SALT LAKE CITY and PARIS - SINTX Technologies, Inc. (NASDAQ:SINT), a pioneer in advanced technical ceramics, has announced a new partnership with Prodways Printers SAS, a leader in the additive manufacturing industry. This collaboration, announced today, will focus on the supply of ceramic-filled printable slurries and the development of 3D printing processes for advanced technical ceramics, particularly in casting applications.
SINTX, with its subsidiary Technology Assessment and Transfer, Inc., will support Prodways by providing custom printable ceramic-filled resins and assisting in process development and customer support. The partnership aims to build an end-to-end workflow for 3D printing applications using ceramics.
The collaboration builds on SINTX's extensive experience in the field. The company has been 3D printing ceramics since 1998 and has evolved its processes from prototyping to full-scale production over two decades. SINTX's product offerings include components made from alumina, zirconia, and silica, and the company caters to various industries, having secured a multi-year supply agreement with a leading aerospace company in February 2024.
Prodways will leverage SINTX's expertise and qualified slurries with its latest MovingLight machine generation, which is designed to meet the rigorous demands of ceramic applications. The technology promises high resolution and a large build envelope while maintaining process scalability.
Ann Kutsch, General Manager of SINTX-Maryland, expressed confidence that the formal partnership would lead to breakthrough developments. Vincent Icart, CTO and COO of Prodways, also commented on the partnership's potential to enhance their end-to-end solution offerings for demanding ceramic printing applications.
Prodways Group reported a 2023 revenue of €75 million and serves various sectors, including the medical field.
SINTX Technologies is known for its development and commercialization of silicon nitride ceramics, with products implanted in humans since 2008. The company has manufacturing facilities in Utah and Maryland.
The information in this article is based on a press release.
InvestingPro Insights
Amidst the announcement of SINTX Technologies' collaboration with Prodways Printers SAS, investors are closely monitoring the financial health and market performance of SINTX. According to InvestingPro data, SINTX Technologies currently has a market capitalization of $4.96 million, indicating a relatively small size within the industry. Despite an impressive revenue growth of 68.29% over the last twelve months as of Q4 2023, the company's operating income margin during the same period was reported at -465.51%, reflecting significant operational challenges.
Investors should note that SINTX's stock has experienced high price volatility, as highlighted by one of the InvestingPro Tips. This could be of particular interest to those looking for short-term trading opportunities. Additionally, the company's stock performance over various timeframes has been concerning, with a 1-month price total return of -18.38% and a 3-month price total return of -85.17% as of the latest data. These metrics underscore the risks associated with investing in the company.
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