Silynxcom Received $550,000 In Orders From Israel Defense Forces And Israeli Police Forces Since Beginning Of Year, Expects To Deliver These Units During 2024.
Portfolio Pulse from Benzinga Newsdesk
Silynxcom Ltd. (NYSE:SYNX), a developer of ruggedized tactical communication headsets, announced receiving $550,000 in new orders from the Israel Defense Forces and Israeli police forces since the start of 2024, adding to over $4.85 million in orders since October 2023. The company highlighted the repeat orders as a testament to their product's capabilities and plans to deliver these units in 2024. This follows a recent $4.5 million order from a leading global defense company, indicating strong demand and growth for Silynxcom's products.
February 13, 2024 | 2:31 pm
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Silynxcom Ltd. has received significant new and repeat orders for its tactical communication headsets from the Israel Defense Forces and Israeli police forces, indicating strong product demand and potential revenue growth.
The announcement of new and repeat orders totaling over $4.85 million since October 2023, including a significant $4.5 million order from a leading global defense company, demonstrates Silynxcom's strong market position and the high demand for its products. This is likely to positively impact investor sentiment and the company's stock price in the short term, as it indicates potential revenue growth and successful market penetration.
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