Silynxcom Secures Multiple Orders from US Federal and Law Enforcement Organizations of its New Tactical System
18 Juni 2024 - 3:25PM
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 that its latest tactical communication
system is gaining traction in the U.S. market. Multiple law
enforcement and federal organizations have placed orders for the
new system, which the Company believes highlights the product’s
effectiveness and reliability.
The new In-Ear Headset system, designed to meet the unique
requirements of law enforcement and public safety organizations,
represents a major innovation in secure and encrypted
communication. Compatible with “Project 25 (P25)” and “TETRA”-
Terrestrial Trunked Radio communication systems, widely used across
the globe, the system ensures seamless integration and superior
performance.
Highlights:
Innovative Product Launch: Silynxcom’s latest
offering taps into the massive law enforcement communication
market, showcasing the Company’s commitment to innovation and its
ability to develop products that meet critical market needs.
First-Mover Advantage: With this new system,
Silynxcom secures a first-mover advantage in providing
high-quality, encrypted communication solutions for law enforcement
agencies, offering significant growth potential within the
sector.
Market Expansion: These orders pave the way for
Silynxcom to expand its footprint globally, particularly in the
lucrative European law enforcement market. The Company is
strategically positioned to capitalize on new opportunities, aiming
to broaden its reach and penetrate new segments within the
government sector.
Product Differentiation: The In-Ear Headset
system sets a new industry standard with features like superior
audio quality, compatibility with a wide range of radio devices,
and seamless integration into law enforcement workflows. This
differentiation strengthens Silynxcom’s competitive edge and market
positioning.
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 orders pave the way for the Company to expand its footprint
globally, that the Company is strategically positioned to
capitalize on new opportunities, and that its In-Ear Headset sets a
new industry standard. 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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