Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) ( http://www.flexpoint.com) today announced they have received two initial orders for their recently announced new universal sensor. Production and delivery are expected to take place during September. Clark Mower, President of Flexpoint, stated, “We are excited to be able to announce the receipt of these two initial orders. Both orders are from Companies that intend to significantly expand usage of the new sensors in their business uses and products. We expect through this initial interest that we will receive recurring and increasing orders from both of these customers and to receive and announce additional orders from additional current as well as new companies. These orders are an immediate validation of the recently developed sensor and integrated housing utilizing the patented Bend Sensor ® for use in multiple seat related applications. “Due to the high volume of additional questions generated concerning yesterday’s release we thought it appropriate to better define the product and its impact. Our company currently has product sales with 13 separate companies on various seat sensor products. These industries range from theater seats to emergency vehicles as well as the automobile and trucking industries. Historically, we have needed to develop and customize the sensor style and size for each individual customer. By developing a universal casing and sensor system, we now have one product that has multiple applications. This is extremely beneficial from an operational and margin standpoint and the product allows us to mass produce and stock the sensor so that it can be delivered to our end users very quickly. Based on initial interest and the fact that our customers actually pushed us to develop this specific product, the company believes this product could grow to generate millions of dollars in annual revenues. From the last announcement, we have a number of customers who have been waiting for completion of the development of this sensor and expect sales to escalate quickly. Prior to the end of September, we should also be able to announce a new marketing partner for this specific product which will help accelerate the sales of this universal sensor.”
About FlexpointFlexpoint Sensor Systems (FLXT) is a leading supplier of thin film sensing technology to many industries, including automotive, medical, industrial controls, and consumer products. Flexpoint manufactures a patented new flexible sensor that has also proven to be an extremely durable switch. The single layer Bend Sensor product allows for the measurement of mechanical movement, air flow, water flow, or even vibration. In addition, it has been tested to over 35 million cycles without failure. It can be used as a range of motion sensor, or as a very durable, very reliable switch in most harsh environments. The breadth of applications for our sensor is limited only by one's imagination.
- About the Bend Sensor: www.flexpoint.com/companyInfo/bendSensor.htm
- Brochure: www.flexpoint.com/technicalDataSheets/FlexpointBrochure1.pdf