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Silynxcom Ltd. - SYNX STOCK NEWS

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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.

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Silynxcom Ltd. (NYSE American: SYNX) announced the first order of its new In-Ear Headset system designed for law enforcement using TETRA communication systems. The system offers high audio quality and compatibility with various radio devices, catering to the specific needs of law enforcement agencies globally.
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Silynxcom Ltd. (NYSE American: SYNX) has developed an innovative communication headset for military dogs, ensuring protection and seamless command transmission. The headset, a result of extensive research and expertise in communication technology, offers durability, comfort, and functionality. The product has undergone successful testing and is set for evaluation by a major national army, showcasing the company's potential to revolutionize military dog equipment.
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Silynxcom Ltd. (NYSE American: SYNX) announces delivering $280,000 worth of Clarus In-Ear Headsets to a military customer, marking the third order from them and bringing total purchase orders to over $1 million. The company's innovative tactical communication solutions are gaining traction globally, with a growing customer base expressing satisfaction.
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Silynxcom Ltd. (SYNX) plans to showcase its new encrypted wireless tactical communication product at Enforce Tac 2024 in Nuremberg, Germany. The product was developed at the request of a European police department and has been successfully field-tested. The company aims to increase industry awareness of its high-level communication systems for military and law enforcement personnel worldwide.
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Silynxcom Ltd. (NYSE American: SYNX) receives a purchase order to sell its innovative software-defined radio headset to a leading US defense industry OEM, marking a significant milestone for the company. The order includes 250 units initially, with potential for more in 2024, showcasing Silynxcom's expertise in providing advanced communication solutions for modern military applications.
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Silynxcom, listed on NYSE American as SYNX, is experiencing a growth trend with significant add-on orders from major clients, totaling $550,000 since October 2023. The company's tactical communication headset devices are in demand across various sectors, not just military, due to their innovative technology. Repeat orders signify customer satisfaction and trust, driving business surge and global market opportunities.
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Silynxcom Ltd. (SYNX) announces repeat orders worth over $4.85 million from the Israel Defense Forces and Israeli police forces since October 2023. The Company has received approximately $550,000 in repeat purchase orders in 2024 for its military headset systems. CEO Nir Klein highlights the effectiveness of their innovative products, leading to increased demand globally.
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Silynxcom Ltd. (SYNX) has received a follow-up purchase order of approximately $400,000 from a leading global defense company, marking the third order received from this customer and totaling over $4.5 million in orders. The CEO, Nir Klein, emphasized the trust and satisfaction of customers, as well as the growing demand for innovative and discreet smart solutions in the defense sector.
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Silynxcom Ltd. (NYSE American: SYNX) has announced the closing of its initial public offering of 1,250,000 ordinary shares at a public offering price of $4.00 per share, resulting in gross proceeds of $5,000,000. The company has also granted the underwriter a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the initial public offering price. The proceeds will be used for marketing, business development, research and development, working capital, and general corporate purposes. ThinkEquity acted as the sole book-running manager for the offering.
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Silynxcom Ltd. (SYNX) announced the pricing of its initial public offering of 1,250,000 ordinary shares at $4.00 per share, raising gross proceeds of $5,000,000 before underwriting discounts and offering expenses. The company intends to use the proceeds for marketing, business development, research and development, working capital, and general corporate purposes. The ordinary shares are expected to begin trading on the NYSE American on January 12, 2024, under the symbol “SYNX.”
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FAQ

What is the current stock price of Silynxcom Ltd. (SYNX)?

The current stock price of Silynxcom Ltd. (SYNX) is $3.21 as of December 20, 2024.

What is the market cap of Silynxcom Ltd. (SYNX)?

The market cap of Silynxcom Ltd. (SYNX) is approximately 16.5M.

What is Silynxcom Ltd. known for?

Silynxcom Ltd. specializes in developing, manufacturing, marketing, and selling ruggedized personal headset devices and communication accessories.

What are the primary products of Silynxcom?

Silynxcom's primary products include In-Ear Headsets, push-to-talk devices, communication controllers, and communication device cables and connectors.

Who are the main users of Silynxcom's products?

Silynxcom's products are used by military forces, law enforcement agencies, disaster recovery professionals, and special forces units.

What recent achievements has Silynxcom announced?

Silynxcom recently received orders for its latest In-Ear Headset system from European law enforcement and for its hearing-protective in-ear headset systems from a German police department.

What makes Silynxcom's In-Ear Headsets unique?

Silynxcom's In-Ear Headsets offer high audio quality and clarity, active sound protection, and seamless integration with professional-grade ruggedized radios used by military and law enforcement.

How does Silynxcom ensure the quality of its products?

Silynxcom collaborates closely with its customers, incorporating feedback from field users to continuously improve the functionality and quality of its products.

What markets is Silynxcom expanding into?

Silynxcom is expanding into new markets, including the Asia-Pacific region, European law enforcement agencies, and the global law enforcement market.

What partnerships does Silynxcom have?

Silynxcom has key strategic partnerships with radio equipment manufacturers and has an ongoing collaboration with 3M™ PELTOR™.

What is the significance of Silynxcom's collaboration with 3M™ PELTOR™?

The collaboration with 3M™ PELTOR™ allows the integration of Peltor's advanced over-the-ear headsets with Silynxcom's tactical communication systems, enhancing the effectiveness of their products.

How does Silynxcom address the needs of its target audience?

Silynxcom develops products that meet the rigorous demands of military and law enforcement operations, offering solutions that provide secure, clear, and efficient communication.

Silynxcom Ltd.

NYSE:SYNX

SYNX Rankings

SYNX Stock Data

16.55M
1.25M
73.93%
12.86%
0.07%
Communication Equipment
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United States of America
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