SiNtx Technologies Inc (SINT)

[boston745]

NP Aerospace

As indicated in my previous post, NP Aerospace was divested from Morgan Ceramics in Nov 2018. Sintx officially enters the armor market July 2021 with the purchase of assets from B4C, LLC and license from Precision Ceramics. However Donald Bray was already hard at work beginning in April 2019 in getting Sintx setup to supply aerospace and defense components.

entered an asset purchase agreement with B4C, LLC of Dayton, Ohio, to acquire the equipment and technical processes required to make ballistic armor plates.

The assets acquired from B4C will be used to manufacture and market pure Boron Carbide - the highest strength ceramic armor available. These are designed to protect soldiers against hardened, high-velocity projectiles, against which other materials are not as effective. Additionally, SINTX will jointly develop and manufacture a special, lower cost composite of Boron Carbide and Silicon Carbide, under an exclusive license from Precision Ceramics USA Inc. The composite material is targeted at the law enforcement and civilian armor markets.

Incidentally NP Aerospace utilizes these exact materials for use in vehicle armor applications. Here is a quote from one of their patents listed materials used.

The outer ceramic armour layer 2 may be segmented armour and may comprise tiles or pellets of ceramic and the ceramic may be of any ballistically suitable type, including without limitation; alumina, silicon carbide, boron carbide, and composite ceramics. Typically the thickness is greater than 4 mm, but thickness depends on threat level.

NP Aerospace has manufacturing facilities in the UK & Canada but does not have manufacturing facilities in the US according to its website. It does have an office in Florida for US sales however.

We then have a Canadian facility, which is another composite manufacturing unit; we mainly manufacture body armour on that site, and we have just started to manufacture vehicle armour there as well. This is an area we are trying to grow into more over the coming months, particularly in terms of US contracts, so our partnership over there is very important. In total, for NP facilities we have about 120,000-square-feet, and partner facilities on top of that,” says David.

I do not know if the partnership is in reference to Sintx or not as NP Aerospace has multiple partner facilities it can tap to aid it handling influxes of manufacturing needed for larger orders. As Donald Bray is connected to NP Aerospace and came to Sintx to help setup this facility, it would not surprise me if Sintx was the partner being referenced here. I believe NP Aerospace wants to setup manufacturing facilities in the US so i could see it acquiring Sintx Armor subsidiary. Other scenarios ive mentioned is NP acquiring Sintx or using Sintx to help it go public via a reverse merger.

The reason i say NP acquiring Sintx or a reverse merger is a possibility is the fact that NP has an OEM medical division supplying components for medical beds as well as it supplies components for energy and transportation. These simple synergies could be the grounds for some sort of merger between the companies.

“We have diversified over the years, and extended our offering into the medical composites business, as well as some energy and transport type products. We found that offering a wider range of products has helped keep the company dynamic, as we have become more mature. That being said, we continue to have a heavy presence on the defence side of the business,” he adds.

The expansions we are forecasted to see in 2022 are likely to open up some opportunities for us in the long term, to do some really strategic acquisitions in key markets, which in turn will act as a catalyst for faster growth in certain regions. That potential is certainly there for us in the US, which is very exciting,” James concludes.

If M&A is to happen between these two companies i expect after the M&A event is finalized that Zimmer Biomets involvement with Sintx becomes more official and less behind the scenes as it is now


Quote Sources

https://ir.sintx.com/news-events/press-releases/detail/181/sintx-enters-ceramic-armor-market-through-purchase-of
https://www.freepatentsonline.com/9846013.html
https://manufacturing-today.com/news/np-aerospace/