SINTX TECHNOLOGIES AWARDED PHASE I CONTRACT FROM THE MISSILE DEFENSE AGENCY FOR ELECTROCHEMICAL MACHINING
December 21 2022 - 9:00AM
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) (“SINTX” or
the “Company”), an original equipment manufacturer of advanced
ceramics, announced today that is has received a Phase I contract
for $150K from the U.S. Missile Defense Agency (MDA;
https://www.mda.mil/) to enhance the performance of electrochemical
machining (ECM) of critical components for aerospace. The project
calls for SINTX to develop and demonstrate the unique advantages of
corrosion resistant, dielectric, insulating multilayer coatings
that will ultimately enable unprecedented tool life and exceptional
ECM machining performance. Corrosion-resistant insulated coated
tools made by ECM aim to lower costs and improve the quality of
precision-machined aerospace, automotive, medical, computer, and
consumer electronic components, thereby providing significant
opportunities for market growth. ECM is an iterative process and is
presently the most expensive element in advanced tool development.
Dielectric insulating coatings that extend tool life could
therefore generate significant cost advantages.
The proposal was originally submitted by
Technology Assessment and Transfer (TA&T), which is now a
wholly-owned subsidiary of SINTX. In the Phase I MDA contract,
SINTX will develop thin-sputtered alternating multilayers to
produce dense, pinhole-free coatings with lower residual stress and
reduced thermal conductivity, when compared to single-layer
coatings. The multilayer coatings will be deposited onto a
stainless-steel substrate. A partner, Voxel Innovations (VOXEL;
https://www.voxelinnovations.com/), will evaluate the corrosion and
durability performance of the coatings developed by SINTX. After
successful completion of the Phase I effort, SINTX intends to
pursue a Phase II contract, aimed at scaling up the technology
toward prototype development and technology demonstration.
“SINTX Technologies Inc., through its subsidiary
TA&T, has been developing high-temperature, multilayer coatings
for metals, ceramic matrix composites (CMC’s) and other
high-temperature materials for over 30 years,” said Dr. Sonny Bal,
President and CEO, SINTX Technologies. “We believe that this
concept has strong merit, and that the MDA contract will allow
SINTX to move the technology towards scale-up and
commercialization.”
The global micromachining market in the U.S
reached $2.5 B in 2019, and is expected to grow further (see:
https://www.grandviewresearch.com/industry-analysis/micromachining-market).
Increasing demand for precise machining of micro-components in
automotive, aerospace, healthcare, and consumer electronics is
driving market growth in three categories, namely, traditional,
nontraditional and hybrid. Of these, the non-traditional category
accounts for over 50% of sales because of the increasing demand for
technologies like electro-discharge machining (EDM),
electrochemical machining (ECM), and laser machining; this is the
segment targeted by SINTX in the MDA contract. The turbine engine
market, as an example, is expected to approach $1 trillion by 2031,
that growth is facilitating ECM-based development of
hard-to-machine titanium- and nickel-based superalloys.
The content included in this release is solely
the responsibility of the authors and does not necessarily
represent the official views of the U.S. Department of Defense.
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.
For more information on SINTX Technologies
or its advanced ceramics 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, including the expectation that additional orders
may be made and the growth of our business in the aerospace
segment. These risks and uncertainties, many of which are beyond
our control, 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 25, 2022, and in
SINTX’s other filings with the SEC. 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 or Media
Inquiries for SINTX:SINTX
Technologies801.839.3502IR@sintx.com
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