SINTX Technologies: New Board Members Set Stage for Growth
SINTX Technologies Announces Board Revamp for Growth
Company positions for long-term growth in medical device markets.
Salt Lake City, UT – SINTX Technologies, Inc. (NASDAQ: SINT), an advanced ceramics company known for its focus on medical device applications, has announced significant changes to its Board of Directors. This strategic reconfiguration illustrates the company’s transition towards becoming a focused medical technology enterprise that aims to excel in the evolving healthcare landscape.
Key Changes to the Board
The latest changes include the retirement of the esteemed Dr. B. Sonny Bal, who has been a pivotal figure in the company’s journey. Additionally, Eric Olson, the company’s President and CEO, will take on the responsibilities of Chairman of the Board. SINTX is also welcoming five new directors who bring a wealth of experience across various facets of the medical technology sector.
Significance of New Leadership
Eric Olson expressed his enthusiasm about the new appointments, stating, “These changes represent an exciting inflection point for SINTX. Our new Board is composed of individuals with a robust blend of industry leadership and strategic insight, essential for executing our transformation and delivering long-term value for our shareholders.”
Retirement of Dr. B. Sonny Bal
Dr. Bal’s contributions to SINTX since 2012 have been incredibly influential. As the Executive Chairman from 2014, and previously the President and CEO from 2015 to 2024, his leadership was integral in positioning SINTX as a leading innovator in the field of biomaterials, particularly in silicon nitride’s applications in orthopedic and spinal solutions.
Appointment of Eric Olson as Chairman
As the new Chairman, Olson will maintain his role as President and CEO, harnessing his extensive background which involves a significant tenure as the CEO of Amedica Corporation, SINTX's predecessor. His strategic insight will be vital in guiding the company’s ongoing focus on developing cutting-edge medical technologies.
Introduction of New Board Members
SINTX has brought aboard several distinguished experts to enhance its board composition:
- Jay Moyes - The new Lead Independent Director, who has held significant roles in financial oversight and corporate governance, will add a critical layer of expertise in navigating the complexities of capital markets.
- Chris Lyons - With more than 35 years of experience, Lyons has a robust background in business development within the musculoskeletal and spine markets, providing invaluable insights into strategic growth initiatives.
- Robert (Bob) Mitchell - An executive leader with deep roots in global medical devices, his experience at Cook Medical and Align Technology will contribute greatly to SINTX's operational strategy and market approach.
- Mark Anderson - His extensive background at Boston Scientific equips him to influence SINTX’s strategic growth and market expansion effectively.
- Gregg Honigblum - A veteran director and financier, Honigblum has a history of supporting early-stage medical technology companies, and his continued involvement will ensure SINTX’s strategic vision remains aligned with market needs.
Olson remarked, “We are fortunate to welcome such a strong group of individuals to our Board. Their expertise will be instrumental in executing our strategic vision and delivering results for our patients, partners, and shareholders.”
About SINTX Technologies
Based in Salt Lake City, SINTX Technologies continues to lead in the research and development of silicon nitride for medical applications. With a commitment to innovation, SINTX is dedicated to transforming its material platform into advanced, commercially viable products designed to improve patient outcomes. The continued investment in technology and strategic partnerships underpin SINTX’s vision for the future.
For further inquiries, contact:
SINTX Technologies
801.839.3502
Email: IR@sintx.com
Frequently Asked Questions
What recently changed within SINTX Technologies' Board of Directors?
SINTX Technologies has appointed Eric Olson as Chairman and introduced five new board members with extensive experience in the medical technology field.
Who is the new Chairman of SINTX Technologies?
Eric Olson, who also serves as the President and CEO, has taken on the role of Chairman of the Board.
What will be the focus of the newly restructured Board?
The new Board aims to guide SINTX in executing its strategic vision, focusing on innovation in medical technologies and enhancing value for shareholders.
How has Dr. Sonny Bal contributed to SINTX Technologies?
Dr. Sonny Bal has been pivotal in establishing SINTX as a leader in biomaterials, guiding the company through its development phases since 2012.
What areas do the new board members specialize in?
The new board members bring expertise across various industries such as orthopedics, cardiovascular, business development, and commercialization strategies.
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