SINTX Armor Ships First Order and Prepares for Move to Utah
August 25 2021 - 11:53AM
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) (“SINTX” or
the “Company”), an original equipment manufacturer of advanced
ceramics, announced today that its newly created and wholly-owned
subsidiary, SINTX Armor, will be located in Salt Lake City, Utah
and that it has signed a 10-year lease on a facility to house
development and manufacturing activities for SINTX Armor.
The building is located near the existing SINTX
headquarters which will allow its teams to seamlessly collaborate
and move between locations. SINTX plans to have the wholly-owned
subsidiary up and running in Salt Lake City by the end of 2021 and
has hired new employees to focus on developing the ceramic armor
business. In the meantime, SINTX has already shipped its first
prototype order of boron carbide torso plates to a company working
to supply new lighter-weight body armor to an agency of the U.S.
Government.
“The speed with which SINTX acquired
manufacturing equipment that was sitting dormant, to the successful
testing and shipping of the prototype order of boron carbide armor
plates from Dayton, Ohio is truly impressive,” said Dr. Sonny Bal,
President, and CEO, SINTX Technologies. “Credit goes to our
operational and engineering teams for this remarkable achievement.
The development of SINTX Armor will allow the company to gain a
foothold into the U.S. Department of Defense and law enforcement
segments and diversify our portfolio of advanced ceramic offerings.
The next step of re-locating the development and manufacturing
facilities to Salt Lake City will enable even quicker innovation
and help establish business operations more efficiently.”
SINTX Armor will manufacture pure Boron Carbide,
the highest strength ceramic armor available, as well as a special,
lower-cost composite of Boron Carbide and Silicon Carbide. Both
types of high-performance ceramics will be developed and
manufactured for personnel, aircraft, and vehicle armor.
About SINTX Technologies, Inc.
SINTX Technologies develops and commercializes
advanced ceramics for multiple markets. 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 powders and components in
its FDA registered, ISO 13485:2016 certified, and ASD9100D
certified manufacturing facility.
For more information on SINTX Technologies,
SINTX Armor, or its material platforms, please
visit www.sintx.com.
Forward-Looking Statements
This press release contains forward-looking
statements 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: before products can be
commercialized for protective armor use they must undergo rigorous
testing to establish effectiveness, such testing may be expensive
to carry out and take longer than expected; the 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; while we
are in preliminary discussions with potential collaborators; there
is no assurance that a final agreement to collaborate will be
reached in a timely manner or at all; we have no experience making
or selling ceramic products for use as armor, accordingly, we may
not be commercially successful in that market; 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 22, 2021, 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 Inquiries for SINTX:SINTX
Technologies801.839.3502IR@sintx.com
Media Inquiries for SINTX: Amanda Barry
Director of PR and ContentThe Summit Group abarry@summitslc.com
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