Brief: SINTX Provides Strategic Update Significant Cost Reductions, Extended Cash Runway, And Exploration Of Strategic Partnerships

SINTX Technologies

05/09/2024 13:08

Sept 5 (Reuters) - SINTX Technologies Inc  SINT.O :
    * SINTX PROVIDES STRATEGIC UPDATE: SIGNIFICANT COST
REDUCTIONS,
EXTENDED CASH RUNWAY, AND EXPLORATION OF STRATEGIC PARTNERSHIPS
    * SINTX TECHNOLOGIES INC - INITIATED DISCUSSIONS WITH ITS
LESSORS,
WITH GOAL OF REDUCING COMPANY'S LEASE OBLIGATIONS BY END OF 2024
    * SINTX TECHNOLOGIES INC: LOWERING EXPECTED FUTURE ANNUAL
EXPENSES
BY APPROXIMATELY $5.8 MILLION
    * SINTX TECHNOLOGIES INC: REDUCED EXPENSES IN AN AMOUNT THAT
WE
BELIEVE WILL RESULT IN AN OVER 50% REDUCTION IN CASH USED IN
OPERATING EXPENSES
    * SINTX TECHNOLOGIES INC: COST-SAVING MEASURES WILL EXTEND
COMPANY'S CASH RUNWAY WELL INTO 2025

Source text for Eikon:  ID:nGNX324t7 
Further company coverage:  SINT.O 

 ((Reuters.Brief@thomsonreuters.com;))