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FLXT - Flexpoint Sensor Systems Inc News Story

$0.085 -0.0  -0.1%

Last Trade - 16/04/21

Micro Cap
Market Cap £7.03m
Enterprise Value £7.65m
Revenue £179k
Position in Universe 6389th / 6850

Flexpoint Sensor Systems Continues Expansive Success in Virtual Reality/Augmented Reality (VR/AR) Market for Glove-Based Systems

Thu 7th June, 2018 1:00pm
Flexpoint Sensor Systems Continues Expansive Success in Virtual Reality/Augmented Reality (VR/AR) Market for Glove-Based Systems

VR/AR Partners, developing ever-evolving systems featuring the Flexpoint Bend Sensor®, poised for tremendous growth

DRAPER, Utah, June 07, 2018 (GLOBE NEWSWIRE) -- Flexpoint Sensor Systems, Inc. (OTC Pink:FLXT) previously announced, VR/AR/MRhardware, software and peripherals innovation has led to significant market expansion.

Multiple Flexpoint partners are realizing dramatic increases in product sales and revenue contribution from numerous VR/AR/MR technology market segments – Gaming, B2B, Medical and Military, among others, resulting in increased Flexpoint sales and expected sustained growth.

Since early 2017, Flexpoint and US-based CaptoGlove® began a strategic, collaborative relationship to deliver innovative, integrated virtual reality/augmented reality (VR/AR) systems driven by Bend Sensors® to mass markets.  CaptoGlove® , considered by many as the world’s first wearable human machine interface (HMI) for gaming and smart devices, is exhibiting at the E3 (Electronic Entertainment Expo) Conference, arguably the world’s largest of its kind, in June 2018.  The company has achieved many exciting business and product development milestones:

  • Granted issuance of US Patent and complete registration
  • CaptoGlove®will feature evolutionary product release features such as:
  • New Partner relationship announcements further extending their global reach

Over the last 3 years, in the Medical VR/AR space, Flexpoint partners such as Neofect, Gloreha and RehaStim (formerly YouReHab) are similar contributors to the Flexpoint success in this market.  They also will be participating in a number of industry conferences globally in 2018 highlighting their technology advances and many new innovations. 

According to Paul Sexauer, Flexpoint VP Sales & Marketing, “These markets are exciting and growing beyond our expectations.  Our partners/customers are leading the way to continued market adoption of their Bend Sensor® based technologies. With the exclusive Flexpoint technology, industry experience and strong market focus, we are uniquely well positioned to grow with them.  It has been an amazing journey thus far, and we remain optimistic and confident about the future of our company!” 

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 consumer electronics, 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 continually setting new standards 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

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