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NETANYA, Israel - Silynxcom Ltd. (NYSE American:SYNX), a manufacturer of ruggedized tactical communication headset devices with a market capitalization of $9.89 million, announced Monday it has received a purchase order valued at approximately $100,000 from a military unit.
The order is for tactical headset systems and related communication accessories, according to a company press release. Silynxcom’s products are designed for use in combat environments, providing situational awareness, hearing protection, and integration with professional-grade radios. The company maintains a strong liquidity position with a current ratio of 4.31 and more cash than debt on its balance sheet.
"We are proud to support this leading military unit with our state-of-the-art communication technology," said Nir Klein, Chief Executive Officer of Silynxcom.
The company’s in-ear headset devices are used in various scenarios including combat, riot control, demonstrations, and weapons training. The lightweight devices are designed to fit with protective gear while enabling clear communication and protecting users from hazardous sounds.
Silynxcom sells its products directly to military forces, police and other law enforcement units, as well as through networks of local distributors. The Israel-based company also maintains strategic partnerships with radio equipment manufacturers.
The company’s shares trade on the NYSE American exchange under the ticker symbol SYNX. Currently trading near its 52-week low, InvestingPro analysis suggests the stock is undervalued, with analysts projecting both sales and net income growth this year. InvestingPro subscribers have access to 12 additional investment insights about SYNX.
In other recent news, shareholders of Silynxcom Ltd. approved all agenda items at a special general meeting. The meeting, which had a quorum present, saw each proposal outlined in the meeting notice and proxy statement pass by the required majority. Among the approved items was the adoption of amended and restated articles of association for the company. These developments were part of materials previously filed with the Securities and Exchange Commission.
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