SINTX Enters Ceramic Armor Market Through Purchase of Assets from B4C, LLC and Technology License from Precision Ceramics USA Inc.
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 that it
has entered an asset purchase agreement with B4C, LLC of Dayton,
Ohio, to acquire the equipment and technical processes required to
make ballistic armor plates. Separately, SINTX also entered into a
technology license agreement with Precision Ceramics USA Inc.
(precision-ceramics.com) to manufacture a ceramic composite for
defense armor applications.
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the full release here:
SINTX will support the development and
scale-up manufacturing of high-performance ceramic armor for use by
personnel, aircraft, and vehicles. (Photo: Business Wire)
Ceramic materials are an integral part of modern armor systems
because of their light weight and resistance to high velocity
projectiles. Governments worldwide are investing in novel ceramic
armor solutions to protect law enforcement and military personnel
as well as vehicles, aircraft, and ships against high-intensity
threats. B4C, LLC is a specialty producer of Boron Carbide, a
ceramic material used in the manufacture of protective body armor
plates. Precision Ceramics USA Inc. is an international expert in
technical ceramic component solutions.
Through its newly-created and wholly-owned subsidiary called
SINTX Armor, the Company plans to utilize a two-pronged strategy.
The assets acquired from B4C will be used to manufacture and market
pure Boron Carbide - the highest strength ceramic armor available.
These are designed to protect soldiers against hardened,
high-velocity projectiles, against which other materials are not as
effective. Additionally, SINTX will jointly develop and manufacture
a special, lower cost composite of Boron Carbide and Silicon
Carbide, under an exclusive license from Precision Ceramics USA
Inc. The composite material is targeted at the law enforcement and
civilian armor markets.
“The agreement with SINTX is exciting and will open new markets
for our respective businesses,” said Sohail Amer, Chairman of
Precision Ceramics USA Inc. “We are looking forward to combining
our industry and product knowledge with SINTX’s expertise in
materials science to create high-tech, innovative solutions that
are unmatched in today’s market. Precision Ceramics is committed to
working closely with SINTX to make this venture a success.”
“With equipment and expertise acquired from B4C, LLC, and the
license from Precision Ceramics in place, SINTX intends to apply
its material science expertise toward the development of personnel,
aircraft, and vehicle armor,” said Dr. Sonny Bal, President, and
CEO, SINTX Technologies. “This is a very significant
diversification of our products into the U.S. military, Department
of Defense, and law enforcement segments. All of us at SINTX take
particular pride at this opportunity and feel great responsibility
to protect and serve our fellow citizens who risk their lives for
Going forward, Don Bray, VP of Business Development at SINTX
will focus entirely on industrial and armor ceramics. SINTX expects
to hire additional personnel who will assume responsibilities in
the antipathogenic business segment as well as additional staff to
support the armor business as the Company transitions the assets
purchased in Dayton, OH to Salt Lake City, UT over the coming
Advisory services related to the B4C asset purchase were
provided by Ascendiant Capital Markets.
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.
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: 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.
version on businesswire.com: https://www.businesswire.com/news/home/20210722005275/en/
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