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SINTX Technologies (NASDAQ:SINT) Stock Attempts To Recover: Here is Why

Madison Hall , , , ,

Original equipment manufacturer of silicon nitride ceramic for medical and non-medical applications, SINTX Technologies (NASDAQ:SINT), on July 27, 2021 announced entering into an asset purchase agreement with B4C, LLC of Dayton, Ohio. This will entail acquisition of equipment and technical processes needed for making ballistic armor plates.

The firm also announced entering into a technology license agreement with Precision Ceramics USA for manufacturing ceramic composite for defense armor applications.

Globally, governments are investing in ceramic armor solutions for protecting military personnel as well as law enforcement people besides aircrafts,vehicles against threats.

The new subsidiary SINTX Armor will harness a two-pronged strategy. Assets needed from B4C will be utilised for manufacturing pure Boron Carbide – the highest strength ceramic armor available.

SohailAmer, Chairman of Precision Ceramics USA Inc, said that the agreement will open new markets for its businesses. He added that the company aims to combine industry and product knowledge with SINTX expertise to create innovative solutions for the markets.

Dr Sonny Bal, President, and CEO, SINTX Technologies, said that the company aims to apply its expertise for developing personnel, aircraft as well as vehicle armor. He added that it is a significant diversation of its products into U.S. military, Department of Defense, and law enforcement segments.

Don Bray, VP of Business Development at SINTX will be focusing on industrial and armor ceramics only and the company may hire additional personnel.

SINTX also confirmed first shipment of its new product, FleX SN-PEEK, which will be used in orthopedic implants. This product combines bioactivity of silicon nitride with properties of Zeniva PEEK, given by Solvay, global leader in materials, chemicals, and solutions.

Sonny Bal said that this is a huge milestone for the company and it aims to continue leveraging osteogenic and antipathogenic properties of silicon nitride for biomedical applications.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.