Flexpoint Receives Order for Specialty Sensors
May 26, 2011 8:00 AM
ET
DRAPER, Utah, May 26, 2011, (BUSINESS
WIRE) -- Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) (http://www.flexpoint.com)
announced receipt of a purchase order for the third generation of sensors to be
used in a flow meter for an international Company. The order is expected to ship
before the end of the quarter and is the result of successful testing of earlier
sensors which were designed and manufactured by Flexpoint.
The sensors, featuring Flexpoint?s patented Bend Sensor® technology,
will detect and measure product flow in a device utilized in a mixing operation
of a Company that has manufacturing plants and sales
and service organizations around the world and is recognized as a leader in its
field. .
The bend sensor is ideally suited for this type of application because of its
ability to handle exposure to a wide variety of liquids and harsh environments.
The single layer construction, overall durability, and its chemical resistant
properties make the Bend Sensor® a good solution for this type of
application.
Clark Mower, President of Flexpoint Sensor System stated, ?We are pleased to be
able to announce this new production order.
I believe that once the sensors have been produced and tested, this will
lead to additional ongoing purchases of a significant number of sensors during
the upcoming year and continuing thereafter and will ultimately lead to sales of
30,000 - 60,000 sensors a year.. This is just one of many applications of our
sensor in a flow sensing or monitoring application. It is exciting to see the development
of the Bend Sensor® into so many diverse applications. We are
currently working toward final approval of the initial production purchase
order.?
·
About the Bend Sensor:
www.flexpoint.com/companyInfo/bendSensor.htm
·
Brochure:
www.flexpoint.com/technicalDataSheets/FlexpointBrochure1.pdf
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.
Flexpoint Sensor Systems
Clark Mower, President, 801-568-5111
Brokers and Analysts:
Chesapeake Group
410-825-3930
Source: Flexpoint Sensor Systems, Inc.
|