Flexpoint Sensor Systems Receives Several Purchase Orders

Aug 06, 2014, 08:00 ET from Flexpoint Sensor Systems, Inc.

DRAPER, Utah, Aug. 6, 2014 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (http://www.flexpoint.com/), today announced that the company recently received several orders from a variety of companies and universities.   The total for these orders is approximately $30,000 and each order has either recently been delivered or will be delivered during August 2014.

These orders include:

35,000 sensors to Manufacturing Solutions Innovation, "MSI" for a paint gun hopper sensor
400 sensors to Card Access for an occupancy sensor
200 sensors to for burst detection sensors
300 sensors to Neofect for a "smart" glove sensor used during medical rehabilitation
70 sensors for Bridgewater, Inc. to detect air flow
350 sensors to Universities for a variety of products
24 kits and 86 seat sensors to Intertek Industrial Corp. for Ambulance occupancy sensors
150 parts for Sensor Products, Inc.

"In addition to the above, we have received two orders for custom development of sensors from new clients totaling approximately $7,000.  We are pleased that many of the above orders are from repeat customers and believe the consistency of these orders will continue.  It is rewarding to be delivering sensors to a number of companies across a variety of industries.   We will continue to concentrate on the medical, automobile and shoe industries, but having our products validated by a larger group of end users is important.  The size of our orders and number of customers continues to escalate," commented Flexpoint CEO Clark Mower.

Mower continued, "Smart/intelligent sensors are widely used across different industries such as industrial, consumer electronics, medical, automobile and avionics among others. Currently, various types of smart/intelligent sensors are being used as image sensors, touch sensors, smart temperature sensors and smart pressure sensors among others. Technological advancements and the increasing demand for devices with high end features are the major factors driving the market at present. The market is likely to see high growth as the demand for consumer electronics and automobiles is expected to increase in the coming years."

According to a recent report by companiesandmarkets.com, "The smart sensor market is highly fragmented and revenues of this relatively new sector are forecast to increase by 36.3% CAGR during the period 2014 to 2020. By the end of 2020, the global smart sensor market is forecast to be worth by US$10.46 billion. There have been a number of technological breakthroughs which have driven further revenue growth in the smart sensors sector. Pressure sensors, temperature sensors, flow sensors and touch sensors are among the most widely applied sensors in a number of key industry sectors. Flow sensors demand is most widely driven by the expanding medical sectors and automotive industries. Temperature sensors are widely used in measurement, control systems and instrumentation whilst pressure sensors are used to measure the intake of manifold pressure, atmospheric pressure, vapour pressure etc. Touch sensors are also used in consumer electronics products in automotive, healthcare, aerospace, defence, industrial and commercial markets."

About Flexpoint:
Flexpoint Sensor Systems, Inc. (FLXT), (http://www.flexpoint.com/) 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.