Tethon 3D announced a major acquisition: Technology Assessment & Transfer from SINTX Technologies.
Omaha-based Tethon 3D specializes in the manufacture of ceramic resins for 3D printing. They offer what is likely the broadest range of ceramics for additive of any company, and are often the only company supplying specific ceramic materials.
They are still a relatively small operation, but that could change with this acquisition. The deal involves SINTX Technologies divesting of their wholly The deal involves SINTX Technologies divesting its wholly owned subsidiary, Technology Assessment and Transfer. subsidiary, Technology Assessment and Transfer. Terms of the deal were not announced.
Tethon 3D CEO Trent Allen explained:
“With Tethon 3D’s resources and distribution network, TA&T can fully commercialize its technologies. This acquisition also enables the combined dual-use company to streamline efforts and expand its leadership in advanced ceramic manufacturing.”
President of TA&T Ann Kutsch added:
“At TA&T, we are committed to bridging the gap between the lab and marketplace. Tethon 3D’s acquisition ensures that commitment is stronger than ever. With the resources and expertise of Tethon 3D, we are well positioned to scale and enhance our impact in ways we couldn’t before. We are excited about this next phase of growth.”
This appears to be a way for Tethon 3D to dramatically upgrade their production capacity, market access and even add more products to their shelf. While we don’t know the specifics of the deal, if acquired at the right price this could be a way for Tethon 3D to significantly grow.
It also appears that the new company will now have dual headquarters, reflecting the locations of each of the original two companies.
That all makes sense for Tethon 3D, but what about SINTX Technologies? Why are they divesting of their manufacturing subsiduary, one that they acquired themselves only in 2022?
A quick look at the company’s stock price over the past five years suggests a possible reason. It seems that the company’s valuation has plummeted dramatically. The most recent news on the SINTX website is 18 months old, and they have no announcements.
However, in a press release, SINTX Technologies CEO Eric K. Olson said:
“This sale represents an important milestone in our strategic realignment. By divesting of these assets, we are fully committing our resources to the medical device market, where our expertise in advanced ceramics can have the greatest impact. This transaction not only enhances our financial flexibility but also supports our efforts to accelerate product development and commercialization efforts in healthcare.”
It appears that SINTX Technologies may be struggling financially and is cutting off non-core assets. That may hint that Tethon 3D could have obtained T&TA at a very good price.
Regardless of the circumstances, Tethon 3D is now a much larger player in the industry. Expect a lot more ceramic resin on the market.
Via Tethon 3D, SINTX, Technology Assessment & Transfer and Global Newswire
