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SINTX Technologies to Explore Strategic Opportunities
Salt Lake City, Utah., June 18, 2024 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”) today announced that its Board of
About this update from Sintx Technologies, Inc.
[{"type":"text","content":"Salt Lake City, Utah., June 18, 2024 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”) today announced that its Board of Directors has initiated a process to explore potential strategic options for the Company. SINTX has multiple business lines focused on technical materials, with manufacturing and R&D sites located in Salt Lake City and Millersville, MD. In addition to its FDA-approved silicon nitride ceramic spinal fusion devices, the Company has developed ceramic-polymer composites, a novel technology that addresses other medical devices, such as implants for lower extremity fusion. Based on extensive peer-reviewed published data, the key advantages of the Company’s proprietary medical-grade silicon nitride include its proven biocompatibility, inherent resistance to bacteria and viruses, bone cell stimulation, and ease of radiographic imaging. More recently, the Company’s femoral head technology has attracted renewed interest from several global partners. The Company’s silicon nitride is also being utilized in several aerospace engine applications, with two long-term supply agreements in this market. SINTX also has unique capabilities in 3D printing technologies including Digital Light Projection (DLP) ceramic additive manufacturing, proprietary resin formulations, and extensive pre-print and post-print processing and characterization. The Company has applied Chemical Vapor Infiltration (CVI) and Chemical Vapor Deposition (CVD) manufacturing processes to produce thermal and environmental barrier coatings. These technologies are relevant to many industrial and defense applications, such as hypersonic projectiles, and renewable energy. The company is also one of the few manufacturers of optical ceramic materials for sensor applications. Other proprietary technologies include the manufacture of high performance, lower cost ballistic materials for opaque armor applications at its subsidiary, SINTX Armor. SINTX Armor is expected to begin production of a competitively priced body- and vehicle-protective armor product that has undergone successful testing. “With technologies targeted at the medical, defense, and renewable energy markets, year-over-year growth in revenues, and other commercial opportunities in the pipeline, SINTX will require additional investment and resources. As such, we want t...