Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com announced that they have received a development order and funding for completion of a customized product for the US Military. The order is the direct result of earlier development and prototypes which have been successfully tested by the organization, and the agency has received approval and funding for advanced development of the product. This product has wide application and appears to be something that can be utilized by all branches of the military. Work on the project has begun. The project has been fast tracked and should be available to the troops during 2012. Clark Mower, President of Flexpoint stated, “We are excited to be associated with the military in the development of another product featuring sensors utilizing our patented Bend Sensor ® technology. We anticipate that successful development and testing of this application will open the door for development and acceptance of additional military products in the future.” Mower further stated, “While we are pleased to receive funding for this product, it is just one of the many innovative products that the Company is currently working on. We understand that shareholders would like more specifics on the exact nature of the products, timelines and total revenues the company will receive. As the products reach full rollout in the coming quarters we will be able to discuss them in more detail."
- About the Bend Sensor: www.flexpoint.com/companyInfo/bendSensor.htm
- Brochure: www.flexpoint.com/technicalDataSheets/FlexpointBrochure1.pdf