Flexpoint Receives Request for Design and
Production of Sensors for Toys
May 5, 2011 8:00 AM
ET
DRAPER, Utah, May 5, 2011 (BUSINESS WIRE) --
Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com today announced that they have received a request for the design and
development of a sensor to be used in toys.
Clark
Mower, President of Flexpoint stated, “It is interesting that we continue to
receive requests for the design of specialty sensor products for toys. This
appears to be a fairly
high volume, low cost application of a two to three inch custom sensor
utilizing our patented Bend Sensor® technology. Based upon price
quote requests received from the customer it is likely Flexpoint will produce
between 500,000 and 2,000,000 sensors annually. While various rounds of
testing and validation for this sensor could take several months, if testing
goes as anticipated we expect to be in production of this sensor during the
calendar year. We currently supply sensors into the toy industry on a
recurring basis, but this would be the highest volume application of the sensor
in the toy industry since the early days of Flexpoint.”
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.
|
