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SINTX Technologies to Explore Strategic Opportunities
Sintx TechnologiesSintx Technologies(US:SINT) Newsfilterยท2024-06-18 13:00

Core Viewpoint - SINTX Technologies, Inc. has initiated a process to explore potential strategic options aimed at maximizing shareholder value, driven by the need for additional investment and resources to support its growth in various markets [1][2]. Company Overview - SINTX Technologies is an advanced ceramics company specializing in the development and commercialization of materials, components, and technologies for medical and technical applications, particularly known for its silicon nitride products [12]. - The company has manufacturing and R&D facilities located in Salt Lake City, Utah, and Millersville, Maryland, and has been involved in the research and development of silicon nitride since 2008 [12]. Business Lines and Technologies - SINTX operates multiple business lines focused on technical materials, including FDA-approved silicon nitride ceramic spinal fusion devices and ceramic-polymer composites for medical implants [10]. - The company has unique capabilities in 3D printing technologies, including Digital Light Projection (DLP) ceramic additive manufacturing and proprietary resin formulations, which are applicable in various industrial and defense sectors [6]. - SINTX Armor, a subsidiary, is set to produce competitively priced body- and vehicle-protective armor products that have successfully undergone testing [6]. Strategic Process - The Board of Directors has not established a specific timeline for the strategic review process and will disclose further developments as deemed appropriate [7]. - Ascendiant Capital Markets, LLC has been retained as the exclusive strategic advisor to assist in this review process [11].