Flexpoint Receives Additional Orders for Custom Sensors to Launch Virtual Reality Platform

The company also receives orders for glove based medical products from European and US based wearables companies

Dec 10, 2015, 08:00 ET from Flexpoint Sensor Systems, Inc.

DRAPER, Utah, Dec. 10, 2015 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) today announced Netherlands based Manus Machina, a virtual reality and gaming company with the world's first consumer virtual reality glove, who in October 2014 was selected from 10,000 candidates for the Dutch StartupBootcamp HighTechXL, has recently placed custom sensor orders for the launch of their virtual reality platform which incorporates their SDK, open source software and next generation technologies from other elite tech companies.

Developers of various types will develop on this platform and release their products, such as games, for consumers around the world to enjoy. Additionally, European and US based wearables companies have recently placed orders for sensors to be used in new, glove-based, medical products.

IIoT (Industrial Internet of Things) and Wearables, especially the gloves sub-segment, are prime examples of rapidly growing market segments that have adopted and adapted the Bend Sensor® with overwhelming success. These deals and products could potentially generate several million dollars in revenue for Flexpoint in 2016 and beyond.

Product development teams globally and across multiple industries can boast of recognition stemming from the development and introduction of new technologies that leverage the uniqueness of the Bend Sensor® technology.

According to Paul Sexauer, Vice President Sales & Marketing for Flexpoint, "We continue to break new ground with companies from Fortune 100's to start-ups across multiple industries as they try to leverage advanced technologies to differentiate themselves, be more competitive, increase productivity and increase revenues. It is rapidly becoming a truly impressive portfolio for us. In the recent past, we have announced companies who leverage the Bend Sensor® such as mi.mu - award winners at the Microsoft Wearable IT Fashion Tech Awards in Berlin, and Mettis Trainer - Honoree at the 2016 CES awards."

There are a multitude of other companies being recognized for their revolutionary products utilizing the Bend Sensor®. Companies of note include biomed-focused Neofect (winner of Grand Prize from the 9th (2014) Digital Innovation Awards, as well as the Minister Prize from Ministry of Science, ICT and Future Planning), and industrial-focused glove manufacturer Proglove (Winner of the IoT / M2M Innovation World Cup 2014/15).

"Innovation never stops, and the fact that our team and our sensor technology has demonstrated time and again the ability to 'help people turn vision into reality' speaks volumes.  This track record is enviable," continued Sexauer.

Please visit http://www.flexpoint.com/ for more information.

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. 

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.

Contact Information:

Flexpoint Sensor Systems
Clark Mower, President
801-568-5111

Brokers and Analysts
Chesapeake Group
410-825-3930

 

SOURCE Flexpoint Sensor Systems, Inc.



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