Silynxcom Receives $500,000 in Orders from the Israel Defense Forces
09 July 2024 - 11:15PM
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, received product orders of $500,000 from the Israel
Defense Forces for its advanced military headset system family of
products.
Silynxcom's tactical communication solutions are designed to
meet the rigorous demands of modern military operations. By
delivering high-quality audio clarity and robust communication
capabilities, Silynxcom ensures that soldiers can carry out their
missions more efficiently and safely with its products.
Nir Klein, Chief Executive Officer of Silynxcom, "We have
observed a significant increase in the acceptance and demand for
our solutions in Israel and worldwide. This growth is attributed to
the increasing popularity in our cutting-edge disruptive technology
and continuous sales and marketing efforts. We plan to maintain
this path moving forward."
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 the
Company’s intention to maintain its growth trajectory.
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 Efraty IR Manager ir@silynxcom.com
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