SINTX Technologies Inc (NASDAQ: SINT) is running for the top in the market this morning, trading on gains of more than 60% early on. The gains come after the company announced that it is seeking dental partnerships. Here’s what’s going on:
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SINT Stock Is Rocketing As It Seeks Dental Partnerships
In a press release issued early this morning, SINTX Technologies, announced that it has retained Ascendiant Capital Markets LLC, a member of FINRA and SIPC. Ascendiant has been retained as an investment bank and advisor with the goal of identifying strategic opportunities in the dental space.
SINT, a company that develops and commercializes silicone nitride for medical and non-medical applications, said that it has made several accomplishments over the past nine months. In particular, the company has made further advancements in its portfolio of dental technologies.
In the release, the company said that these advancements go beyond the manufacturing and development of dental implants made from its silicone nitride. As a result, the company sees opportunities to pursue a wide range of partnerships.
The company said that the new technologies include extensive work on zirconia dental implants as well as the 3-D laser surface functionalization of both titanium metal, and zirconia ceramics used to make modern dental implants.
In a statement, Dr. Sonny Bal, CEO and President at SINT, had the following to offer:
.With these new technologies, all of the desirable attributes of silicon nitride can be applied to other, proven materials that are used to make structural dental implants. The two key properties that differentiate silicon nitride are surface resistance to oral bacteria, and enhanced biologic fixation to bone; both of which have been corroborated by testing done at SINTX, and by multiple, independent outside partners.
This Could Lead To Strong Revenue Growth
This news is very important for SINTX Technologies and its investors. First and foremost, with the advancements that the company has made in the dental space, its products are more likely to be used in more applications, opening the door to revenue growth.
Moreover, if the company can secure a strong partner, the potential here can be even larger. Think about it, if a mainstream dental partner were to pick up the product line from SINT, we could see a strong increase in sales.
While it wasn’t mentioned in the release, I also have to wonder if the company is looking into potential merger and acquisition opportunities. Considering recent news and the current valuation, the company may may a strong takeover target. Of course, if a takeover were to happen, SINT investors would see an immediate and substantial increase in value.
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