DRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com today announced they have received additional orders for their recently announced universal sensor. Since the announcement last week of two initial orders, we have received an additional four orders, bringing the total number of orders to six companies that have ordered sensors since we completed the design of the universal sensor with several more companies expressing interest in the sensors. Production and delivery under the orders 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 additional orders. We are particularly excited by the rapid acceptance of this new sensor and its quick assimilation into new and existing markets. The acceptance is coming much quicker than we originally anticipated. Along with these new orders, we have received an expansion on one of the initial orders. We anticipate that we will receive recurring and increasing orders from these customers and receive and announce additional orders from new companies as well. The acceptance and growth of the sensor applications has been gratifying. We have also seen orders for the new sensor technology increase as acceptance and awareness of the universal sensor has become more widespread. The sensors have now been applied in automobiles, trucks, buses, emergency vehicles, taxi cabs, public transportation and in domestic and commercial applications. Based on initial response and orders to date, it is likely the company will see a considerably impact on revenue beginning the later part of 2011 and continuing into 2012 and beyond as a result of the success of this one product.”
About Flexpoint
Flexpoint 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
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.