The Flexpoint/noDNA relationship is poised to flourish at a time when the global Robotics industry has never been stronger. A recent Fortune Magazine article highlights the growth of the Robotics industry and references an IDC research report which predicts spending on Robotics and related services will reach $135B by 2019 (up from $71B in 2015). Automation, artificial intelligence, productivity improvements and enabling technologies of all types are fueling this tremendous market evolution. Flexpoint has received recent Purchase Orders from noDNA to meet customer demand and sees significant, sustained growth ahead.
Speaking to the industry, the technology and the value of the relationship, Mr. Robert Dotzauer, noDNA CEO, states "We are really proud that Flexpoint is our new partner. Increasingly over time, we recognized that there is a high and increasing demand for high quality sensors all over Europe. With Flexpoint, we found a trustful partner to offer our clients the best service and the best products in this range which are available on the market. We are looking forward to great cooperation going forward."
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 many industries such as sports/fitness, automotive, safety, medical and industrial; some of which can be further categorized in the rapidly growing "wearables" space. 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
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SOURCE Flexpoint Sensor Systems, Inc.