Silynxcom Announces $740,000 in Orders for Tactical Communication Equipment from The Israel Defense Forces
30 September 2024 - 3:09PM
Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the
“Company”), a manufacturer and developer of ruggedized tactical
communication headset devices, has received additional orders from
the Israel Defense Forces ("IDF") in the amount of $740,000, adding
to the $815,000 worth of orders secured since the beginning of July
2024. This brings the total accumulated orders from the IDF to
approximately $1,550,000 since the beginning of July 2024. This
latest order signals Silynxcom's growth in the military tactical
communication equipment market.
Silynxcom specializes in developing ruggedized
tactical communication headset devices designed to meet the
rigorous demands of modern militaries, law enforcement units and
industrial sectors. These headsets deliver exceptional audio
clarity and reliable communication, which can contribute to safer
and more efficient operations for our end-users.
"We are honored to deepen our partnership with
the IDF and continue our mission to protect those who protect us",
said Nir Klein, Chief Executive Officer of Silynxcom. “Our
cutting-edge technology provides soldiers with the communication
tools they need to be effective in challenging environments."
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:
continuing its mission to serve its customers and end-users; and
use of its devices for contributing to safer and more efficient
operations for its end-users. 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 Managerir@silynxcom.com
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