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Silynxcom Ltd. (NYSE American: SYNX) is a distinguished entity specializing in the development, manufacturing, marketing, and sales of ruggedized personal headset devices and communication accessories. These products are battlefield-tested and combat-proven, ensuring high performance in extreme conditions. The company's flagship product, the In-Ear Headset, is widely used in military, law enforcement, and disaster recovery operations.
The In-Ear Headset developed by Silynxcom is known for its advanced technology that provides high audio quality and clarity, even for encrypted communication systems like TETRA, used globally by law enforcement and public safety organizations. The company has recently received an order for its latest In-Ear Headset system, designed to meet the unique requirements of TETRA-based communication systems. This system has been successfully tested by a European law enforcement customer, showcasing the product's reliability and effectiveness.
Silynxcom's products are also tailored for use in high-stakes environments such as riot control, demonstrations, and weapons training courses. These headsets seamlessly integrate with professional-grade ruggedized radios from third-party manufacturers, ensuring clear and precise communication while offering active sound protection and maintaining ambient environmental awareness.
In recent developments, Silynxcom has expanded its market reach to include a special forces unit in the Asia-Pacific region and a German county police department, further solidifying its global presence. The company has also announced an ongoing collaboration with 3M™ PELTOR™ to integrate Peltor's over-the-ear headsets with Silynxcom's advanced tactical systems.
Financially, Silynxcom is on a growth trajectory, with increasing demand for its innovative solutions. The company continues to strengthen its partnerships with local distributors and radio equipment manufacturers, aiming to provide the best communication tools for military and law enforcement personnel worldwide.
Silynxcom's commitment to innovation and quality is evident in its continuous efforts to enhance the functionality and performance of its products based on feedback from field users. This focus on user-centric development ensures that Silynxcom remains a trusted provider of tactical communication solutions.
Silynxcom (NYSE American: SYNX) announced its latest tactical communication system's success in the U.S. market, with multiple orders from federal and law enforcement organizations. The new In-Ear Headset system, compatible with P25 and TETRA communication systems, underscores the product’s reliability and effectiveness. This innovation provides secure, encrypted communication tailored to law enforcement needs. Silynxcom's system offers superior audio quality and seamless integration. The company aims to use its first-mover advantage to expand into the European market and broaden its footprint globally.
Silynxcom (NYSE American: SYNX), a manufacturer of tactical communication devices, announced new distribution agreements with four distributors—three in Asia and one in Europe. This expansion aims to enhance its global market presence, particularly among law enforcement and military units. CEO Nir Klein highlighted the agreements as key to their growth strategy, emphasizing the company's commitment to offering advanced communication solutions globally. The agreements include distribution of Silynxcom’s new TETRA headset system, designed for high audio quality, clarity, and secure communication, addressing the needs of TETRA-based systems.
Silynxcom has announced the acquisition of a new order for its TETRA headset system from a European police department. This milestone, achieved with the help of a trusted distributor, signifies growing demand for Silynxcom's advanced communication solutions in Europe. The TETRA headset system, designed for law enforcement's unique communication needs, offers high audio quality, clarity, and secure communication. The system includes an in-ear headset and a control box, making it reliable in critical, noisy situations. CEO Nir Klein highlighted the company's commitment to addressing market gaps and expanding its European footprint.
Silynxcom (SYNX) estimates revenue growth of over 100% for Q1 2024, with preliminary unaudited revenue at $3.525 million and cash equivalents of $4.353 million. The company attributes the success to expanded marketing efforts, increased customer base, and new innovative products. Geopolitical events have also driven demand for tactical communication solutions.
Silynxcom (NYSE American: SYNX) announced an expanded collaboration with 3M PELTOR, a global leader in over-the-ear headsets, to include the Peltor ComTac™ VIII Headset. This innovative product offers improved sound protection, design, and user application for noise-intense environments. The collaboration aims to enhance communication solutions for tactical environments, integrating Silynxcom's advanced systems with Peltor's headsets.
Silynxcom (SYNX) announced its 2023 annual results, showcasing positive cash flow and revenue growth. The company raised $5 million through an IPO, increasing year-end cash balance to $568 thousand. Operating loss was $2.8 million, with non-IFRS operating profit at $1.4 million. Net loss was $2.8 million, compared to a net income of $1.8 million in 2022. Revenues for 2023 reached $7.6 million, up 5% from the previous year, reflecting business expansion and market adoption.
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