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/C O R R E C T I O N — Siyata Mobile Inc./

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In the news release, Siyata Mobile Announces Second Quarter Financial Results, issued 15-Aug-2024 by Siyata Mobile Inc. over PR Newswire, we are advised by the company that the section Key financial highlights for the three months ended June 30, 2024:, first bullet point, should read “Revenues were $1.9 million compared to $2.7 million for the three months ended June 30, 2023.” rather than “Revenues were $1.6 million compared to $2.7 million for the three months ended June 30, 2023.” In addition the second bullet point of the same section should read “Gross profit of $0.2 million, or 10.4% of revenue, compared to $0.8 million, or 29.7% of revenue…” rather than “Gross profit of ($144,000), or -8.9% of revenue, compared to $804,000, or 29.7% of revenue…” as originally issued inadvertently. The complete, corrected release follows:

Siyata Mobile Announces Second Quarter Financial Results

Management to Host Conference Call at 8:30 a.m. ET on Friday, August 16

VANCOUVER, BC, Aug. 15, 2024 /CNW/ — Siyata Mobile Inc. (Nasdaq: SYTA) (“Siyata” or the “Company”), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced its financial results for the three months ended June 30, 2024.

Marc Seelenfreund, CEO of Siyata, said, “Second quarter revenue growth was tempered in large part due to the timing of the delivery of customer orders. However, we have a backlog of more than $7 million of confirmed orders, which gives us strong visibility into the second half of 2024. As such, we expect the third quarter will be a break-out quarter with high double digit year-over-year growth as the delivery of orders accelerates. We have achieved ‘stocked’ status for our SD7 handsets with four of the largest North American cellular carriers and continue to tap into new vertical markets reinforcing a growth trajectory that extends into 2025 and beyond.”

Key financial highlights for the three months ended June 30, 2024:

Revenues were $1.9 million compared to $2.7 million for the three months ended June 30, 2023.
Gross profit of $0.2 million, or 10.4% of revenue, compared to $0.8 million, or 29.7% of revenue, in the same period last year, primarily due to a one-time heavily discounted transaction to an international reseller which we believe will positively impact revenue in second half of 2024.
Net loss was $12.9 million as compared to a net loss of $2.3 million in the same period in the prior year, primarily due to a non cash recognition of the differences between fair value of capital raises compared to cash received resulting in a $6.7 million additional loss, as well as a $1.0 million loss due to transaction costs incurred for the financings and $2.0 million of marketing costs on investor awareness of our Company.
Adjusted EBITDA was ($3.8 million), versus ($2.0 million) in the prior year.

Liquidity and Capital Resources

As of June 30, 2024, the Company had a cash balance of $2.7 million compared to $0.9 million as of December 31, 2023.

During the second quarter, the company closed two public offerings of common shares and/or pre-funded warrants to purchase common shares for gross proceeds of approximately $10 million in aggregate.

Conference Call Details

The Company will host a conference call at 8:30 a.m. ET on Friday, August 16, 2024 to discuss its second quarter 2024 financial results.

Date: Friday, August 16, 2024
Time: 8:30 a.m. Eastern Time/5:30 a.m. Pacific Time
North America dial-in number: 888-506-0062
International toll-free dial-in number: 973-528-0011
Access Code: 922573

A replay will be available until August 30, 2024. To access the replay, dial +1 (877) 481-4010 or +1 (919) 882-2331. When prompted, enter Passcode 51033.

The call will also be available over the Internet and accessible at: https://www.webcaster4.com/Webcast/Page/2988/51033

About Siyata Mobile

Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire, and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.

In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.

Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.

Siyata’s common shares trade on the Nasdaq under the symbol “SYTA”.

Visit www.siyata.net and unidencellular.com to learn more.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata’s current expectations, they are subject to various risks and uncertainties and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Siyata’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. 

— Tables Follow —

Siyata Mobile Inc.

Condensed Consolidated Statements of Financial Position

(Expressed in US dollars)

 
 
 

USD

 
 

USD

 
 
 

June 30,
2024

 
 

December 31,
2023

 

Assets

 
 
 
 
 
 

Current

 
 
 
 
 
 

Cash

 
 

2,653,226

 
 
 

898,771

 

Trade And Other Receivables

 
 

1,508,799

 
 
 

1,181,257

 

Prepaid Expenses

 
 

2,244,232

 
 
 

29,673

 

Inventory

 
 

2,299,647

 
 
 

3,544,519

 

Advance To Suppliers

 
 

891,144

 
 
 

1,048,227

 
 
 
 

9,597,048

 
 
 

6,702,447

 

Long Term Receivable

 
 

142,904

 
 
 

147,100

 

Investment in Securities

 
 

1,000,000

 
 
 

–

 

Right Of Use Assets

 
 

500,849

 
 
 

630,793

 

Equipment

 
 

157,022

 
 
 

175,335

 

Intangible Assets

 
 

7,785,176

 
 
 

7,856,730

 

Total Assets

 
 

19,182,999

 
 
 

15,512,405

 
 
 
 
 
 
 
 
 
 

Liabilities And Shareholders’ Equity

 
 
 
 
 
 
 
 

Current

 
 
 
 
 
 
 
 

Loans to Financial Institutions

 
 

619,068

 
 
 

89,298

 

Sale of future receipts

 
 

2,152,375

 
 
 

1,467,899

 

Accounts Payable and Accrued Liabilities

 
 

4,087,199

 
 
 

3,449,103

 

Deferred Revenue

 
 

3,182

 
 
 

2,025

 

Short Term Lease Liability

 
 

243,214

 
 
 

254,668

 

Warrant Liability and Preferred Shares

 
 

10,755,482

 
 
 

156,433

 
 
 
 

17,860,520

 
 
 

5,419,426

 

Long Term Lease Liability

 
 

284,393

 
 
 

385,639

 
 
 
 

284,393

 
 
 

385,639

 

Total Liabilities

 
 

18,144,913

 
 
 

5,805,065

 

Shareholders’ Equity

 
 
 
 
 
 
 
 

Share Capital

 
 

92,565,727

 
 
 

85,714,727

 

Reserves

 
 

14,845,086

 
 
 

14,644,200

 

Accumulated Other Comprehensive Loss

 
 

98,870

 
 
 

98,870

 

Deficit

 
 

(106,471,597)

 
 
 

(90,750,457)

 
 
 
 

1,038,086

 
 
 

9,707,340

 

Total Liabilities And Shareholders’ Equity

 
 

19,182,999

 
 
 

15,512,405

 

 

Siyata Mobile Inc.

Condensed Consolidated Statements of Loss and Comprehensive Loss

(Expressed in US dollars)

For the three and six months ended June 30, 2024 and 2023

 
 
 

Three Months Ended

 
 

Six Months Ended

 
 
 

June 30,
2024

 
 

June 30,
2023

 
 

June 30,
2024

 
 

June 30,
2023

 
 
 
 
 
 
 
 
 
 
 
 
 
 

Revenue

 

$

1,890,968

 
 

$

2,710,717

 
 

$

4,248,847

 
 

$

4,513,354

 

Cost Of Sales

 
 

(1,694,154)

 
 
 

(1,906,227)

 
 
 

(3,188,616)

 
 
 

(3,212,347)

 

Gross Profit

 
 

196,814

 
 
 

804,490

 
 
 

1,060,231

 
 
 

1,301,007

 
 
 
 

10.4

%

 
 

29.7

%

 
 

25.0

%

 
 

28.8

%

Expenses

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Amortization And Depreciation

 
 

433,129

 
 
 

453,499

 
 
 

837,787

 
 
 

855,139

 

Development Expenses

 
 

–

 
 
 

31,465

 
 
 

35,000

 
 
 

85,450

 

Selling And Marketing

 
 

954,388

 
 
 

987,803

 
 
 

2,102,406

 
 
 

1,991,168

 

Equity promotion and marketing

 
 

2,000,000

 
 
 

250,000

 
 
 

2,150,000

 
 
 

591,200

 

General And Administrative

 
 

1,033,301

 
 
 

1,503,382

 
 
 

2,071,853

 
 
 

2,554,612

 

Bad Debts (Recovered)

 
 

–

 
 
 

10,148

 
 
 

18,858

 
 
 

10,148

 

Share-Based Payments

 
 

83,762

 
 
 

260,705

 
 
 

200,886

 
 
 

571,533

 

Total Operating Expenses

 
 

4,504,580

 
 
 

3,497,002

 
 
 

7,416,790

 
 
 

6,659,250

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Net Operating Loss

 
 

(4,307,766)

 
 
 

(2,692,512)

 
 
 

(6,356,559)

 
 
 

(5,358,243)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Other Expenses

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Finance Expense

 
 

942,283

 
 
 

41,251

 
 
 

1,722,039

 
 
 

75,349

 

Loss on issuance

 
 

6,129,282

 
 
 

–

 
 
 

6,129,282

 
 
 

–

 

Loss on extinguishment of financial liability

 
 

601,163

 
 
 

–

 
 
 

601,163

 
 
 

–

 

Foreign Exchange

 
 

(1,706)

 
 
 

(78,762)

 
 
 

(10,651)

 
 
 

(78,599)

 

Change In Fair Value of Warrant Liability

 
 

(31,986)

 
 
 

(321,384)

 
 
 

(54,570)

 
 
 

1,856,623

 

Transaction Costs

 
 

977,318

 
 
 

–

 
 
 

977,318

 
 
 

–

 

Total Other Expenses

 
 

8,616,354

 
 
 

(358,895)

 
 
 

9,364,581

 
 
 

1,853,373

 

Net Loss for The Period

 
 

(12,924,120)

 
 
 

(2,333,617)

 
 
 

(15,721,140)

 
 
 

(7,211,616)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Comprehensive Loss for The Period

 
 

(12,924,120)

 
 
 

(2,333,617)

 
 
 

(15,721,140)

 
 
 

(7,211,616)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Weighted average shares (after 18 to 1 reverse split)

 
 

108,922

 
 
 

5,417

 
 
 

70,307

 
 
 

4,691

 

Basic and diluted loss per share

 
 

(118.65)

 
 
 

(430.78)

 
 
 

(223.61)

 
 
 

(1,537.33)

 

 

Reconciliation to Adjusted EBITDA

(Expressed in US dollars)

For the three and six months ended June 30, 2024 and 2023

 
 
 

Three Months Ended

 
 

Six Months Ended

 
 
 

June 30,
2024

 
 

June 30,
2023

 
 

June 30,
2024

 
 

June 30,
2023

 

Net operating loss

 
 

(4,307,766)

 
 
 

(2,692,512)

 
 
 

(6,356,559)

 
 
 

(5,358,243)

 

addback

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Amortization And Depreciation

 
 

433,129

 
 
 

453,499

 
 
 

837,787

 
 
 

855,139

 

Share-Based Payments

 
 

83,762

 
 
 

260,705

 
 
 

200,886

 
 
 

571,533

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Adjusted EBITDA

 
 

(3,790,875)

 
 
 

(1,978,308)

 
 
 

(5,317,886)

 
 
 

(3,931,571)

 

 

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SOURCE Siyata Mobile Inc.

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Zetrix AI and China Academy of Information and Communications Technology Unveil Know Your Agent (KYA) Service to Bring Trust and Accountability to AI Agents

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Cross-border pilot across the Middle East, Africa, China and ASEAN with results to be submitted for consideration in ongoing discussions on establishing global AI identity and accountability standards

WUZHEN, China, Nov. 5, 2026 /PRNewswire/ — Zetrix AI Berhad (“Zetrix AI”), in collaboration with the China Academy of Information and Communications Technology (“CAICT”), announced the launch of a Know Your Agent (KYA) service, to bring greater trust, transparency and accountability to the rapidly expanding world of AI agents.

Announced simultaneously at the World Internet Conference in Wuzhen, China, and the ICT Development Forum 2026 in Dubai, United Arab Emirates, the KYA service introduces a framework that enables AI agents to possess verifiable digital identities linked to businesses or personal users.

The KYA service is designed to allow businesses, governments and digital service providers to verify not only the identity of an AI agent, but also who it represents, what it is authorised to do and whether its actions fall within approved limits.

As AI agents increasingly access online services and execute transactions, organisations need a reliable way to distinguish authorised activity from rogue or unauthorised actions. The KYA service addresses this trust gap by combining verifiable credentials with explicit delegated permissions and checks before protected actions proceed.

“AI is entering a new era where intelligent agents will increasingly make decisions, interact with businesses and execute transactions independently. Greater autonomy must come with greater accountability. The question is no longer just what AI can do, but who is responsible for what it does. Through Zetrix AI’s KYA service, we are working towards a future where every AI agent can be identified, every permission can be verified and every action can be traced to an accountable owner. This is fundamental to building the confidence needed for AI to operate at scale across businesses, governments and borders,” said TS Wong, Group Managing Director of Zetrix AI.

The launch includes a planned cross-border pilot involving organisations in the Middle East, Africa, China and ASEAN. The pilot will evaluate how agent identity and authorisation can be recognised across jurisdictions while preserving local control over identity systems and trust decisions. The results of the pilot will then be submitted to the International Telecommunication Union (ITU), IEEE and other Standard Development Organizations (SDOs) for consideration in the ongoing work and conversations on establishing global AI identity and accountability standards.

With AI agents becoming more deeply integrated into everyday digital activities, the ability to establish trusted identities and verifiable authority could become an essential foundation for their widespread adoption.

“As Agentic AI assumes greater responsibilities, the need for KYA services will continue to rise. It is our expectation that this joint service with Zetrix AI will help foster a cross-border trusted network enabling interoperable Agentic AI around the world,” said Xiaoyu YOU, Head of International Department, ASTRON network, CAICT.

Through the KYA service, Zetrix AI and CAICT aim to help lay the groundwork for a future in which AI agents can operate with greater independence, while remaining identifiable, accountable and trusted across borders.

Building Trust in an AI-Driven World

AI agents are increasingly being built today to perform tasks that previously required direct human involvement, from managing digital services and accessing business information to facilitating payments and interacting with other AI systems. While these capabilities promise significant improvements in productivity and efficiency, they also introduce new risks.

Without reliable identity verification and clearly defined authority, organisations may struggle to distinguish legitimate AI agents from unauthorised systems, determine the limits of an agent’s permissions or establish accountability when something goes wrong.

Zetrix AI’s KYA service seeks to address these challenges by introducing a verifiable identity and authorisation framework for AI agents, creating a foundation for more secure and responsible autonomous interactions.

Unlike conventional digital identity systems that primarily verify human users, KYA extends identity verification to AI agents themselves, linking each agent to a verified owner and establishing clear boundaries around its activities.

The KYA service builds on W3C Verifiable Credentials and incorporates AvatarLabs’ Agentic Wallet technology to manage digital credentials, verify delegated permissions and maintain evidence of agent activity.

Giving AI Agents an Identity and Clear Boundaries

At the heart of the KYA service is a simple but effective principle that AI agents should be able to act independently, but never without clearly defined authority and accountability. The KYA service will assign each participating AI agent a verifiable digital identity linked to an authenticated individual or organisation.

Owners can establish specific permissions governing what an agent is allowed to do, including which services it can access, what information it can use, who it can transact with and how much it is permitted to spend. For example, a business could authorise an AI agent to process payments to approved suppliers within a specified spending limit, while requiring human approval for transactions exceeding that amount.

Similarly, an AI agent accessing government or enterprise digital services could be required to demonstrate its identity and authorisation before gaining access to protected information.

The KYA service is also designed to ensure that when an AI agent delegates tasks to another agent, the delegated authority cannot exceed the permissions originally granted. Permissions can be revoked, while signed records of agent activity provide an auditable trail to support accountability.

By combining identity verification, permission controls and cryptographic evidence, the KYA service aims to enable organisations to embrace the benefits of autonomous AI without compromising security, privacy or oversight.

Taking AI Trust Beyond Borders

Recognising that AI agents will increasingly operate across international markets, Zetrix AI and CAICT are also planning a cross-border pilot to test how verifiable AI identities and permissions can be recognised across different jurisdictions. The proposed pilot will involve participating organisations from the Middle East, Africa, China and ASEAN, subject to confirmation.

It will explore practical applications in areas such as cross-border trade, digital payments, government services and interactions between autonomous AI agents. A key objective is to demonstrate how AI agents can operate across different national identity ecosystems while respecting local regulatory requirements, data protection considerations and jurisdictional control.

The pilot will evaluate the effectiveness of identity verification, permission enforcement, revocation mechanisms, privacy safeguards and accountability records in real-world cross-border environments. By testing these capabilities across multiple jurisdictions, the initiative seeks to establish practical foundations for greater interoperability and trust in the global AI ecosystem.

Contributing to the Future of International AI Standards

Beyond the immediate launch, the initiative is also intended to contribute to international efforts to develop common approaches to identity, trust and accountability for autonomous AI.

Zetrix AI and CAICT plan to jointly submit findings from the cross-border pilot to the International Telecommunication Union’s Telecommunication Standardization Sector Study Group 17 (ITU-T SG17), through its Focus Group on Trust and Identity for Humans and Agentic AI (FG-TIDA).

The submissions are expected to include implementation findings, cross-border use cases and recommendations relating to agent identity verification, delegated authority and accountability. These contributions are intended to support ongoing international technical discussions and pre-standardisation efforts, subject to the applicable ITU processes.

Organisations interested in participating in the pilot can contact agentid@avatarlabs.si.

About Zetrix AI Berhad

Zetrix AI Berhad (“Zetrix AI”), formerly known as MY E.G. Services Berhad, is leading the way in the deployment of blockchain technology and artificial intelligence in powering the public and private sectors across ASEAN. Headquartered in Malaysia, Zetrix AI started operations in 2000 as a pioneer in the provision of electronic government services and complementary commercial offerings in its home country. Today, it has advanced to the forefront of technology transformation in the broader region, leveraging its Layer-1 blockchain platform Zetrix and embracing the convergence of Web3, AI and robotics to enable optimally-efficient, intelligent and secure cross-border transactions, digital identity interoperability and automation solutions that seamlessly connect people, businesses and governments.

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SOURCE Zetrix AI Berhad

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KuCoin Shares Insights on Career Development and Building a Lasting Competitive Edge at Hong Kong FinTech Week’s Web3 Career Connect

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HONG KONG, Nov. 5, 2026 /PRNewswire/ — As digital assets converge with traditional finance and AI, talent needs are changing. Employers increasingly value professional depth and cross-disciplinary capabilities, while new technologies and business models are opening career opportunities.

Against this backdrop, KuCoin’s Head of Talent Acquisition Karina Li shared insights on Web3 talent development at Web3 Career Connect, an official community event of Hong Kong FinTech Week x StartmeupHK 2026.

During the panel “Inside Web3: Building Businesses, Teams & Careers,” Karina described how industry priorities are broadening talent needs, combining technology and crypto experience with traditional finance capabilities in risk management, compliance and governance. AI’s integration with Web3 is also changing skill requirements and opening career opportunities to people from diverse professional backgrounds.

She highlighted the growing importance of structured talent development, with practical responsibilities, mentoring and feedback helping graduates develop independent judgement and ownership.

“Building services that users can trust requires sustained investment in people,” Karina said. “Professional depth and continuous learning help young talent contribute as the industry evolves.”

In a separate presentation, “How to Make the Right Career Choices in the Crypto Era,” Karina offered university students and recent graduates interested in Web3 a framework for evaluating industries, companies and roles. She encouraged them to assess long-term demand, business fundamentals and opportunities to build transferable skills, while seeking experienced colleagues, meaningful responsibilities and room to grow.

Her advice was to establish expertise in a core discipline before expanding across functions, using internships and practical projects to explore their strengths.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform builds trust into every layer of the user experience, combining advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,000+ digital assets through a broad product suite and remains committed to building a secure, transparent, compliant, and user-centric ecosystem for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019 and ISO/IEC 42001:2023 certifications. In recent years, KuCoin has continued to strengthen its global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

Disclaimer

This announcement is for general informational and corporate news reporting purposes only and does not constitute an offer, solicitation, or recommendation to engage in any digital asset transactions or services in Hong Kong. The event described herein was strictly educational and non-commercial in nature.

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SOURCE KuCoin

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NTT Deepens Financial AI Engagement as Official FinTech Partner of Hong Kong FinTech Week 2026

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NTT and Cyberport convene financial services leaders to explore the pathway from AI sandbox to production

HONG KONG, Nov. 5, 2026 /PRNewswire/ — NTT Com Asia (NTT), part of the NTT Group, a leading global technology company, is an official FinTech Partner of Hong Kong FinTech Week 2026, reinforcing its commitment to Hong Kong’s financial services and technology ecosystem and supporting industry dialogue around the next stage of AI adoption.

As part of its participation, NTT collaborated with Cyberport to host “Beyond the Sandbox: What It Takes to Move Financial AI from Sandbox to Production,” a closed-door leadership luncheon on 3 November 2026. The discussion brought together senior representatives from financial institutions and the wider financial technology ecosystem.

As financial institutions advance AI initiatives from experimentation towards real-world deployment, building on the momentum of the HKMA Generative Artificial Intelligence (GenA.I.) Sandbox, the luncheon examined the practical conditions required to be in place for financial AI to move from experimentation towards production. Conversations addressed governance and compliance, data and security, infrastructure and scalability, and operating responsibility, while providing a forum for leaders to exchange perspectives on the barriers and priorities shaping financial AI adoption.

Through its collaboration with Cyberport and participation in Hong Kong FinTech Week 2026, NTT aims to deepen engagement with the financial services community and contribute its technology and infrastructure perspective to the evolving discussion around production-ready AI in financial services.

About NTT Com Asia

As part of the NTT Group, a leading global technology company, NTT Com Asia is committed to building a smart and sustainable world through innovation. We empower businesses to accelerate their digital and AI journeys by unlocking the full potential of data.

From smart digital infrastructure, technology services to leading-edge AI solutions, we enable organizations to navigate the evolving challenges of a data-centric world.

For more information, please visit: www.ntt.com.hk

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SOURCE NTT Com Asia

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