Sintx Technologies Inc Stock Price, News & Analysis

SINTX Technologies announced multiple U.S. and international patent applications focusing on the development of technologies utilizing silicon nitride for antipathogenic applications. Key patents include methods for the rapid inactivation of SARS-CoV-2, antipathogenic face masks, and systems for applying silicon nitride coatings. These innovations aim to enhance medical devices and address viral diseases, including COVID-19. SINTX underscores its commitment to leveraging silicon nitride's properties in improving medical device outcomes. The company operates an FDA registered and certified manufacturing facility.

SINTX Technologies, Inc. (NASDAQ: SINT) filed its 10-K for the year ended December 31, 2020. Despite COVID-19's impact, SINTX adapted its strategic plan, highlighting that its silicon nitride effectively inactivates the SARS-CoV-2 virus. Key investments were made in personnel, collaborations, and capital equipment. SINTX is focused on developing antipathogenic products and is optimistic about its future as it approaches its 25th year in business. A conference call is scheduled for March 30, 2021, to provide further updates.

SINTX Technologies has announced that its silicon nitride-embedded fabrics effectively inactivate the SARS-CoV-2 virus. Testing conducted by the University of Rochester demonstrated a 99.9% reduction in viral loads upon contact. These antiviral fabrics have potential applications in face masks, surgical gowns, and air filters. Unlike traditional masks that use metal additives, SINTX's fabrics are non-allergenic and non-toxic. The company is focused on scaling production to meet the global demand for antiviral protective equipment.

SINTX Technologies, Inc. (NASDAQ: SINT) announced the FDA submission of a Master Access File (MAF) for its new Silicon Nitride – Polyetheretherketone (PEEK) composite material (SN-PEEK). This innovative material combines the advantages of both silicon nitride and PEEK, aiming to enhance spinal fusion implants. With proven benefits such as faster bone healing and infection resistance, SN-PEEK targets the spine and craniomaxillofacial markets. SINTX continues to innovate and seeks to expand its customer base through this latest development.

SINTX Technologies has entered into a worldwide exclusive licensing agreement with O2TODAY to develop consumer masks integrated with SINTX’s silicon nitride, aimed at inactivating pathogens and combating COVID-19. The agreement spans two years with options for extension and entails a licensing fee and royalties based on sales. Both companies believe this partnership will position O2TODAY as a market leader in innovative masks. The demand for respiratory protection is projected to grow, with shipments expected to exceed 10 billion units by 2025.

SINTX Technologies celebrates its 25th anniversary in 2021, marking over 35,000 spinal implantations and leadership in silicon nitride manufacturing. The company focuses on three growth areas: antipathogenic applications, industrial uses, and biomedical opportunities. The pandemic increased demand for protective equipment, with the reusable mask market expected to reach $7.08 billion by 2027. SINTX plans to launch a consumer mask with antiviral properties in collaboration with O2TODAY. Additionally, the company targets a $174 billion industrial market with its silicon nitride innovations.

SINTX Technologies has provided a Q3 business update revealing revenues of $0.1 million for the quarter and $0.5 million for the year-to-date. Despite challenges from COVID-19, the company managed to avoid layoffs and even hired new staff. A significant reduction in losses was noted, with losses dropping from $0.68 per share in Q3 2019 to $0.11 per share in Q3 2020. The company is exploring new opportunities in medical and non-medical markets, including antipathogenic silicon nitride applications and aerospace components, following its AS9100D certification.

SINTX Technologies has entered a joint development agreement with Iwatani Corporation of America to integrate SINTX AP² silicon nitride powder into polymer materials. This collaboration aims to create antimicrobial surfaces for IT devices, potentially reducing the spread of respiratory diseases like SARS-CoV-2 and Influenza A. The development leverages promising data showing silicon nitride's effectiveness against viruses. Both companies plan to fund product development in both the U.S. and Japan. SINTX emphasizes this partnership as a significant step towards new product offerings and revenue generation.

SINTX Technologies has achieved AS9100D certification for its Quality Management System, allowing the company to supply components to the aviation, space, and defense markets. Certified by the British Standards Institute on October 28, 2020, SINTX's compliance with AS9100D enables listing in the OASIS database, used by major aerospace companies like Boeing and Lockheed Martin for supplier selection. In addition to AS9100D, SINTX maintains ISO 9001:2015 and ISO 13485:2016 certifications, underscoring its commitment to stringent quality standards across sectors.