SINTX TECHNOLOGIES ANNOUNCES AGREEMENT TOWARD A COLLABORATION WITH NISSIN MANUFACTURING CO., LTD.
January 30 2020 - 8:00AM
SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”),
an original equipment manufacturer (OEM) ceramics company that
develops and commercializes silicon nitride for medical and
non-medical applications, today announced an agreement toward
establishing a collaboration framework with Nissin Manufacturing
Company, Japan (“Nissin”). The companies have agreed to terms
whereby Nissin and SINTX will fund research and product development
activities collaboratively at a newly developed joint research
center, located in Kyoto, Japan. The purpose of this collaboration
is to develop new products for worldwide markets, using SINTX’s
unique technology and knowledge in silicon nitride ceramics, and
Nissin’s superior manufacturing technology platforms and retail
channels.
Established in 1946, Nissin is a worldwide
provider of many products, including precision automotive
components, vertical automatic honing machines, and special purpose
grinding machines, and others. The collaboration with SINTX is
intended to expand Nissin’s footprint in consumer products based on
aseptic polymer technologies already in production. “We were
attracted to the considerable scientific evidence that SINTX has
produced, attesting to the antibacterial properties of silicon
nitride. Our initial focus will target products that leverage the
ability of silicon nitride to resist bacterial adhesion, and to
inactivate viruses, with more to follow,” said Takashi Nishikohri,
CEO of Nissin. “The collaboration is structured as an open model to
facilitate continued growth and strategic opportunities, and we
look forward to developing a lasting and productive relationship
with SINTX,” added Nishikohri-san.
“We are pleased at this external validation of
our technology by a large, seasoned company such as Nissin, with
its worldwide footprint. The relationship will further boost our
already very productive R&D output that generated 25 published
scientific reports in 2019 alone and more than 100 since 2015. The
collaboration with Nissin is intended to directly apply our
material science expertise toward new product development, and
revenues. This is a significant move for SINTX,” said Dr. Sonny
Bal, CEO and President of SINTX Technologies.
Nissin (https://www.nissin-mfg.co.jp/en/) is a
privately-held company with its headquarters located in
Kyotango-city, Kyoto Prefecture, Japan. The company has locations
elsewhere around the world, and is a global supplier of automotive
components, and precision machines to facilitate grinding and
honing operations. Other Nissin group’s products include specialty
polymers with bacterial resistance, ceramic components, and related
product lines.
About SINTX Technologies,
Inc.
SINTX Technologies is an OEM ceramics company
that develops and commercializes silicon nitride for medical and
non-medical applications. The core strength of SINTX Technologies
is the manufacturing, research, and development of silicon nitride
ceramics for external partners. The Company presently manufactures
silicon nitride spinal implants in its FDA registered and ISO 13485
certified manufacturing facility for CTL-Amedica, the exclusive
retail channel for silicon nitride spinal implants.
For more information on SINTX
Technologies or its silicon nitride material platform, please visit
www.sintx.com
Forward-Looking Statements
This press release contains forward-looking
statements, including those relating to an external agreement with
another company, within the meaning of the Private Securities
Litigation Reform Act of 1995 (PSLRA) that are subject to a number
of risks and uncertainties. Risks and uncertainties that may cause
such differences include, among other things, the Company’s ability
to complete its obligations under the agreement; volatility in the
price of the Company’s common stock; the uncertainties inherent in
new product development, including the cost and time required to
commercialize such product(s); market acceptance of our products
once commercialized; our ability to raise additional funding and
other competitive developments. Readers are cautioned not to place
undue reliance on the forward-looking statements, which speak only
as of the date on which they are made and reflect management’s
current estimates, projections, expectations and beliefs. There can
be no assurance that any of the anticipated results will occur on a
timely basis or at all due to certain risks and uncertainties, a
discussion of which can be found in SINTX’s Risk Factors disclosure
in its Annual Report on Form 10-K, filed with the Securities and
Exchange Commission (SEC) on March 11, 2019, and in SINTX’s other
filings with the SEC. SINTX disclaims any obligation to update any
forward-looking statements. SINTX undertakes no obligation to
publicly revise or update the forward-looking statements to reflect
events or circumstances that arise after the date of this
report.
Contact:SINTX
Technologies801.839.3502IR@sintx.com
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