SINTX Technologies Provides Update on SINTX Armor
November 16 2021 - 9:00AM
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) (“SINTX” or
the “Company”), an original equipment manufacturer of advanced
ceramics, provided an update today on the launch of its newly
created and wholly-owned subsidiary SINTX Armor.
SINTX has signed a 10-year lease on a facility
near its headquarters in Salt Lake City, UT to house development
and manufacturing activities for SINTX Armor. All of the equipment
associated with the ceramic armor business previously located in
Dayton, OH has now been moved into the new facility. SINTX has
begun construction of the updates to the building’s infrastructure
to accommodate the new machines. Based on current construction
projections, SINTX expects to initiate equipment qualification in
December 2021 and to complete final qualification by mid Q1 2022.
Additionally, the first shipments of raw materials are expected to
arrive at the facility before the end of November.
Earlier this year, SINTX announced that it
entered the ceramic armor market through the purchase of assets
from B4C, LLC and a technology partnership with Precision Ceramics,
USA. In its new facility, SINTX will develop and manufacture pure
Boron Carbide, newly branded BoroShock, believed to be the highest
strength ceramic armor available, as well as a special, lower-cost
composite of Boron Carbide and Silicon Carbide, branded as
DuraShock. The high hardness of these ceramics can spread the
kinetic energy of projectiles and offer some of best
protection-to-weight ratio without impacting performance. Expected
applications for the high-performance ceramic armor plates are
personnel, aircraft, and armored vehicle uses.
Business development efforts around SINTX Armor
have ramped up with increased sales efforts in anticipation of
production kicking off in Q2 2022. Vice President of Business
Development at SINTX, Don Bray will focus entirely on industrial
and armor ceramics. SINTX expects revenue in the 2nd half of 2022
to increase related to the launch of SINTX Armor.
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 ceramic materials platform, 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: our 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 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 Content & PR The Summit Group
abarry@summitslc.com
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