Core Insights - Silynxcom Ltd. reported a record revenue of $9.1 million for the year ended December 31, 2024, reflecting an 18% increase from the previous year, driven by ongoing expansion and product adoption [6] - The company has introduced innovative products, including an armored personnel carrier headset that enhances battlefield awareness by detecting drone noise while maintaining hearing protection [6] - Silynxcom has received $10 million in orders from the Israel Defense Forces since October 7, 2023, indicating strong demand for its products [6] Financial Highlights - Revenues for 2024 reached $9.1 million, up approximately 18% from the previous year [6] - Gross profit for the year was approximately $3.8 million, a 17% increase compared to $3.2 million in the previous year [6] - Cash and cash equivalents as of December 31, 2024, totaled $3.2 million [6] Corporate Developments - The company closed an underwritten public offering on April 2, 2025, generating gross proceeds of approximately $2.9 million [6] - Silynxcom expanded its sales operations in the Asia Pacific region, enhancing its market presence [6] - The company successfully completed field trials for its innovative in-ear communication solution aimed at boosting situational awareness and safety for military personnel [6]

Significant New Order Further Strengthens Silynxcom's Position as a Trusted Supplier of Advanced Tactical Communication Solutions Netanya, Israel, April 10, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices, today announced it has received a new purchase order valued at approximately $1.13 million from the Israel Defense Forces ("IDF"). The Company believes that this significant new ...

Netanya, Israel, April 02, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, today announced the closing of its previously announced underwritten public offering of 1,290,000 ordinary shares at a public offering price of $2.25 per share, for gross proceeds of approximately $2.9 million, before deducting underwriting discounts and offering ...

New York, New York, March 31, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, today announced the pricing of an underwritten public offering of 1,290,000 ordinary shares at a public offering price of $2.25 per share, for gross proceeds of approximately $2.9 million, before deducting underwriting discounts and offering expenses. All of the ...

Netanya, Israel, March 31, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, today announced that it intends to offer to sell ordinary shares in an underwritten public offering. All of the ordinary shares are to be sold by the Company. The offering is subject to market conditions, and there can be no assurance as to whether or when the offe ...

New potentially life-saving solution aims to enhance combat communication and safety and will not require users to carry additional health monitoring equipment Netanya, Israel, March 31, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices, announced its latest innovation, the development of a tactical sound protection in-ear headset that combines real-time vital life signs monitoring w ...

Core Insights - Silynxcom Ltd. has signed a non-binding memorandum of understanding (MOU) with an augmented reality software development company to explore the integration of tactical communication expertise with augmented reality technology for the aerospace industry [1][2][3] Group 1: MOU and Collaboration - The MOU establishes a framework for collaboration on the development of next-generation products that combine Silynxcom's in-ear headset technology with augmented reality capabilities tailored for aerospace applications [2] - The initiative aims to enhance situational awareness and communication effectiveness in demanding aerospace environments, such as aircraft cockpits [3] Group 2: Company Background - Silynxcom Ltd. specializes in developing ruggedized tactical communication headset devices that are field-tested and combat-proven, used in various high-stress environments including combat and law enforcement [4] - The company's in-ear headsets provide active sound protection while maintaining ambient awareness, allowing users to communicate clearly in hazardous situations [4]

Core Insights - Silynxcom Ltd. has received a new order from a European national police agency for advanced in-ear communication systems, part of a multi-year framework contract valued at up to $2 million [1][4] - The order includes Silynxcom's new-generation Tetra-compatible Clarus systems, which provide high-noise protection and enhanced situational awareness [2] - The company is strategically positioned to meet the increasing demand for tactical communication solutions, particularly in high-stakes environments [3] Company Positioning - Silynxcom is strengthening its presence in the European market, with growing adoption of its solutions by military, police, and security agencies [4] - Recent contracts include a $300,000 agreement with a European special forces unit and significant orders from the Israel Defense Forces and U.S. Air Force [4] - The company's in-ear communication systems are designed for superior hearing protection and clear communication in high-noise environments, making them suitable for law enforcement applications [3][5] Product Features - The in-ear headset devices offer active sound protection while maintaining ambient awareness, providing users with 360° situational awareness [5] - These devices are field-tested and combat-proven, integrating seamlessly with professional-grade ruggedized radios used by military and law enforcement [5] - The company emphasizes continuous improvement of its products based on feedback from users in the field [5]

Silynxcom Announces Follow-on Order Strengthening Market Leadership; the Company Continues to Expand European Defense Market Penetration as Regional Military Spending Surges to Record Levels Netanya, Israel, March 25, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices, today announced that it has received a new purchase order valued at approximately $300,000 from an elite special forc ...

Core Viewpoint - Silynxcom Ltd. has developed a tactical sound protection in-ear headset that integrates real-time vital signs monitoring with advanced communication capabilities, aimed at enhancing safety and situational awareness in combat and high-risk environments [1][4]. Product Features - The new in-ear headset will seamlessly integrate with existing military and commercial communication networks, allowing for alert transmission to commanders even if the user is incapacitated [2]. - The headset features three essential communication capabilities: hearing protection, hearing enhancement for situational awareness, and an in-ear microphone that ensures clear communication without an external microphone [4]. - Silynxcom's modular technology allows for future enhancements and customization, enabling continuous adaptation to industry needs [3]. Market Position - The company is recognized for its commitment to innovation and quality, making it a trusted partner for military and law enforcement agencies seeking reliable communication solutions [4]. - Silynxcom's in-ear headsets are widely used in various high-stakes environments, including combat, riot control, and training courses, and are designed to provide 360° situational awareness while protecting users from hazardous sounds [5]. Business Model - The company sells its products directly to military forces, police, and law enforcement units, and also collaborates with specialized local distributors and strategic partnerships with radio equipment manufacturers [5].