DRAPER, Utah, Feb. 23, 2012 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT.OB - News) http://www.flexpoint.com today announced they have received additional orders for their universal sensor. We have received additional orders from Intertek Industrial Corp., HTK Engineering LLC, and Card Access for universal sensors. We will begin production of the sensors and then follow with assembly of the sensors into the universal sensor. Production of the sensors and delivery of the orders is expected to take place during the first quarter of this year.
Clark Mower, President of Flexpoint stated, "We are excited to be able to announce receipt of these additional orders. One order, for 500 sensors, is the largest single order we have received to date. We also have received orders for 40 and 25 universal sensors as well. We anticipate that we will continue to receive recurring and increasing orders from these customers. We also expect additional orders from other companies, both new and repeat customers. Our customers now include companies in the following industries; automobiles, trucking, busing, emergency vehicles, taxi cabs, public transportation, military and other governmental entities. As anticipated, the company is beginning to see a more sizeable impact on revenue from these sales and expects the trend to continue and escalate during 2012 and beyond."
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.
Contacts:
Flexpoint Sensor Systems
Clark Mower, President, 801-568-5111
Brokers and Analysts:
Chesapeake Group
410-825-3930
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