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Replies to post #42459 on SiNtx Technologies Inc (SINT)
Resignations of Directors
B. Sonny Bal, David Truetzel, Jeffrey White, Eric Stookey and Mark Froimson resigned as a director on the Board effective April 3, 2025. Mr. Truetzel was Chair of the Audit Committee and a member of the Compensation Committee and Nominating and Governance Committee, Mr. White was Chair of the Compensation Committee and a member of the Audit Committee and Nominating and Governance Committee, Mr. Stookey was Chair of the Nominating and Governance Committee and a member of the Audit Committee and Compensation Committee. Their decision to resign was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices (financial or otherwise).
We also lease a 10,936 square foot facility located in Salt Lake City, Utah. This facility houses our Armor equipment. We occupy this facility pursuant to a lease that expires in October 2031.
Therefore, we are developing new manufacturing technologies and new product candidates including our new ceramic armor products.
We expect to incur additional research and development costs as we continue to develop new medical devices, industrial and ceramic armor products
There are two main businesses in NP Aerospace: the first focuses on composites and armor systems (CAS), while the other is a vehicle system services and spares (VSSS) business. Our CAS business is primarily dedicated to manufacturing protective armor for soldiers, law enforcement officers and vehicles, including hard body armor plates, ballistic helmet shells, Explosive Ordnance Disposal suits, vehicle armor, and other products related to survivability. Within that business, we also create commercial composites for sectors such as energy and transportation, with one of our bigger product lines being medical composites, within which we fabricate radiology beds for cancer treatment.
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