Zardiw
1 year ago
Did you see this $FLXT News?.....Sounds pretty good:
https://www.otcmarkets.com/stock/FLXT/news/Flexpoint-Announces-Delivery-of-Additional-Orders-of-Impact-Detection-Sensors-to-a-leading-manufacturer-of-Autonomous-Ve?id=377949
Flexpoint Announces Delivery of Additional Orders of Impact Detection Sensors to a leading manufacturer of Autonomous Vehicles
Press Release | 10/28/2022
West Jordan, Utah--(Newsfile Corp. - October 28, 2022) - Flexpoint Sensor Systems, Inc. (OTC PINK: FLXT) is pleased to announce deliveries under an additional purchase order for an Impact Detection System. As previously announced Flexpoint has entered into an agreement with a leading US based manufacturer/OEM to provide an impact detection system for their autonomous vehicles in the United States. An autonomous vehicle is a driverless vehicle that is capable of sensing its environment and moving safely with little or no human input.
By strategically placing Flexpoint's patented impact detection sensor in key impact areas of the vehicle, we are able to play a vital role in the advancement of autonomous vehicles in the marketplace. Once production begins, purchase orders will begin escalating over the next several years.
Clark Mower, President of Flexpoint stated, "We are excited to see additional orders for impact detection systems so quickly after the previously announced deliveries and expect to receive additional orders in the near future. We continue to work in close coordination with the team from the autonomous vehicle company. This represents an important step in moving forward with this manufacturer. We expect orders to ramp up significantly throughout 2023. The expansion of this application could increase annual revenues exponentially."
Z
Thugmuffin
2 years ago
$FLXT Flexpoint Leads the Supply of Innovative Sensors for the Top Virtual Reality (VR) Glove MarketPress Release | 06/10/2022
West Jordan, Utah--(Newsfile Corp. - June 10, 2022) - Flexpoint Sensor Systems, Inc. (OTC Pink: FLXT) announces significant growth and high demand for the Flexpoint Glove Bend Sensor. This sensor has been well developed over the years and is now highly sought after by the large Virtual Reality (VR) companies and their markets. The Company currently has 20 different customers ordering the patented Bend sensor with approximately 10 of these being major companies giving us reoccurring orders. Our largest companies being Manus and a Pacific Rim Supplier.
The Company has received Glove Sensor orders totaling $130,000 during the last quarter of 2021 and first quarter of 2022 with approximately $35,000 additional orders in May. We are now seeing significantly larger orders of the Glove Sensor from larger companies on a reoccurring basis and believe that this revenue source will continue to grow.
As we disclosed in 2021, VR gloves are used extensively for various purposes in key markets including entertainment, gaming, medical, automotive, and education; sectors that are fueling the growth of the broad-based virtual reality market. This is a market that is expected to grow at a rate of 18% annually and reach in excess of $60 Billion by 2028.
Clark Mower, President of Flexpoint stated, "I am encouraged to report that the Company is current with its previous Glove Sensor orders and the Company is seeing regular monthly orders for the Glove Sensor. We are currently seeing not only larger orders, but more frequent re-orders. The number of companies, including new customers, that are ordering is significant. We believe that this product and market not only substantiates our technology but has now given us a reoccurring revenue stream for the Company. This has allowed Flexpoint to build an ongoing revenue stream with the creation of other AR/VR sensors while expanding into the medical glove market. We currently supply AR/VR sensors to both national and international companies including companies throughout Europe and the Pacific Rim."
About Manus VR - https://www.manus-vr.com/
Well known industries and companies are currently using the virtual reality gloves. Manus gloves featuring Flexpoint's Bend Sensor® are assisting in virtual reality, augmented reality, and mixed reality experiments that, for example, train astronauts how to maneuver through the International Space Station in a zero-gravity environment. The value key customer relationships such as BMW, Audi, and Airbus which utilize Manus VR gloves with Flexpoint's Bend Sensor® technology to test drive future models before production has even started. Volkswagen uses Manus VR gloves to give the feeling of a real steering wheel to experience what happens if an accident were to occur. Manus VR has many clients of large industries such as Netflix, Google, and Rolls Royce. Manus VR is widely known for its role in virtual reality gaming and can allow the hands of the user to feel like and be used as controllers.
The Manus VR glove will revolutionize the VR market. It is poised to play a huge role in the on-going virtual reality revolution. Manus VR believes in open innovation through sharing knowledge and experience. The possibilities of the Manus VR gloves are virtually endless and extend far beyond virtual reality.
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® 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.
Please visit https://www.flexpoint.com/ for more information.
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127177
Thugmuffin
2 years ago
$FLXT Flexpoint Updates Automotive DevelopmentsPress Release | 05/18/2022
West Jordan, Utah--(Newsfile Corp. - May 18, 2022) - Flexpoint Sensor Systems, Inc. (OTC Pink: FLXT) is pleased to provide an update on Flexpoint's Bend Sensor in the automotive industry.
Flexpoint finds an advantage with the use of its existing technology and sensors for their customers in the Automotive Manufacturers of Autonomous Vehicles. Flexpoint has been able to advance and implement its existing technology and sensors with years of development, testing, and production for the benefit of these Auto Manufacturers and their Autonomous Vehicles. These technologies and sensors include Flexpoint's Impact Detection System and Sensors, as well as the Flexpoint OCS System and Sensors. Flexpoint is playing a significant role in the further development and production of sensors for this industry. Because Flexpoint already has so much development experience and production of sensors that are able to perform their tasks without any major redevelopment, this saves time and money for these Auto Manufacturers. Flexpoint continues to receive orders and income from these markets and believes that by the end of 2022, into 2023 this market will add significant revenues to the Company and the Company believes that this market could be the first of many manufacturing contracts for the automotive industry.
Flexpoint has developed and tested a bend sensor for a Major Automotive Manufacturer platform for cars and trucks. By using the Bend Sensor® Technology, the manufacturer can optimize the ride quality of the vehicle. The manufacturer continues to further develop and test the sensor and its technology. Flexpoint and its patented Bend Sensor® technology have been included in a Patent filing by this Major Automotive Manufacturer. Flexpoint believes they will have the ability to license this technology to other Automotive Manufacturers which will further expand the market for the Company's technology. The Company is currently receiving orders and income from this development. Flexpoint sees significant growth with the sale and implementation of this Bend Sensor and its technology in 2022.
Clark Mower, President of Flexpoint, stated, "We are excited to see these automotive applications moving forward and are particularly excited to see our technology feature in such diverse applications."
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® 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.
Please visit https://www.flexpoint.com/ for more information.
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
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