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SINTX Technologies, Inc. (NASDAQ: SINT) is a pioneering advanced ceramics company, renowned for its development and production of medical-grade silicon nitride. This innovative biomaterial is not only ideal for spinal fusion applications but also boasts a variety of medical uses due to its unique nanosurface texture. This texture promotes bone growth, offers excellent imaging capabilities, and demonstrates antibacterial properties.
Originally known for its research, development, and commercialization of silicon nitride-based medical devices, SINTX has expanded its horizons. Today, the company is involved in a wide array of biomedical, technical, and antipathogenic applications. SINTX's biomedical products are celebrated for their biocompatibility, bioactivity, and exceptional bone affinity. Spinal implants made from SINTX silicon nitride have been successfully implanted in patients across the United States, Europe, Brazil, and Taiwan.
SINTX Technologies operates the only FDA-registered and ISO 13485 certified silicon nitride medical device manufacturing facility in the world. Their robust sales and distribution network underpins their commitment to delivering innovative healthcare solutions that significantly enhance patient quality of life.
In addition to medical devices, SINTX is actively engaged in developing solutions for various technical and antipathogenic applications. These efforts include the creation of advanced ceramic materials designed to meet the evolving needs of multiple industries.
- Core Business: Manufacturing of medical-grade silicon nitride and advanced ceramics for diverse applications.
- Recent Achievements: Successful implantation of silicon nitride spinal implants in multiple countries.
- Current Projects: Expansion into technical and antipathogenic ceramic solutions.
- Partnerships: Collaborations with healthcare providers and research institutions globally.
- Financial Condition: Continuously innovating to maintain a strong market presence and financial stability.
Stay updated with the latest news from SINTX Technologies, as they continue to push the boundaries of advanced ceramics and medical innovation.
SINTX Technologies held its annual meeting of stockholders on September 15, 2021, which was adjourned due to a lack of quorum. A majority of the outstanding shares entitled to vote was not present. The meeting is now rescheduled for October 13, 2021, at 10:30 a.m. MT. Stockholders of record as of July 26, 2021, are urged to vote by October 12, 2021. Approximately 44% of shares represented by proxies had been submitted. The company plans to further solicit votes and may incur additional costs if a quorum is not achieved at the adjourned meeting.
SINTX Technologies has established a new subsidiary, SINTX Armor, based in Salt Lake City, Utah, with plans to operate by the end of 2021. The company signed a decade-long lease for a facility that will focus on developing and manufacturing advanced ceramic armor, including boron carbide torso plates. This move aims to capture a share of the U.S. Department of Defense and law enforcement markets. SINTX has already shipped its first prototype order and aims to enhance innovation and operational efficiency in armor production.
SINTX Technologies announced the hiring of Joseph Palomo as Vice President of Business Development for its antipathogenic segment. The company is focusing on expanding its capabilities in manufacturing antipathogenic silicon nitride powders, with the AP2 and AP4 grades showing enhanced efficacy against pathogens, including SARS-CoV-2 variants. SINTX is pursuing U.S. EPA registration and has collaborations in place with European firms and universities. Additionally, ongoing research confirms silicon nitride's effectiveness in neutralizing various viruses, positioning SINTX for growth in protective textile applications.
SINTX Technologies (NASDAQ: SINT) has announced a reassessment of its exclusive Patent License Agreement with O2TODAY after O2TODAY revealed regulatory hurdles delaying the launch of its SiNPRO filters and masks. O2TODAY is refunding pre-orders due to these issues. SINTX is now considering a return to initial joint development efforts with O2TODAY as it seeks alternative routes to market its antipathogenic facemask technology. This is part of SINTX's broader strategy to develop various medical applications using silicon nitride.
SINTX Technologies announced the first shipment of its new FleX SN-PEEK product, launched on July 20, 2021, designed for orthopedic implants. This innovative composite material combines the bioactivity of silicon nitride with the established properties of Zeniva PEEK, enhancing bone healing and infection resistance. The product aims to improve surgical outcomes across various applications, including spine surgery and joint replacements. SINTX continues to expand its customer base in the biomedical market, leveraging its expertise in manufacturing silicon nitride ceramics.
SINTX Technologies (NASDAQ: SINT) announced the acquisition of equipment and processes from B4C, LLC for manufacturing ballistic armor plates. Additionally, SINTX signed a technology license with Precision Ceramics USA Inc. to create a ceramic composite for defense applications. The new subsidiary, SINTX Armor, aims to produce high-strength Boron Carbide and a cost-effective Boron Carbide-Silicon Carbide composite. This move diversifies SINTX’s product offerings into military and law enforcement markets, addressing growing demand for advanced armor solutions.
SINTX Technologies (NASDAQ: SINT) announced a significant milestone by shipping its first batch of FleX SN-AP antipathogenic silicon nitride powder to O2TODAY for use in face masks and filters. This marks the next phase of their collaboration established during the COVID-19 pandemic. O2TODAY plans to begin limited pre-orders for these products on July 6, 2021. The agreement includes a two-year technology license, allowing exclusive use of SINTX's technology in these applications, promising potential royalties from product sales.
Oxford Performance Materials (OPM) and SINTX Technologies (NASDAQ: SINT) announced a collaboration to develop a new poly-ether-ketone-ketone (PEKK) silicon nitride composite using OPM’s patented casting technology.
This partnership aims to enhance medical implants' biological response and reduce infection rates, potentially leading to faster recovery and improved patient outcomes.
Both companies emphasize their shared focus on nanotechnology and surface technologies, suggesting that this collaboration could yield innovative products in the biomedical field.
SINTX Technologies, Inc. (NASDAQ: SINT) has been included in the Russell Microcap Index, effective June 4, 2021. This inclusion recognizes SINTX's financial progress and its focus on silicon nitride applications in biomedical and commercial markets. The Russell Microcap Index serves as a benchmark for institutional investors to evaluate micro-cap stocks with market caps between $50 and $300 million. CEO Dr. Sonny Bal emphasized that this achievement reflects SINTX's innovation in developing products like wound care, spinal and dental implants, and consumer facemasks.
SINTX Technologies announced the launch of its new FleX SN product line, expanding from monolithic spinal implants to various silicon nitride technologies. These products target biomedical and antipathogenic applications, including wound care and spinal implants, building on a proven safety record from over 40,000 surgeries. The rebranding also includes a redesigned website and the submission of a trademark application for FleX SN. The company aims to broaden its market focus in biomedical and industrial sectors.
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