Silynxcom’s New Product Gaining Momentum in Europe with New Order
May 29 2024 - 9:18AM
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, announced today that it has received an order for its
innovative terrestrial trunked radio, or TETRA, headset system from
a police department in a European country. The order, secured
through one of Silynxcom’s trusted distributors, marks a
significant milestone in the Company’s expansion in the European
market and highlights growing demand for its advanced communication
solutions.
The TETRA headset system, designed to meet the unique demands of
law enforcement organizations using TETRA-based communication
systems, has quickly gained traction due to its high audio quality,
clarity, and secure communication capabilities. The system is
comprised of an in-ear headset and a control box, ensuring reliable
performance in critical situations and high noise environment.
Nir Klein, Chief Executive Officer of Silynxcom, commented,
"Securing this new order in Europe validates the trust and
confidence in Silynxcom’s technology and is the end result of our
development of the TETRA system as a response to a gap in the
market for TETRA-based radio systems. As many law enforcement
agencies in Europe and the U.S. shift towards a TETRA-based system,
or its U.S. counterpart Project 25, providing high quality in-Ear
headsets in this market presents an opportunity for us in an
environment with few competitors. We are proud to expand our
footprint in Europe and continue our mission to support law
enforcement agencies with innovative and reliable communication
solutions."
The successful deployment of the TETRA
system in various European countries demonstrates Silynxcom's
commitment to addressing the needs of law enforcement agencies
operating in diverse and challenging environments. The TETRA
system's ability to amplify speaking while protecting hearing in
noisy settings makes it an ideal solution for operations requiring
high situational awareness and clear communication.
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 that its
recent European order for its TETRA headset system marks a
significant milestone in its expansion in the European market and
highlights growing demand for its products, that its development of
the TETRA headset system enables it to assert its market dominance,
and that the successful deployment of TETRA systems in various
European countries demonstrates Silynxcom's commitment to
addressing the needs of law enforcement agencies. 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 EfratyIR Managerir@silynxcom.com
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