This Day On The Street
Continue to site
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

Growth In Product Portfolio And Revenues For Flexpoint

DRAPER, Utah, Feb. 6, 2013 /PRNewswire/ --  Flexpoint Sensor Systems, Inc. ( OTCQB: FLXT) today discussed the developmental history, current status, and revenues associated with its portfolio of commercial applications.

For a number of years Flexpoint was considered a research and development company with a unique sensor technology, but without any commercialized products. A conscious decision was made to target some smaller industries, develop specific products for those industries and market those products.  The last couple of years Flexpoint has been focused on building a number of smaller sensor products which have been commercialized products to get the Bend Sensor ® technology before the public and potential customers.  The success of this effort placed us in a position where our technology has been accepted in a variety of different industries.  This validation by multiple companies of the feasibility, reliability and cost effectiveness of our sensors and its numerous applications has created a platform where we are now able to pursue the larger contracts.  What is particularly exciting is that this momentum has been built on several different products and with a variety of different Companies. We expect revenues from these products to grow as we develop and market the sensor to other larger industries. We are now in position to realize the rewards of those efforts. 

2012 saw the completion of a burst disc application for industrial systems. This project has taken over three years to complete development and required governmental certifications and represents a significant breakthrough in the industrial sector for Flexpoint. Our customer has indicated that initial volumes for this product will be approximately 8,000 units annually. Revenues from this application are expected to ramp up in the coming years as additional products are completed and offered through Flexpoint's partner.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,578.47 -76.30 -0.46%
S&P 500 1,982.17 -5.49 -0.28%
NASDAQ 4,811.9440 -0.7640 -0.02%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs