Lets apply Implex total acquisition price to Sintx based on Ortho + Dental only (markets Implex could sell products into) based on current market value despite those markets being significantly larger than back in 2003. We will also not take into account the fact Si3N4 potential penetration within ortho far exceeds that of Implex's Hydrocel. Just simple apples to apples. Ortho + Dental markets are now valued around $69bn. I proportionally adjust value for each market based on those market sizes compared to ortho+dental market. This is not how valuations are done, its only meant to be illustrative to help visualize Sintx IP true value.
Total Estimated value for Sintx IP for the above markets : $920m valuation
Below I total several market valuation for several potential markets that Sintx could sell product into including markets in the above list. Based on 330bn total market size multiplied by only 5% average penetration rate across all those markets and a 5% licensing fee. Thats revenue of : $825m a year.
Based on that very conservative projection, that revenue level justifies a market valuation of multi-billion dollars far exceeding the valuation i put together above. That said, it would take years and tens of millions possibly over hundred of million in total for Sintx to bring products to above markets with its partners. Still as the above list does not encompass every market Sintx could sell into with its proprietary materials.
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Markets Si3n4/Sintx Ceramics can be used in (not comprehensive)