Silynxcom Expands Global Reach with New Asian and European Distribution Agreements
12 June 2024 - 11:19PM
Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the
“Company”), a manufacturer and developer of ruggedized tactical
communication headset devices as well as other communication
accessories, announced today that it has signed distribution
agreements with four new distributors. These agreements include
three distributors in Asia and one distributor in Europe,
significantly expanding the Company’s global distribution network
and enhancing its market presence in these regions.
The new distributors will play a key role in
making Silynxcom’s innovative communication solutions more
accessible to law enforcement agencies, military units, and other
security organizations in Asia and Europe. This strategic expansion
underscores Silynxcom’s commitment to meeting the growing demand
for advanced communication systems worldwide.
Nir Klein, Chief Executive Officer of Silynxcom,
commented: "We are excited to work with these esteemed distributors
to extend our market reach in Asia and Europe. These agreements are
part of our growth strategy and reflect our dedication to providing
state-of-the-art communication solutions to our global customers.
By collaborating with experienced distributors, we are confident in
our ability to deliver exceptional service and support to our
clients in these key regions."
The distribution agreements cover a range of
products, including Silynxcom’s new Terrestrial Trunked Radio
(“TETRA”) headset system, which is designed to meet the unique
demands of law enforcement and military organizations operating
TETRA-based communication systems. The TETRA headset system, with
its high audio quality, clarity, and secure communication
capabilities, will now be more readily available to a broader
audience as a result of these distribution agreements, enhancing
operational efficiency and safety.
About Silynxcom Ltd.
Silynxcom Ltd. develops, manufactures, markets,
and sells ruggedized tactical communication headset devices as well
as other communication accessories, all of which have been
field-tested and combat-proven. The Company’s in-ear headset
devices, or In-Ear Headsets, are used in combat, the battlefield,
riot control, demonstrations, weapons training courses, and on the
factory floor. The In-Ear Headsets seamlessly integrate with third
party manufacturers of professional-grade ruggedized radios that
are used by soldiers in combat or by police officers in leading
military and law enforcements units. The Company’s In-Ear Headsets
also fit tightly into the protective gear to enable users to speak
and hear clearly and precisely while they are protected from the
hazardous sounds of combat, riots or dangerous situations. The
sleek, lightweight, In-Ear Headsets include active sound protection
to eliminate unsafe sounds, while maintaining ambient environmental
awareness, giving their customers 360° situational awareness. The
Company works closely with its customers and seek to improve the
functionality and quality of the Company’s products based on actual
feedback from soldiers and police officers “in the field.” The
Company sells its In-Ear Headsets and communication accessories
directly to military forces, police and other law enforcement
units. The Company also deals with specialized networks of local
distributors in each locale in which it operates and has developed
key strategic partnerships with radio equipment manufacturers.
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 and are subject to substantial risks and
uncertainties. Forward-looking statements contained in this press
release may be identified by the use of words such as “anticipate,”
“believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,”
“seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,”
“target,” “aim,” “should,” "will” “would,” or the negative of these
words or other similar expressions, although not all
forward-looking statements contain these words. For example, the
Company uses forward-looking statements when it discusses that
these new distributors will play a key role in making the Company’s
products more accessible. Forward-looking statements are based on
Silynxcom’s current expectations and are subject to inherent
uncertainties, risks and assumptions that are difficult to predict.
Further, certain forward-looking statements are based on
assumptions as to future events that may not prove to be accurate.
These and other risks and uncertainties are described more fully in
the section titled “Risk Factors” in the Company’s Annual Report on
Form 20-F for the year ended December 31, 2023 filed with the U.S.
Securities and Exchange Commission (the “SEC”) on April 30, 2024,
and other documents filed with or furnished to the SEC which are
available on the SEC’s website, www.sec.gov. The Company cautions
you not to place undue reliance on any forward-looking statements,
which speak only as of the date they are made. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
INVESTOR RELATIONS CONTACTS:
Michal EfratyIR Managerir@silynxcom.com
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