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SOURCE Flexpoint Sensor Systems, Inc.
- Sales expected to increase more than 300% in 2017 as a result
- Additional integration partners anticipated during remainder of 2017, along with fulfillment of substantial purchase orders
DRAPER, Utah, Sept. 28, 2017 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) today announced an update on the scope of its integration, reseller and distribution partners:
Reseller and Distribution Partners
Manus VR, VML - Virtual Motion Labs, CaptoGlove, Zero UI, Gloreha, Neofect YouRehab
Amazon Business, Sensor Products Inc.
Fortune 500 Toy Company
Haemoband, 11 Health, Gloreha, Neofect YouRehab,
Sensor Products, Inc.
Sensor Products Inc.
Vista Brake Lock, HTK Safety
RobotShop.com, I-cubeX, NoDNA, Karlsson Robotics
The company currently has at least sixteen global commercial partners covering a variety of different products. The company, in coordination with its partners, has introduced at least 8 new products during 2017 and expects to have 2-3 more commercialized prior to the end of the year.
"Flexpoint has concentrated on developing an ever-expanding, strong network of design, integration and distribution partners in strategically targeted market segments over the last year. We expect additional and even larger partners over the next several months with the same focus. The additional functionality and sales channels will allow the company to grow at an increasingly accelerated rate over the next several quarters. We remain on track to be cash flow positive and profitable by or before Q1 2018; a key goal for the company. Consistently, we are receiving purchase orders on a daily and weekly basis and are fulfilling these orders in a short time period," commented Clark Mower, Flexpoint President and CEO.
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® 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
Brokers and Analysts
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