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VANCOUVER - Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW), a $66.32 million market cap company known for its mission-critical Push-to-Talk over Cellular (PoC) handsets, has announced that its recent merger partner, Core Gaming, is collaborating with Guangzhou WeiXuan, a prominent AI technology studio, to create AI-powered mobile applications aimed at enhancing productivity and creativity for everyday use. According to InvestingPro data, Siyata has shown strong revenue growth of ~34% in the last twelve months, despite facing operational challenges.
Core Gaming, a Miami-based AI-driven mobile games developer, has ventured beyond gaming to tap into the growing AI applications market, which was valued at USD 2,940.0 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 38.7% from 2025 to 2030. The partnership with Guangzhou WeiXuan, recognized for its scalable and high-utility mobile apps, aims to leverage the studio’s expertise in AI to develop intelligent, user-centric mobile solutions.
Aitan Zacharin, CEO of Core Gaming, emphasized the significance of the partnership, stating that it aligns with the company’s mission to lead in the next generation of AI-enhanced mobile applications. He highlighted the potential for the collaboration to produce mobile tools that are smarter, faster, and more attuned to user needs, enhancing everyday efficiency and well-being.
Guangzhou WeiXuan has a history of successful app launches, including PulsePro, SuperCleaner, and Phone AIMaster, and is expected to contribute its full-cycle product development proficiency to the partnership.
Core Gaming has established a significant presence in the gaming industry, with over 2,100 games developed or co-developed, 780 million downloads, and a user base of over 40 million across 140 countries. Siyata Mobile Inc., on the other hand, serves a B2B market with rugged PTT handsets and accessories, as well as In-Vehicle solutions and Cellular Booster systems for communication in various conditions. InvestingPro analysis reveals the company faces financial challenges, with an EBITDA of -$16.45 million and a weak gross profit margin of ~13%. Subscribers to InvestingPro can access 15 additional key insights about Siyata’s financial health and market position.
This strategic move comes as both companies seek to capitalize on the increasing demand for AI-driven solutions in the mobile app landscape. The information for this article is based on a press release statement. For a comprehensive analysis of Siyata Mobile’s financial position and future prospects, investors can access detailed Pro Research Reports available exclusively on InvestingPro, covering over 1,400 US stocks with expert insights and actionable intelligence.
In other recent news, Siyata Mobile Inc. reported its financial results for the first quarter of 2025. The company submitted its financial performance to the United States Securities and Exchange Commission under Form 6-K, which is used by foreign private issuers to report significant events. The report includes forward-looking statements, but investors are cautioned about potential risks and uncertainties that could affect actual outcomes. Additionally, Siyata Mobile is awaiting regulatory approval for a merger with Core Gaming, Inc. In a related development, Core Gaming has entered into a partnership with Fire Rhino Studios to develop casual gaming titles. This collaboration aims to combine Fire Rhino’s expertise in casual puzzle games with Core Gaming’s AI-driven approach. The merger agreement between Siyata Mobile and Core Gaming is still subject to customary closing conditions and regulatory approvals. These developments reflect Siyata Mobile’s ongoing strategic initiatives in both financial reporting and industry partnerships.
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