Silynxcom Ltd. (NYSE American: SYNX)

Silynxcom Ltd. (NYSE American: SYNX) develops, manufactures and sells ruggedized tactical communication and hearing-protection systems designed for use in demanding environments. The company’s roots in acoustics and sound science extend back more than five decades, beginning with a family-founded music conservatory and subsequent work in hearing-aid development before that expertise was applied to tactical audio systems. Silynx Communications, a fully owned subsidiary, was incorporated in 2005, and the company has since built its business around compact, combat-proven communication solutions designed to combine hearing protection, clear communications and environmental awareness.

Silynxcom’s systems are used across military, law enforcement, shooting sport, industrial and riot-control applications, with its tactical products deployed by military and law enforcement organizations internationally. The company sells directly to military forces, police and other law enforcement units while also working through specialized local distributors and maintaining strategic relationships with radio and tactical-equipment manufacturers.

Silynxcom continues to expand internationally through direct customer relationships, formal procurement programs, distributors, agents and resellers, with recent military orders and deliveries in Asia and Europe supporting that strategy.

The company is headquartered in Netanya, Israel.

Products

CLARUS and FORTIS

Silynxcom’s CLARUS and FORTIS systems provide scalable control of tactical communications networks. CLARUS I controls one or two radios through a compact dual-PTT controller, while CLARUS II adds a third radio channel and advanced audio routing for personnel operating across multiple communications networks.

FORTIS is the company’s most advanced system, with four PTT buttons capable of controlling up to four independent radio networks. The system is designed for commanders, joint terminal attack controllers and team leaders managing more complex communications requirements.

Both product families are built around a modular architecture that allows operators to pair Silynxcom sound-protection controllers with in-ear or over-the-ear headsets, exchange radio cable adapters for different communications platforms, and add wired or wireless PTT controls and other accessories as operational requirements change.

PROTEGO

The PROTEGO family comprises Silynxcom’s in-ear tactical sound-protection headsets, led by the flagship PROTEGO PRO. The system combines advanced hearing protection, Hear-Thru ambient hearing enhancement and the company’s proprietary TRUE VOICE, or “Talking from the Ear,” technology, which captures speech from within the ear canal without requiring a conventional external boom microphone.

PROTEGO PRO is certified to a 31 dB Noise Reduction Rating (“NRR”) and is IP68 waterproof. Its external microphone is positioned within the ear canal, allowing the user’s pinna to remain uncovered to support natural directional hearing. The headset also incorporates an AUX connection supporting optional vest-mounted and helmet-mounted boom microphones and gas-mask microphones and is compatible with Silynxcom systems through the company’s Quick Disconnect Connector (“QDC”).

The broader PROTEGO family provides configurations for different operational requirements. PROTEGO STD is a standard dual-ear configuration, PROTEGO SNG provides a single-ear option for users seeking situational awareness on the unprotected side, and PROTEGO MLD offers a molded custom-fit configuration. All variants connect to Silynxcom control boxes through the QDC architecture.

Tactical Audio Technology

Silynxcom’s technology platform combines active and passive hearing protection, Hear-Thru ambient sound enhancement, TRUE VOICE in-ear voice capture and modular QDC connectivity. The company has expanded this platform with capabilities including drone detection, sound-leak testing and prerecorded messages, as well as Net Monitoring, Whisper Mode, smartphone connectivity, TacTuner software and LinkDetect technology.

Other Products and Applications

Beyond its core military systems, Silynxcom applies its communications and hearing-protection technologies across law enforcement, riot control, shooting sport and industrial environments. Applications include systems designed for use with riot helmets, gas masks and shields; in-ear electronic hearing protection for shooting, hunting and competition; and communication and hearing-protection solutions used in industrial settings including steel mills, iron-smelting facilities and nuclear power plants.

Market Opportunity

Silynxcom is targeting an active tactical sound-protection headset market that the company expects to undergo a significant transition from traditional over-ear systems toward in-ear products. According to Market Research Future data included in Silynxcom’s investor materials, the in-ear portion of the global active tactical sound-protection headset market was projected to grow at a compound annual growth rate (“CAGR”) of 42% from 2021 through 2027, compared with a projected 0.51% CAGR decline for over-ear sound-protection headsets during the same period.

The company’s materials identify several factors supporting this transition, including military and law-enforcement modernization programs focused on tactical communications and equipment miniaturization, increased awareness of hearing loss in combat and riot situations, the need for protection against louder weapons systems, and adoption of lighter radios and data devices intended to improve individual communications and situational awareness. Silynxcom also identifies industrial and commercial demand associated with workplace safety, operational efficiency, coordination, noise reduction, training and hands-free operation.

Additional opportunities include increased European military and homeland-security modernization funding, the transition by Asian military forces from over-ear to in-ear communications devices, increased mobile-device usage by law enforcement agencies and a growing proportion of procurement requirements specifying in-ear rather than over-ear sound protection. The company is pursuing these opportunities through direct sales, formal purchasing programs, an international distributor network and strategic relationships with established equipment manufacturers.

Leadership Team

Nir Klein, Chief Executive Officer and Director, has served as Silynxcom’s CEO since January 2011 and as a member of its board of directors since August 2021. He holds a B.A. in accounting and economics from Tel Aviv University and brings extensive operational experience through his leadership of the company.

Ilan Akselrod, Chief Financial Officer, has served as Silynxcom’s CFO since September 2014. Before assuming his current role, he served as a controller at Mobile Technologies Ltd. from June 2010 through August 2014. Akselrod holds a B.A. in economics and accounting and a master’s degree in economics from Bar Ilan University.

Gal Nir Klein, Vice President of Marketing and Israel Sales and Director, has served as Silynxcom’s Vice President of Marketing and Israel Sales since October 2005 and as a member of its board of directors since August 2021. She holds a B.A. in economics from Tel Aviv University.

Elihay Cohen, Vice President of Marketing and International Sales Officer, has served in his current position since July 2021 after working as a consultant to Silynxcom during the first half of that year. He previously served as vice president of marketing and international sales for a large tactical-gear producer and has 20 years of prior management and sales experience in the high-tech sector. Cohen holds a B.Sc. in industrial engineering from Tel Aviv University.

Ronen Hananis, Vice President of Operations and Development, has served in his current role since July 2017 and has held various positions with Silynxcom since October 2005. He previously served as R&D and Engineering Manager from February 2014 through October 2016 and, prior to that, as Engineering Manager. Hananis holds a B.Sc. in electronics from the Holon Institute of Technology.