DRAPER, Utah, Dec. 10, 2012 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) today announced that it has received follow-up orders from long standing clients Bridgepoint and Intertek. The orders will be completed and shipped before the close of the year.
In addition to its order, Bridgepoint is promoting Flexpoint to Premier Vendor status, which will cement the relationship between the two companies for years to come. As a Premier Vendor, Flexpoint will also be eligible to expand the number of products it sells to Bridgepoint.
Bridgepoint has been a leading provider of solutions and supplies used for cleaning, deodorization, surface protection, and restoration chemicals for 30 years. The company is based in Salt Lake City, and has a nationwide distribution network. They use the Bend Sensor® in an air-flow monitoring device for a commercial floor dryer.
Intertek has placed an order for more seat sensors, which are used in its patented Protek Passenger Awareness system. Intertek and its award winning ambulance system, which utilizes Flexpoint's sensors as an essential element, will be profiled in the December 2012 issue of World Business Magazine. In response to the rise in injuries and fatalities that result from emergency vehicle crashes, national legislation has been proposed that would mandate inclusion of a system similar to Intertek's in all ambulances. The legislation could go into effect as early as 2013. This article is expected to bring considerable exposure to the system and provide momentum for the product."These orders contribute to Flexpoint's growing momentum heading into 2013. We are pleased to see follow-up orders from these two great partners. While we are concentrating on delivering several larger scale orders in the coming months, we believe business from repeat clients is a strong indicator of the benefits of our product," said Flexpoint CEO Clark Mower. "The size of the orders from both these companies seems to be increasing in both frequency and size, a very positive sign for the future. We look forward to rising to premier vendor status with Bridgepoint, and we are excited to see Intertek's system receive high-profile media exposure. These developments reflect the overall uptick in activity that we see among our partners and clients, and we anticipate that we will see that activity translate into large orders from multiple clients during the next few months." About Flexpoint:Flexpoint Sensor Systems (OTCBB:FLXT) is an innovative technology firm specializing in developing products that feature the Company's patented Bend Sensor ® and related technology. The Bend Sensor ® is a groundbreaking sensing solution that is revolutionizing applications in the automotive, safety, medical and industrial industries. The Bend Sensor's single-layer, thin film construction cuts costs and mechanical bulk while introducing a range of functions and stylistic design possibilities that have never before been available in sensing technology. Flexpoint's technology and expertise have been recognized by the world's elite business and academic innovators for over 17 years. The company is setting a new standard for sensing solutions in the "smart" age of technology. About BridgepointBridgepoint has been a leading provider of solutions and supplies used for cleaning, deodorization, surface protection, and restoration chemicals for 30 years. The company is based in Salt Lake City, and has a nationwide distribution network. They use the Bend Sensor® in an air-flow monitoring device for a commercial floor dryer. About IntertekIntertek Industrial Corporation in Jacksonville, Florida is a privately held company established in 1992. Intertek provides a diverse range of products to various industry segments with a concentration in Automotive Supplies. Forward-Looking StatementsThis press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results. Contact Information:Flexpoint Sensor Systems – Investor Relations Contact: Chris Mumford801-568-5111 Brokers and Analysts:Chesapeake Group410-825-3930
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts