SINTX TECHNOLOGIES SIGNES AN AGREEMENT TO ENTER THE KOREAN TECHNICAL CERAMICS SECTOR

SALT LAKE CITY, May 29, 2024 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT; “SINTX” or the “Company”), a manufacturer and developer of advanced ceramic materials and related technologies, today announced that it has entered into a 5-year strategic agreement with Myosung Co., Ltd,. Myosung is one of several companies created and managed by founder and CEO Dr. Lee Boo Rak from the Republic of Korea. Under the strategic agreement, Myosung will represent SINTX’s interests in Korea in identifying and acquiring potential customers interested in technical ceramic products and services.

“Dr. Lee Boo Rak has a very well-known professional background and an excellent reputation in Korea. He has made significant contributions to several industries, including medical technology and robotics. We couldn’t have asked for a better partner to help us in our international expansion efforts” – said Dave O’Brien, vice president and chief operating officer of SINTX. “We are excited about the partnership with Myosung and expect it to generate significant new business for SINTX, especially in the medical technology sector greater importance for SINTX.”

“SINTX has a unique and highly diversified product offering in the technical ceramics industry. We were very impressed by our various collaborations, so we wanted to support them in entering the Korean market. There are many opportunities for a company like SINTX in Korea. We expect that the cooperation will be very successful and will lead to strong development of both organizations,” said Dr. Lee Boo Rak, founder and president of Myosung.

###

About SINTX Technologies, Inc.

SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components and technologies for medical and technical applications. SINTX is a world leader in silicon nitride research, development and production, and its products have been implanted in humans since 2008. Over the past few years, SINTX has leveraged strategic acquisitions and alliances to expand into new markets. The company has manufacturing facilities in Utah and Maryland.

For more information about SINTX Technologies and the materials 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), including, without limitation, statements regarding SINTX’s ability to successfully manufacture ceramic products, the market for and benefits of SINTX ceramic products, the ability SINTX to compete successfully in the ceramics industry, that the strategic agreement with Myosung will generate significant new business for SINTX and other statements that are not based on historical facts. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ from current expectations. The risks and uncertainties that may result in such differences include, but are not limited to: SINTX products may not prove to be as effective as other products currently on the market or that may be commercialized by competitors in the future; risks inherent in manufacturing and scaling to commercial quantities while maintaining quality control; price volatility of SINTX common stock; uncertainties inherent in developing a new product, including the cost and time required to bring such product(s) to market; market acceptance of our products after commercialization; SINTX’s ability to raise funds and other competitive solutions. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made and reflect management’s current estimates, forecasts, 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 27, 2024 and in other SINTX documents filed with the SEC. SINTX undertakes no obligation to update any forward-looking statements. SINTX undertakes no obligation to publicly revise or update forward-looking statements to reflect events or circumstances that occur after the date of this report.

Business and media inquiries regarding SINTX:
SINTX Technologies
801.839.3502
[email protected]