DRAPER, Utah, April 28, 2016 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT), a leader in flexible Bend Sensor® technology, hosted a much anticipated conference call for investors and interested parties on April 19th, 2016 to reflect on company performance for 2015 and give an in-depth look into the 2016 market focus and provided guidance for the year.
According to Clark Mower, Flexpoint CEO, "We specialize in the development and manufacture of highly customized and innovative products featuring the Bend Sensor®. There are a large number of applications either currently on the market or in development and on the cusp of commercialization. The keys to success lie in execution across the many market segments upon which we are acutely focused. The company has positioned itself for tremendous success in 2016 and we are extremely eager for the future."
According to Paul Sexauer, Flexpoint VP Sales and Marketing, "Our technology is adaptable to a wide variety of applications and uses." This is evidenced by the customers and partners across industries comprised of automotive, trucking, consumer toys, medical and a rapidly expanding field of wearables – also spanning numerous market segments including gaming, medical/rehabilitation, virtual reality, sports, robotics and industrial.
During the call, the company highlighted significant progress of Bend Sensor® driven technologies and projected revenue success in 2016. The company is increasingly receiving orders from repeat and new customers from around the world and across industries. Flexpoint has completed or is on track to complete previously stated goals and the following contributors will allow the Company to achieve these previously stated cash flow and revenue goals:
- Orders from a Fortune 100 global toy manufacturer with production products scheduled to hit consumer markets in late 2016
- An expanding number of wearables/gloves customers
- Rapid commercialization success of the recently patented HTK Safety Anti-Rollaway System with which Flexpoint has taken on a critical and expended sales and marketing leadership role
- A Tier 1 automotive manufacturer featuring the patented Flexpoint Horn Actuation system
- Haemoband, a European based medical device manufacturer which is expected to be successfully completing new product certification trials in mid/late 2016 and moving rapidly into mass production
Sexauer further commented, "Besides our ongoing successful relationships, there is so much to be motivated for in the future. Flexible smart phone and hand held technologies, consumer products of varying types, and more are just some of the innovative projects we will advance in the remainder of the year and thereafter.
Please visit http://www.flexpoint.com/ for more information including the presentation from the April 19, 2016 conference call.
About Flexpoint Sensor Systems, Inc.
Flexpoint Sensor Systems, Inc. (FLXT) is an innovative technology firm specializing in developing products that feature the Company's patented Bend Sensor® and related technology. The Bend Sensor® is a groundbreaking sensing solution that is revolutionizing applications in the automotive, safety, medical and industrial industries. The Bend Sensor®'s single-layer, thin film construction cuts costs and mechanical bulk while introducing a range of functions and stylistic design possibilities that have never before been available in sensing technology. Flexpoint's technology and expertise have been recognized by the world's elite business and academic innovators for over 17 years. The company is setting a new standard for sensing solutions in the "smart" age of technology.
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
Brokers and Analysts
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flexpoint-sensor-systems-inc-spotlights-guidance-for-explosive-revenue-growth-in-2016-300259064.html
SOURCE Flexpoint Sensor Systems, Inc.