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By Sam Boughedda
Investing.com — Siyata Mobile Inc (NASDAQ:SYTA) shares more than doubled Tuesday after the company said it has received a $1.3 million purchase order for police and first responder customers in the EMEA region.
The order is for the company's recently launched SD7 devices, VK7 vehicle units, and other accessories. It is a significant deal for Siyata, bringing its year-to-date orders for the SD7 and VK7 to more than $1.8 million.
In response to the news, the company's shares reached a high of $6.71.
"We expect this adoption trend to continue, given the unique technical capabilities of our product portfolio and the value-proposition they represent to enterprise and first-responder customers," stated Siyata CEO Marc Seelenfreund.
Siyata — a vendor of Push-to-Talk over cellular devices and cellular signal booster systems — has seen its shares slide over 40% this year after a decline since its February high of $15.75.