This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Flexpoint Completes Color Flow Product

Stocks in this article: FLXT













DRAPER, Utah, June 11, 2012 /PRNewswire/ --  Flexpoint Sensor Systems, Inc. (FLXT) today announced that development of a flow sensor for a color paint dispenser is complete and an annual contract is expected for the application. The sensor is built to withstand harsh manufacturing conditions and opens the door to a broad range of industrial applications.  

Flexpoint head engineer Dave Beck completed custom work on a flow monitor for a major international company's color application product. This application posed unique challenges due to its small size, mechanical configuration and exposure to high temperatures, but Beck overcame these obstacles, and has sent the product for final client approval.  It is expected that approval will come during the third quarter of this year.

The color dispenser is only one of a variety of applications for this sensor, which can now be easily adapted for numerous industrial and manufacturing uses.    

"We anticipate a solid ongoing contract for approximately 20,000 Bend Sensors annually for this product," said Flexpoint President Clark Mower. "This contract will help us promote the Bend Sensor as a cost effective and versatile solution for future clients in lucrative industrial and mechanical applications. We are excited to add another commercial application to our growing resume; particularly one that has stable, ongoing volumes associated with it. With this sensor, we gain entry into markets with high revenue potential."

Mower also announced that he and Beck will be traveling late this month for a pivotal meeting with a Fortune 500 American truck manufacturer that is expected to yield a major contract.

"This meeting should significantly advance our work on a long awaited contract with a major manufacturer," Mower said. "We have been well represented with this company by an industry insider and feel very good about our outlook with them."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,390.32 -288.38 -1.63%
S&P 500 2,033.03 -24.06 -1.17%
NASDAQ 4,696.9260 -74.8370 -1.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs