Silynxcom announces orders worth $740,000 for tactical communications equipment from the Israel Defense Forces

Since the beginning of the third quarter of 2024, Silynxcom has received orders from the Israel Defense Forces with a total value of approximately $1,550,000

Netanya, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), manufacturer and developer of rugged tactical communications headsets, has received additional orders from the Israel Defense Forces (“IDF”) in the amount of $740,000, representing a total of $815,000 in orders received since the beginning of July 2024. This brings the total number of IDF orders accumulated since the beginning of July 2024 to approximately $1,550,000. This latest order signals Silynxcom’s expansion into the military tactical communications equipment market.

Silynxcom specializes in the development of rugged tactical communications headsets, designed to meet the rigorous requirements of today’s armed forces, law enforcement and industrial sectors. These headsets provide exceptional audio clarity and reliable communication, which can help our end users work more safely and efficiently.

“We are honored to deepen our partnership with the IDF and continue our mission to protect those who protect us,” said Nir Klein, CEO of Silynxcom. “Our cutting-edge technology gives Soldiers the communication tools they need to operate effectively in challenging environments.”

About Silynxcom Ltd.

Silynxcom Ltd. designs, manufactures, markets and sells rugged tactical communications headsets, as well as other communications accessories, all of which have been field- and combat-tested. The company’s in-ear headsets are used in combat, on the battlefield, in riot control, demonstrations, weapons training and in the factory. The in-ear headsets integrate seamlessly with third-party manufacturers of professional, rugged two-way radios used by soldiers in combat or police officers in leading military and law enforcement units. The company’s in-ear headsets fit snugly over protective equipment, allowing users to speak and hear clearly and precisely, while being protected from the hazardous sounds of combat, riots and hazardous situations. The sleek, lightweight in-ear headsets include active sound protection that eliminates hazardous sounds while maintaining ambient awareness of their surroundings, providing customers with 360° situational awareness. The company works closely with its customers and tries to improve the functionality and quality of its products based on real opinions of soldiers and police officers “in the field”. The company sells its in-ear headsets and communications accessories directly to armed forces, police and other law enforcement agencies. The company also works with specialized networks of local distributors in each location where 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 is subject to significant risks and uncertainties. Forward-looking statements contained in this press release can be identified by the use of words such as “anticipate,” “believe,” “consider,” “may,” “estimate,” “expect,” “intend,” “seek,” “may ”, “may”, “plan”, “potential”, “anticipate”, “project”, “goal”, “target”, “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 discussing: the continuation of its mission to serve customers and end users and the use of its facilities to contribute to safer and more efficient operations for 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. Additionally, certain forward-looking statements are based on assumptions of future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section entitled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed in the United States. Securities and Exchange Commission (“SEC”) on April 30, 2024 and other documents filed 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 reports for revisions or changes after the date of this release, except as required by law.

INVESTOR RELATIONS CONTACT:

Michał Efraty
IR Manager
[email protected]