SINTX TECHNOLOGIES ANNOUNCES ITS NEW UTAH ARMOR FACILITY IS FULLY OPERATIONAL
February 14 2023 - 9:00AM
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT; “SINTX” or
the “Company”), an original equipment manufacturer of advanced
ceramics, announced today that equipment installation along with
key renovations and upgrades to its SINTX Armor facility in Salt
Lake City are now complete. This milestone is the result of an
intensive effort by the SINTX team to upgrade the facility’s
infrastructure and install armor manufacturing equipment that was
acquired from Ohio-based B4C LLC.
SINTX Armor is a 10,000 square-foot facility
that can manufacture high-performance ceramic armor plates for
personnel, aircraft, and vehicles. Products include 100% boron
carbide (BoroShockTM), which is a high-strength material designed
to protect special forces against high-velocity projectiles.
Another product, DuraShockTM, is a composite of boron carbide and
silicon carbide that is designed to protect law enforcement
personnel.
SINTX’s BoroShockTM and DuraShockTM are advanced
material technologies that combine light weight with resistance to
projectiles. These features are desired in modern armor systems
that must balance high levels of protection against user comfort
and mobility. Ceramic armor products are in demand by defense and
law enforcement departments worldwide, especially since such
products have a finite shelf life, and as newer technologies offer
advantages over previous versions.
“SINTX Armor reiterates our commitment toward
meeting the global demand for protective ceramic armor,” said Dr.
Sonny Bal, CEO of SINTX. “Our expertise in advanced ceramics has
positioned us as a leader and innovator in the protective armor
industry well into the future.”
After the purchase of B4C LLC and a technology
collaboration with Precision Ceramics USA in 2021, SINTX Armor was
established as a subsidiary of SINTX Technologies. Since then,
SINTX Armor has encountered strong interest and received requests
from many customers to evaluate its products. SINTX Armor expects a
robust order book in the first half of 2023 and looks forward to
participating in the global ceramic armor market – which is
projected to reach USD $3.5 billion 2027.
For more information on SINTX Technologies or
its materials platform, visit www.sintx.com.
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About SINTX Technologies, Inc.
SINTX Technologies is an advanced ceramics
company that develops and commercializes materials, components, and
technologies for medical and technical applications. SINTX is a
global leader in the research, development, and manufacturing of
silicon nitride, and its products have been implanted in humans
since 2008. Over the past two years, SINTX has utilized strategic
acquisitions and alliances to enter into new markets. The Company
has manufacturing facilities in Utah and Maryland.
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 effectively manufacture
ceramic armor products, the market for and benefits of SINTX’s
ceramic armor products, SINTX’s ability to effectively compete in
the ceramic armor industry, and other statements that are not based
on historical fact. 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: 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.
Business and Media Inquiries for SINTX:SINTX
Technologies801.839.3502IR@sintx.com
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