Siyata Mobile $SYTAW Penny Stock Explodes Higher On EV Craze

  • Post category:Technology
  • Reading time:4 mins read
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SYTAW penny stock exploded higher on November 15, 2021, after the Biden signed the infrastructure bill recently passed by Congress.

Anything, even remotely, tied to EVs, self-driving, and communications is running higher. We’re seeing a lot of sympathy plays from a broad number of industries and sectors.

Siyata Mobile Files for FCC ID approval on SD7 Siyata

Siyata Mobile is also moving higher on their filing on November 14, 2021, with the FCC for SD7 Siyata.

An FCC ID is the product ID assigned by the FCC to identify wireless products in the market. The FCC chooses 3 or 5 character “Grantee” codes to identify the business that created the product. For example, the grantee code for FCC ID: 2AOCX-SD7 is 2AOCX. The remaining characters of the FCC ID, -SD7, are often associated with the product model, but they can be random. These letters are chosen by the applicant. In addition to the application, the FCC also publishes internal images, external images, user manuals, and test results for wireless devices. The filing with the FCC is here:

Siyata Mobile Receives Approval for Flagship UV350 In-Vehicle Device with Telstra in Australia

On October 13, 2021, Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that had received approval from Telstra, Australia’s leading cellular carrier, for the Company’s flagship UV350 device. The UV350 is the world’s first 4G/LTE, all-in-one vehicle fleet communication device that delivers cellular voice calls, Push-to-Talk over Cellular (PoC), and data applications and was designed to optimize mobile communications while driving.

“We look forward to launching the UV350 in Australia through Telstra, another leading cellular carrier. Siyata strives to be an international leader in the PoC space, and the recent approval from Telstra furthers this goal. Moreover, we are working with Telstra on additional device approvals and hope to deepen our relationship with the carrier over time,” said Marc Seelenfreund, CEO of Siyata.

The UV350 device was designed specifically for commercial vehicles and helps ensure safer communication for professional drivers and first responders, such as ambulances and police squad cars, by combining the functions of multiple devices into one. Unlike traditional cellular communication devices, the UV350 is powered by the vehicle’s battery and has cellular signal boosting technology to ensure drivers are always connected in emergency situations.

SYTAW stock technical analysis

Sytaw Stock

In the last month SYTAW has a been trading in the 0.44 – 2.65 range, which is quite wide. The rising large players volume is good but it sure is volatile. It is currently trading in the middle of this range, so some resistance may be found above. The technical rating of SYTAW is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when SYTAW is a good entry.

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