SINTX TECHNOLOGIES SIGNS AGREEMENT TO ENTER KOREAN TECHNICAL CERAMICS SECTOR
May 29 2024 - 9:00AM
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT; “SINTX” or
the “Company”), a manufacturer and developer of advanced ceramic
materials and related technologies, announced today that it has
entered into a 5-year strategic agreement with Myosung Co., Ltd,.
Myosung is one of several companies created and managed by their
Founder and Chairman, Dr. Lee Boo Rak, from the Republic of Korea.
Under the strategic agreement, Myosung will represent SINTX’s
interests within Korea in terms of identifying and cultivating
prospective clients with interest in technical ceramic products
& services.
“Dr. Lee Boo Rak has a very well-known career
background and excellent reputation within Korea. He has made
significant contributions within several industries, including
medical technology and robotics. We could not ask for a better
partner to help us in our international expansion efforts,” said
Dave O’Brien, EVP & COO for SINTX. “We look forward to this
partnership with Myosung and expect that it will generate
significant new business for SINTX, particularly within the medical
technology sector. The international markets are of growing
importance for SINTX as we move forward.”
“SINTX has a unique and highly differentiated
product offering within the technical ceramics industry. We’ve been
very impressed with them in our various collaborations such that we
wanted to support them in entering the Korean marketplace. There
are many opportunities in Korea for a company such as SINTX. We
expect the collaboration will be highly successful and will lead to
strong growth for both organizations,” said Dr. Lee Boo Rak,
Founder and Chairman of Myosung.
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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 several 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 materials
platform, 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), including, but not limited to,
statements regarding SINTX’s ability to effectively manufacture
ceramic products, the market for and benefits of SINTX’s ceramic
products, SINTX’s ability to effectively compete in the ceramic
industry, that the Myosung strategic agreement will generate
significant new business for SINTX, 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 27, 2024, 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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