Flexpoint Sensor Systems, Inc. announced it has received several purchase orders for its technology to be used in wearable (glove) applications. The products are for several different uses across multiple industries. Orders have been received for a variety of applications including industrial use, virtual gaming and medical rehabilitation. The company is pleased to add companies such as Germany based Workaround UG (www.proglove.de) and South Korea based Neofect (www.neofect.com) to its expanding roster of “wearables” customers. Flexpoint anticipates additional larger orders from these same customers and others to occur over the next several months.
“Neofect is doing marvelous things in the medical rehabilitation field with their innovative technology ‘powered by’ the Bend Sensor®. They already have secured US FDA approval, are awaiting UL approval and are in the process of expanding globally. Our cutting edge and differentiated technology is also helping us gain new customers globally in the emerging and rapidly growing Internet of Things, (“IoT”), and Industrial Internet of Things, (“IIoT”), market segments. We continue to do business with many loyal customers who are looking to increase their sensor use, and are thrilled to expand our reach to many industries; especially our newly entered space of virtual gaming. This is an exciting area to get involved in and we look forward to significant expansion in this space. The company expects to receive several orders resulting in significant revenue increases in late 2015 and early 2016,” commented Paul Sexauer – VP Sales and Marketing.
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.
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