Flexpoint Sensor Systems, Inc. Receives Purchase Orders from Two International Companies

Aug 22, 2014, 08:00 ET from Flexpoint Sensor Systems, Inc.

DRAPER, Utah, Aug. 22, 2014 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) today announced recent purchase orders by two international companies. 300 sensors were ordered by each company for use in gloves which will provide motion feedback. A Swiss company will use Flexpoint's sensors for patient rehabilitation, while an Italian company will implement the sensors in virtual reality feedback devices. Both companies are developers of innovative technology and plan to use the sensors in commercialized products.

The purchase orders confirm growing interest in the use of Flexpoint's sensors for motion feedback. With two international companies as its newest customers, Flexpoint maintains its position as a leader in the sensor technology industry with regard to measuring range of motion. Flexpoint has long been recognized by universities for its sensor and products educational value, but recent projects and purchase orders prove the value of the sensors in the commercial industry.

The purchase orders by the Swiss and Italian companies follow Flexpoint's 2014 second quarter financial results report, which announced the completion of the electronics and software for use in a running shoe and the continued work on the colonoscope product for Haemoband Surgical, Ltd.

"We are excited to have our sensor technology recognized as state-of-the-art on the international stage. The use of the sensors in commercialized products is also very promising. It is rewarding to continue to be recognized as a leader in our industry," said Clark Mower, President of Flexpoint Sensor Systems, Inc.

About Flexpoint

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

Brokers and Analysts
Chesapeake Group

SOURCE Flexpoint Sensor Systems, Inc.