SINTX Technologies Regains Compliance With NASDAQ Minimum Bid Price Listing Requirement
14 July 2020 - 11:00PM
SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”),
an original equipment manufacturer (OEM) ceramics company focused
on silicon nitride and its applications is pleased to announce that
it has received a letter from the NASDAQ Listing Qualifications
Staff notifying the Company that it has regained compliance with
NASDAQ's minimum bid price requirements for continued listing on
the Nasdaq Capital Market. The letter noted that as a result of the
closing bid price of the Company's common stock having been at
$1.00 per share or greater for at least ten consecutive business
days, from June 22, 2020 to July 8, 2020, the Company has regained
compliance with Listing Rule 5550(a)(2) and the matter is now
closed.
About SINTX Technologies,
Inc.
SINTX Technologies is an OEM ceramics company
that develops and commercializes silicon nitride for medical and
non-medical applications. The core strength of SINTX Technologies
is the manufacturing, research, and development of silicon nitride
ceramics for external partners. The Company manufactures silicon
nitride material and components in its FDA registered and ISO 13485
certified facility.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (PSLRA) that are subject to a number of risks
and uncertainties. Risks and uncertainties that may cause such
differences include, among other things, that future studies may
not confirm the antiviral properties of silicon nitride; that
application of silicon nitride to products may not result in
products with antiviral properties; uncertainties inherent in
research and development, including the cost and time required
advance our products to regulatory submission; market acceptance of
our products once cleared and commercialized; our ability to raise
additional funding and other competitive developments. Readers are
cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date on which they are made
and reflect management’s current estimates, projections,
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 26, 2020, and in SINTX’s other filings with the SEC. SINTX
disclaims any obligation to update any forward-looking statements.
SINTX undertakes no obligation to publicly revise or update the
forward-looking statements to reflect events or circumstances that
arise after the date of this report.
Contact:SINTX
Technologies801.839.3502IR@sintx.com
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