of the SD7 Handset for use on their networks from AT&T, FirstNet, Verizon, and Bell Mobility. During 2023, the company has since added T-Mobile and U.S. Cellular to its list of North American wireless carriers who have approved SD7 for use on their networks. Internationally, Telstra from Australia has also approved SD7 for use on their network during 2023.

Competition

The company's primary competitors in the rugged mobile device market include Sonim Technologies Inc.; Bullitt Mobile Ltd.; and Kyocera Corporation.

The company's primary competitors in the non-rugged mobile device market include Apple Inc.; and Samsung Electronics Co. Ltd.

The company also faces competition from large system integrators and manufacturers of private and public wireless network equipment and devices. Competitors in this space include Harris Corporation; JVC Kenwood Corporation; Motorola Solutions, Inc. (or MSI); and Tait International Limited.

Within the Cellular Booster category, the company has several direct competitors, including Wilson Electronics, LLC; Nextivity, Inc.; and SureCall Company.

Intellectual Property

The company owns two patents that it acquired from Clear RF, LLC (ClearRF). The company has entered into several licensing agreements for the use of a trademark and certain patents.

Uniden America Corporation

In December 2012, Signifi Mobile Inc., the company's wholly-owned subsidiary entered into a license agreement with Uniden America Corporation, as amended (the Uniden Agreement). The Uniden Agreement provides for the company to use the trademark Uniden, along with associated designs and trade dress to distribute, market and sell its In-Vehicle device, cellular signal booster and accessories during its term in North America. The agreement includes renewal options up to December 31, 2031 and is subject to certain minimum royalties.

Wilson Electronics LLC

Effective January 1, 2018, Signifi Mobile Inc., the company's wholly-owned subsidiary, entered into an agreement with Wilson Electronics, LLC to permit the company to utilize several of Wilson Electronics' patents related to cellphone boosters (the Wilson Agreement).

Via Licensing Corporation

Effective June 8, 2018, the company entered into two separate licensing agreements with Via Licensing Corporation to utilize worldwide patents related to the coding and decoding of android software, as well as access and download within the LTE/4G network.

eWave Mobile Ltd.

Effective October 1, 2017, the company entered into an Asset Purchase Agreement with eWave Mobile Ltd., or eWave, for the purchase of certain distribution rights and contracts in connection with the right to sell and distribute in Israel certain cellular devices for the push to talk market, or the eWave Supplies.

Clear RF, LLC

On March 31, 2021, the company's indirectly and wholly-owned subsidiary ClearRF Nevada Inc. acquired all of the issued and outstanding interests of Clear RF, LLC (ClearRF), a Washington State limited liability company. ClearRF produces M2M (machine-to-machine) cellular amplifiers for commercial and industrial M2M applications and offers patented direct connect cellular amplifiers and patented auto gain and oscillation control designed for M2M and internet-of-things (IoT) applications.