Salt Lake City, October 14, 2021 (Global News Agency)-SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) ("SINTX" or "Company"), an advanced ceramics company OEMs today announced preliminary revenue results for the third quarter of 2021 and new revenue expectations for outstanding orders for advanced ceramic prototypes in the fourth quarter of 2021.
The estimated revenue for the third quarter of 2021 is approximately $240,000, which is higher than the revenue for the first and second quarters of 2021. Revenue comes from three business areas, including monolithic silicon nitride for spinal implants and SN-PEEK for spinal implants, silicon nitride powder anti-pathogen fabric applications for spinal implants, and Boron carbide torso plate for armor.
SINTX expects a new source of revenue in the fourth quarter. We expect to fill in advanced silicon nitride for individual aero engine and rocket components, FleX SN powder for anti-pathogen fabrics, and industrial carbonization through several open prototype orders. Boron application.
SINTX continues to expand and gain momentum in its key business areas, and looks forward to providing business updates after the release of the quarterly report on Form 10-Q for the third quarter of 2021.
SINTX Technologies is an OEM ceramic company that develops and commercializes advanced ceramics for medical and non-medical applications. The core advantage of SINTX Technologies is the manufacture, research and development of ceramics for external partners. The company currently produces silicon nitride powder and components in its FDA registered, ISO 13485:2016 certified and ASD9100D certified manufacturing plant.
For more information about 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), which are subject to many risks and uncertainties. The risks and uncertainties that may cause such differences include: Our products may not prove to be as effective as other products currently being commercialized or that will be commercialized by competitors in the future; while maintaining quality control, manufacturing and expanding to commercial Risks inherent in quantity; fluctuations in the price of SINTX common stock; uncertainties inherent in the development of new products, including the cost and time required to commercialize such products; our products are accepted by the market once they are commercialized; SINTX raises Capital and other competitive development capabilities. Readers are cautioned not to rely too much on forward-looking statements, which are only published on the date they are made and reflect management’s current estimates, forecasts, expectations and beliefs. Due to certain risks and uncertainties, there is no guarantee that any expected results will occur in time or at all. Discussions about these risks and uncertainties can be found in the risk factor disclosures in the SINTX Form 10-K Annual Report. Submit other documents submitted to the U.S. Securities and Exchange Commission (SEC) on March 22, 2021, and other documents submitted to the SEC by SINTX. SINTX assumes no obligation to update any forward-looking statements. SINTX assumes no obligation to publicly modify or update forward-looking statements to reflect events or circumstances that occurred after the date of this report.
SINTX business consulting: SINTX Technologies 801.839.3502 IR@sintx.com
SINTX Media Consultation: Amanda Barry Director of Content and Public Relations The Summit Group abarry@summitslc.com
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