SINTX Technologies Acquires Technology Assessment and Transfer, Inc.
July 06 2022 - 9:00AM
Business Wire
The Acquisition Broadens Opportunities for
SINTX in Aerospace, Defense, and Biomedical Markets
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) (“SINTX”
or the “Company”), an original equipment manufacturer of advanced
ceramics, announced the acquisition of Technology Assessment and
Transfer, Inc. (TA&T; https://www.techassess.com/),
significantly increasing SINTX’s capabilities in the aerospace,
defense, and biomedical markets.
“We are excited to acquire TA&T and take another step
towards diversifying and strengthening SINTX,” said Dr. Sonny Bal,
President and CEO of SINTX. “TA&T will expand our use of
advanced manufacturing technologies and introduce new ceramic
material platforms to the SINTX portfolio. We expect the
acquisition to bring immediate revenue to SINTX via TA&T’s
well-established relationships with commercial partners and the
U.S. government.”
TA&T, based in Maryland, is a nearly 40-year-old advanced
ceramics business that specializes in developing and
commercializing a broad array of innovative materials for defense,
biomedical, and industrial applications. The company’s technologies
and products include 3D printing of ceramic medical devices and
heat exchangers, chemical vapor infiltration and deposition of
complex fiber-reinforced ceramic-matrix composites, and hot
pressing of transparent armor and other technical ceramics.
TA&T has a long track record of successfully winning research
contracts and grants from the U.S. government and commercializing
its innovative technologies.
As an example of TA&T’s innovation, ceramic heater bodies
developed, designed, and manufactured by TA&T are a part of the
Sample Analysis on Mars (SAM) instrument suite on board the
Curiosity Rover (https://mars.nasa.gov/msl/home/). These oven
heater bodies were manufactured by TA&T using Ceramic
Stereolithography, a form of 3D printing and additive
manufacturing, and can withstand the extreme temperatures of more
than 1,500°F that are required to heat soil samples on Mars in
hopes of detecting signs of life. TA&T was selected by NASA to
make these parts because of the prohibitive cost of traditional
manufacturing techniques.
“Technology Assessment and Transfer is excited about the
opportunity that the SINTX acquisition provides for product growth
in commercial, aerospace, and medical applications,” said Dr. Larry
Fehrenbacher, Co-Founder and President of TA&T. “The blend of
federally-funded innovative technologies and SINTX’s business
acumen is a compelling synergistic formula for future success.”
Dr. Mark Patterson, who worked with TA&T previously, and is
currently Principal Scientist at Kratos SRE, commented that “In my
view, the acquisition of TA&T by SINTX represents a significant
opportunity to leverage complementary cultures and capabilities in
the areas of advanced ceramics and innovation. TA&T has a long
history of developing unique processes and ceramic materials for
space, defense and commercial markets, and the company was an early
developer of additively manufactured ceramic components for new
ceramic markets. SINTX has complementary capabilities in biomedical
devices and ceramic armor, with access to capital markets and
organizational skills that will greatly help to mature and
transition these technologies. I am excited to see what will come
from this promising synergy, and hope that we will get to
experience more ceramic products transitioned to end users.”
Ascendiant Capital Markets LLC served as the sole M&A
Advisor on the transaction.
About SINTX Technologies, Inc. SINTX Technologies is an
OEM ceramics company that develops and commercializes advanced
ceramics for medical and non-medical applications. The core
strength of SINTX Technologies is the manufacturing, research, and
development of ceramics for external partners. The Company
presently manufactures silicon nitride powders and components in
its FDA registered, ISO 13485:2016 certified, and ASD9100D
certified manufacturing facility.
For more information on SINTX Technologies or its advanced
ceramics material platforms, please visit www.sintx.com.
About Technology Assessment and Transfer, Inc. Technology
Assessment and Transfer, Inc. (TA&T) is a high technology small
business that specializes in development of advanced,
materials-oriented technologies for aerospace, defense, bio-medical
and industrial applications. TA&T uses government research
grants to support advanced technology research and development
innovations and commercialize via limited production, technology
licensing and cooperative partnerships. TA&T provides a host of
services that includes 3D printing, PVD-CVD coatings, material
processing-CMCs, CIP, PS, HP, HIP and material characterization for
powders and finished parts-TGA/DSC, PSD. SA, Dilatometry, UV-VIS
and FTIR transmission, haze and clarity.
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (PSLRA) including, but not
limited to, statements regarding SINTX’s ability to achieve
revenues through its operation of TA&T, to expand its use of
advanced manufacturing technologies, and, to introduce new ceramic
material platforms to the SINTX portfolio. Such forward-looking
statements are subject to a number of risks and uncertainties that
may cause actual results to differ from current expectations. Risks
and uncertainties that may cause such differences include, among
other things: integration of the businesses of each of SINTX and
TA&T, SINTX’s products may not prove to be as effective as
other products currently being commercialized or to be
commercialized in the future by competitors; risks inherent in
manufacturing and scaling up to commercial quantities while
maintaining quality controls; volatility in the price of SINTX’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; SINTX’s ability to raise 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 25, 2022, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220706005309/en/
Business Inquiries for SINTX: SINTX Technologies
801.839.3502 IR@sintx.com
SiNtx Technologies (NASDAQ:SINT)
Historical Stock Chart
From Mar 2024 to Apr 2024
SiNtx Technologies (NASDAQ:SINT)
Historical Stock Chart
From Apr 2023 to Apr 2024