Silynxcom(SYNX)

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Silynxcom Secures $140,000 Order from Asia-Pacific Special Forces for Advanced In-Ear Communication Systems
Globenewswire· 2025-06-05 13:05
Core Viewpoint - Silynxcom Ltd. has received a $140,000 purchase order from a special forces unit in the Asia-Pacific region, highlighting the company's expanding global presence and the increasing demand for its advanced communication solutions among elite military units [1][2]. Group 1: Company Overview - Silynxcom Ltd. specializes in the development and manufacturing of ruggedized tactical communication headset devices, which are field-tested and combat-proven [5]. - The company's in-ear headset systems are recognized for their durability, advanced technology, and critical in-ear sound protection, making them a preferred choice for defense organizations [2][5]. - Silynxcom's products are designed to meet the rigorous demands of elite military operations, enhancing operational effectiveness and safety through features like "talking from the ear" and environmental hearing [3][5]. Group 2: Recent Developments - The recent order from a prestigious special forces unit is seen as a testament to the reliability and effectiveness of Silynxcom's communication systems [3]. - The company has secured recent orders from elite units in various regions, including the Israel Defense Forces and European special forces units, further strengthening its position in the specialized tactical communications market [4]. Group 3: Product Features - Silynxcom's in-ear communication systems incorporate proprietary technology that allows for clear communication while protecting users' hearing in high-noise environments [3]. - The in-ear headsets provide 360° situational awareness by eliminating unsafe sounds while maintaining ambient environmental awareness [5].
Silynxcom Announces Record Annual Revenue of Approximately $9.1 million in 2024
Globenewswire· 2025-05-14 13:15
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]
Silynxcom Receives $1.1 Million Order from Israel Defense Forces
Globenewswire· 2025-04-10 13:16
Core Insights - Silynxcom Ltd. has received a new purchase order valued at approximately $1.13 million from the Israel Defense Forces (IDF), reinforcing its position as a trusted supplier of advanced tactical communication solutions [1][2][3] Company Overview - Silynxcom develops, manufactures, and sells ruggedized tactical communication headset devices that are field-tested and combat-proven, designed for use in various high-stress environments such as combat, riot control, and training [5] - The company's In-Ear Headsets provide superior audio clarity, enhanced situational awareness, and exceptional hearing protection, allowing clear communication in high-noise environments [3][5] Market Position - The new order from the IDF highlights the growing demand for Silynxcom's products across military and law enforcement organizations worldwide, further solidifying the company's strong position in the global defense market [2][4][3] - The ongoing relationship with the IDF validates the effectiveness and reliability of Silynxcom's products in demanding operational conditions [3][4]
Silynxcom Ltd. Announces Closing of Public Offering
GlobeNewswire News Room· 2025-04-02 21:14
Core Viewpoint - Silynxcom Ltd. has successfully closed an underwritten public offering of 1,290,000 ordinary shares at a price of $2.25 per share, generating approximately $2.9 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering consisted of 1,290,000 ordinary shares priced at $2.25 each, resulting in gross proceeds of about $2.9 million [1]. - The underwriters have a 45-day option to purchase an additional 193,500 ordinary shares to cover over-allotments at the same public offering price [1]. - ThinkEquity served as the sole book-running manager for this offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Silynxcom Ltd. specializes in developing, manufacturing, and selling ruggedized tactical communication headset devices and accessories, which are field-tested and combat-proven [5]. - The company's In-Ear Headsets are designed for use in various high-risk environments, providing active sound protection while maintaining situational awareness [5]. - Silynxcom sells its products directly to military and law enforcement agencies and collaborates with local distributors and strategic partners in the radio equipment sector [5].
Silynxcom Ltd. Announces Pricing of Public Offering
Globenewswire· 2025-04-01 03:14
Core Viewpoint - Silynxcom Ltd. has announced a public offering of 1,290,000 ordinary shares at a price of $2.25 per share, aiming for gross proceeds of approximately $2.9 million, with the offering expected to close on April 2, 2025 [1][2]. Group 1: Offering Details - The public offering consists of 1,290,000 ordinary shares priced at $2.25 each, targeting gross proceeds of around $2.9 million before expenses [1]. - The underwriters have a 45-day option to purchase an additional 193,500 shares to cover over-allotments [1]. - The offering will be conducted under a shelf registration statement filed with the SEC, which became effective on March 7, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended primarily for working capital and general corporate purposes [2]. Group 3: Company Overview - Silynxcom Ltd. specializes in developing and manufacturing ruggedized tactical communication headset devices and accessories, which are field-tested and combat-proven [5]. - The company's In-Ear Headsets are designed for use in various high-risk environments, providing active sound protection while maintaining situational awareness [5]. - Silynxcom sells its products directly to military and law enforcement agencies and collaborates with local distributors and radio equipment manufacturers [5].
Silynxcom Ltd. Announces Proposed Public Offering of Ordinary Shares
Globenewswire· 2025-03-31 20:26
Core Viewpoint - Silynxcom Ltd. plans to conduct an underwritten public offering of ordinary shares, with the proceeds primarily allocated for working capital and general corporate purposes [1][3]. Group 1: Offering Details - The offering is subject to market conditions, and there is no assurance regarding the completion, size, or terms of the offering [1][2]. - ThinkEquity is the sole book-running manager for the offering, and the company may grant the underwriter a 45-day option to purchase an additional 15% of the shares sold to cover over-allotments [2]. Group 2: Company Overview - Silynxcom Ltd. specializes in developing, manufacturing, and selling ruggedized tactical communication headset devices and accessories, which are field-tested and combat-proven [6]. - The company's In-Ear Headsets are designed for use in various high-risk environments, providing active sound protection while maintaining situational awareness [6]. - Silynxcom sells its products directly to military and law enforcement agencies and collaborates with local distributors and radio equipment manufacturers [6].
Silynxcom Advances its Real-Time Vital Life Signs Monitoring Communication Solution for Combat
Globenewswire· 2025-03-31 13:20
Core Viewpoint - Silynxcom Ltd. has developed a new tactical sound protection in-ear headset that integrates real-time vital signs monitoring with advanced communication capabilities, aimed at enhancing safety and situational awareness for users in combat and high-risk environments [1][4][7] Group 1: Product Features - The new in-ear headset will seamlessly integrate with existing military and commercial communication networks, allowing alerts to be sent 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 needing an external microphone [4] - The modular technology of Silynxcom allows for future enhancements and customization, enabling the company to adapt to evolving industry needs [3] Group 2: Market Position and Strategy - Silynxcom's commitment to innovation and quality has established it as a trusted partner for military and law enforcement agencies, providing reliable communication solutions that enhance safety and effectiveness in the field [4][7] - The company's in-ear headsets are designed for various applications, including combat, riot control, and training, and are recognized for their ability to integrate with professional-grade ruggedized radios used by military and special forces [5] - Silynxcom actively seeks feedback from users in the field to improve the functionality and quality of its products, ensuring they meet the needs of operational personnel [5]
Silynxcom to Co-Develop Advanced Augmented Reality Communication Solutions for the Aerospace Market
Globenewswire· 2025-03-28 13:15
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]
Silynxcom Announces New Order from a National Police Agency in a European Country as Part of up to $2 Million Multi-Year Contract
Globenewswire· 2025-03-26 12:56
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 Secures $300,000 Order from Elite European Special Forces Unit for Advanced In-Ear Communication Systems
Globenewswire· 2025-03-25 13:15
Core Insights - Silynxcom Ltd. has received a follow-on purchase order valued at approximately $300,000 from an elite special forces unit in Europe for its advanced in-ear tactical communication systems, indicating strong market demand and confidence in the company's technology [1][2][3] - The company is strategically positioned to benefit from the increasing military spending and modernization initiatives across Europe, as NATO members accelerate their defense budgets to record levels [3][4] - Silynxcom's in-ear headset systems are designed to provide superior audio clarity, enhanced situational awareness, and exceptional hearing protection, making them suitable for high-risk operational environments [3][5] Company Overview - Silynxcom Ltd. develops and manufactures ruggedized tactical communication headset devices that are field-tested and combat-proven, catering to military and law enforcement units [5] - The company's in-ear headsets integrate seamlessly with professional-grade ruggedized radios, providing users with clear communication while protecting them from hazardous sounds [5] - Silynxcom has established strategic partnerships with radio equipment manufacturers and sells its products directly to military forces and police units, enhancing its market presence [5]