Flexpoint Announces
Production under New
Purchase Orders
November 19, 2009 8:00
AM ETDRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems Inc. (OTCBB:FLXT ) today
announced receipt of two
new production purchase
orders.
These two unique,
unrelated products have
been developed by
Flexpoint with the
assistance of two
different companies.
Both products feature
Flexpoint’s patented
Bend Sensor® technology
and show the versatility
and adaptability of the
Bend Sensor®. The first
production order
involves the use of the
sensor as an air-flow
flow monitor in a
commercial device. The
second application is as
a controller in a
product that will be
utilized in major theme
parks worldwide.
The company believes
that both of these
products, once produced
and put into operation,
will lead to additional
ongoing purchases of the
sensors and will develop
additional sensor
business for the Bend
Sensor®. Production and
delivery of both
products are scheduled
before year end.
Clark Mower,
President of Flexpoint
Sensor Systems, stated,
“We are pleased to be
able to announce these
two additional
production products.
This year the company
has been focused on
developing smaller
production contracts
that will introduce
products into the market
and produce recurring
orders for the company.
These products are two
of many the company is
currently developing.”
Mower further
explained, “This new
direction is mainly in
response to the
economical downturn that
the country has been
going through. While the
company is still
pursuing larger
contracts, such as those
experienced in the
automotive industry,
because of the long lead
time required for
acquiring these large
contracts, we felt that
we should also pursue
smaller contracts that
could be realized in a
much shorter time frame.
The Company sees these
two contracts as the
first step in that
process.”
Flexpoint Sensor Systems, Inc.
Manufacturers a patented cutting edge 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. It can be used as a range of motion sensor, or as a durable, & reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls & more.
Forward-Looking Statements
This 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:
Flexpoint Sensor Systems
Clark Mower, 801-568-5111
or
Chesapeake Group
Kevin Holmes, (410) 825-3930
Source: Flexpoint Sensor Systems Inc
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