SINTX Technologies Achieves Placement on the Russell Microcap Index
June 09 2021 - 9:00AM
SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”)
(www.sintx.com), an original equipment manufacturer (OEM) of
silicon nitride ceramic for medical and non-medical applications,
announced today it has joined the Russell Microcap
Index. SINTX became a member of the Russell Investments family
of U.S. indexes upon its official reconstitution, made effective on
June 4.
The Russell Microcap Index is a valuable tool
for examining trends in smaller companies known as micro-caps.
The Index is completely reconstituted annually to ensure new and
growing equities are reflected and companies continue to reflect
appropriate capitalization and value characteristics.
The Russel Microcap Indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for active investment strategies. It is constructed
to provide a comprehensive and unbiased barometer for the microcap
segment trading on national exchanges. The index covers the
smallest stocks in the Russell 2000 with market caps between $50
and $300 million.
“Our inclusion in the Russell Microcap Index
demonstrates SINTX’s continued financial progress and strong
business strategy toward the development of silicon nitride
applications for antipathogenic, biomedical, and advanced ceramic
uses,” stated Dr. Sonny Bal, Chairman and CEO. “SINTX continues to
innovate with customers to develop applications such as wound
care and dressings, spinal and dental implants, consumer
facemasks, and more.”
For more information on the Russell Microcap
Index and the Russell indexes reconstitution, visit
ftserussell.com.
About SINTX Technologies, Inc.
SINTX Technologies is an OEM ceramics company
that develops and commercializes silicon nitride for medical and
non-medical applications. The core strength of SINTX Technologies
is the manufacturing, research, and development of silicon nitride
ceramics for external partners. The company presently manufactures
silicon nitride powders and components in its FDA registered, ISO
9001:2015 certified, ISO 13485:2016 certified, and AS9100D
certified manufacturing facility.
For more information on SINTX Technologies
or its silicon nitride material platform, 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. Risks and uncertainties that may cause such
differences include, among other things: placement of SINTX in the
Russell Microcap Index may not result in an increase in the
company’s share price or investment in the company’s securities by
investment managers or institutional investors; incorporation of
silicon nitride into personal protective equipment may not be safe
or effective; 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 additional 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 22, 2021, 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 Inquiries for SINTX:SINTX
Technologies801.839.3502IR@sintx.com
Media Inquiries for SINTX: Amanda Barry
Director of PR and ContentThe Summit Group abarry@summitslc.com
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