Why Sintx Technologies Inc. (SINT) stock price fluctuated on Friday?

Sintx Technologies Inc. (SINT) shares declined 9.63% in after-hours on Friday, December 31, 2021, and closed the weekly trading at $0.58. However, in the regular trading session on Friday, SINT’s stock gained 0.61%. SINT shares have fallen 59.11% over the last 12 months, and they have moved down 8.30% in the past week. Over the past three months, the stock has lost 49.46%, while over the past six months, it has plunged 63.11%.

Let’s see is there any recent news or development about the company?

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SINT corporate update

On December 31, 2021, SINTX Technologies, Inc. (SINT) announced the retirement of Chief Scientific Officer, Dr. Bryan J. McEntire, after 17 years with the company.  The company also appointed Dr. Ryan Bock as Vice President of Research and Development to take on the leadership of SINTX’s R&D activities.

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SINT end of year business update

On December 08, 2021, SINTX Technologies, Inc. (SINT) provided an end of the year 2021 business update.

  • SINTX successfully launched a joint research collaboration with Drexel University, in November 2021, for the recently awarded National Institute of Health (NIH) Small Business Technology Transfer (STTR).
  • SINTX has also applied for several other grants, including one from the National Institutes of Health (NIH) for 3D printed craniomaxillofacial (CMF) devices and another from the Department of Defense (DoD) for the development of SINTX coating technologies to reduce the infection burden associated with high-risk implantable device applications.
  • The company has also completed proof-of-concept experiments to create a composite coating that integrates silicon nitride powder into Oxford Performance Materials, Inc. (OPM) proprietary polymer.
  • SINTX received full forgiveness of its Small Business Administration Paycheck Protection Program in the amount of $509,148.00.

SINT update about new subsidiary

On November 16, 2021, SINTX Technologies, Inc. (SINT) provided an update about its newly created and wholly-owned subsidiary SINTX Armor.

The company secured a 10-year lease near its headquarters for development and manufacturing activities for SINTX Armor. SINTX expects to complete the final equipment qualification by mid Q1 2022.

The company entered the ceramic armor market earlier this year,  through the purchase of assets from B4C, LLC and a technology partnership with Precision Ceramics, USA.

SINT ended the Patent license agreement with O2TODAY

On November 05, 2021, SINTX Technologies, Inc. (SINT) ended its Patent License Agreement with O2TODAY following O2TODAY’s delay in bringing a product to market.

In August 2021, the company announced to re-evaluate its agreement with O2TODAY. The development of antipathogenic mask and fabric technology using FleX SN-AP is important to SINTX as it is part of its broader business strategy to develop fabric applications. The Company will continue to work with other OEM partners to develop products utilizing its FleX products for masks as well as other products.

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Well, we had no major development, except some corporate updates. Hence its price just fluctuated on Friday. Let’s see how it performs on Monday?

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