Silynxcom Announces $740,000 in Orders for Tactical Communication Equipment from The Israel Defense Forces
Silynxcom (NYSE American: SYNX), a manufacturer of ruggedized tactical communication headset devices, has received additional orders worth $740,000 from the Israel Defense Forces (IDF). This adds to the $815,000 in orders secured since July 2024, bringing the total accumulated orders from the IDF to approximately $1,550,000 since the beginning of July 2024.
The company specializes in developing tactical communication equipment for militaries, law enforcement units, and industrial sectors. These headsets provide exceptional audio clarity and reliable communication, contributing to safer and more efficient operations for end-users. CEO Nir Klein expressed pride in deepening the partnership with the IDF and continuing the company's mission to protect those who protect us.
Silynxcom (NYSE American: SYNX), un produttore di dispositivi acustici per comunicazioni tattiche robuste, ha ricevuto ordini aggiuntivi per un valore di 740.000 dollari dalle Forze di Difesa Israeliane (IDF). Questo si aggiunge ai 815.000 dollari di ordini già acquisiti da luglio 2024, portando il totale degli ordini accumulati dalle IDF a circa 1.550.000 dollari dall'inizio di luglio 2024.
L'azienda si specializza nello sviluppo di attrezzature per comunicazioni tattiche per eserciti, forze di polizia e settori industriali. Questi cuffie offrono un'eccezionale chiarezza audio e comunicazione affidabile, contribuendo a operazioni più sicure ed efficienti per gli utenti finali. Il CEO Nir Klein ha espresso orgoglio nel rafforzare la partnership con le IDF e nel continuare la missione dell'azienda di proteggere coloro che ci proteggono.
Silynxcom (NYSE American: SYNX), un fabricante de dispositivos de auriculares tácticos robustos, ha recibido órdenes adicionales por un valor de 740,000 dólares de las Fuerzas de Defensa de Israel (IDF). Esto se suma a los 815,000 dólares en órdenes aseguradas desde julio de 2024, llevando el total de órdenes acumuladas de la IDF a aproximadamente 1,550,000 dólares desde principios de julio de 2024.
La compañía se especializa en desarrollar equipos de comunicación táctica para ejércitos, unidades de la policía y sectores industriales. Estos auriculares brindan una claridad de audio excepcional y comunicación confiable, contribuyendo a operaciones más seguras y eficientes para los usuarios finales. El CEO Nir Klein expresó su orgullo por profundizar la asociación con la IDF y continuar la misión de la empresa de proteger a quienes nos protegen.
실린스컴(Silynxcom) (NYSE American: SYNX), 탁월한 내구성을 지닌 전술 통신 헤드셋 장치의 제조업체는 이스라엘 방위군(IDF)으로부터 74만 달러 규모의 추가 주문을 받았습니다. 이는 2024년 7월 이후 확보한 81만 5천 달러의 주문에 추가되어, 2024년 7월 초부터 지금까지 IDF로부터의 총 누적 주문이 약 155만 달러에 이릅니다.
회사는 군대, 법 집행 기관 및 산업 부문을 위한 전술 통신 장비 개발을 전문으로 합니다. 이 헤드셋은 탁월한 오디오 명료성과 신뢰할 수 있는 통신을 제공하여 최종 사용자의 안전하고 효율적인 작업에 기여합니다. CEO 니르 클라인(Nir Klein)은 IDF와의 파트너십을 심화시키는 것에 대한 자부심과 우리를 보호하는 이들을 보호하기 위한 회사의 미션을 이어가는 것에 대한 자부심을 표명했습니다.
Silynxcom (NYSE American: SYNX), un fabricant de dispositifs de casques tactiques robustes, a reçu des commandes supplémentaires d'une valeur de 740 000 dollars des Forces de Défense Israéliennes (IDF). Cela s'ajoute aux 815 000 dollars de commandes sécurisées depuis juillet 2024, portant le total des commandes accumulées des IDF à environ 1 550 000 dollars depuis le début de juillet 2024.
La société est spécialisée dans le développement d'équipements de communication tactique pour les militaires, les unités de maintien de l'ordre et les secteurs industriels. Ces casques offrent une clarté audio exceptionnelle et une communication fiable, contribuant à des opérations plus sûres et plus efficaces pour les utilisateurs finaux. Le PDG Nir Klein a exprimé sa fierté de renforcer le partenariat avec les IDF et de poursuivre la mission de l'entreprise qui est de protéger ceux qui nous protègent.
Silynxcom (NYSE American: SYNX), ein Hersteller von robusten taktischen Kommunikationsheadsets, hat weitere Bestellungen im Wert von 740.000 Dollar von den Israelischen Verteidigungsstreitkräften (IDF) erhalten. Dies kommt zu den 815.000 Dollar an Bestellungen hinzu, die seit Juli 2024 gesichert wurden, und bringt die insgesamt von der IDF kumulierten Bestellungen auf etwa 1.550.000 Dollar seit Beginn von Juli 2024.
Das Unternehmen ist auf die Entwicklung von taktischer Kommunikationsausrüstung für Militärs, Polizeieinheiten und die Industrie spezialisiert. Diese Headsets bieten außergewöhnliche audio Klarheit und zuverlässige Kommunikation, was zu sichereren und effizienteren Operationen für die Endbenutzer beiträgt. CEO Nir Klein drückte stolz aus, die Partnerschaft mit den IDF zu vertiefen und die Mission des Unternehmens, diejenigen zu schützen, die uns schützen, fortzusetzen.
- Secured new orders worth $740,000 from the Israel Defense Forces
- Total accumulated orders from IDF reached approximately $1,550,000 since July 2024
- Demonstrates growth in the military tactical communication equipment market
- Deepening partnership with a significant client (IDF)
- None.
Insights
This
Key points to consider:
- The order size is approximately
4.4% of Silynxcom's market cap, indicating a material impact on the company's financials. - Repeated orders from the IDF suggest a strong, ongoing relationship with a major client, which could lead to stable revenue streams.
- The company's focus on ruggedized tactical communication equipment positions it well in a niche market with high barriers to entry.
While this news is positive, investors should also consider the company's overall financial health, growth trajectory and potential geopolitical risks associated with defense contracts. The stock may see a short-term boost, but long-term performance will depend on Silynxcom's ability to secure more contracts and expand its client base beyond the IDF.
The
Key observations:
- The cumulative
$1.55 million in orders since July 2024 indicates a significant uptick in demand, possibly driven by increased military modernization efforts or specific operational needs. - Silynxcom's focus on ruggedized tactical communication headsets addresses a critical need in modern warfare, where clear communication in challenging environments is paramount.
- The company's ability to meet the stringent requirements of a sophisticated military force like the IDF could open doors to contracts with other advanced militaries and law enforcement agencies globally.
While this order is positive, investors should monitor Silynxcom's ability to scale production, maintain product quality and diversify its client base to reduce dependence on a single customer. The defense market's cyclical nature and potential budget constraints in customer countries are also factors to consider for long-term growth prospects.
Silynxcom has received a total of approximately
Netanya, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- 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
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 Manager
ir@silynxcom.com
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