DRAPER, Utah, Oct. 29, 2015 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) today announced it has successfully passed another pre-production milestone with an American Fortune 500, multi-national toy manufacturing company. Further, in coordination with this strategic client, Flexpoint is now also engaged with an American, multi-national supply chain solutions company that offers design, manufacturing, distribution and aftermarket services to original equipment manufacturers. It is, globally, the second largest Electronics Manufacturing Services and Original Design Manufacturer Company.
The company has recently received and delivered orders from both companies. Larger purchase orders will take place shortly, beginning a multi-year production collaboration in early Q1 2016. The toy can be described as a mobile application that has mass appeal. Annual sensor production orders will number in the hundreds of thousands. "We are very pleased the Bend Sensor® technology has delivered the technical differentiation and "value" necessary to enable Flexpoint to be part of this collaborative effort," remarked Paul Sexauer, VP Sales and Marketing, Flexpoint Sensor Systems.
Recently, Flexpoint has earned a place on the MountainWest Capital Network (MWCN) annual list of 100 fastest growing companies in Utah. The list of rankings will be revealed November 3rd at the 21st annual MWCN Utah 100 Awards Program.
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.
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
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