Flexpoint Sensor Systems today announces an update on its progress and a forward vision of its integration, reseller and distribution partners.
- Sales expected to increase as much as 200% in 2017 with sustained growth in 2018 as a result |
| [16-November-2017] |
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DRAPER, Utah, Nov. 16, 2017 /PRNewswire/ -- Flexpoint Sensor Systems Inc. (FLXT) today announces an update on its progress and a forward vision of its integration, reseller and distribution partners: Product Integration Partners Reseller and Distribution Partners
Interactive Gloves Manus VR, CaptoGlove, VML - Amazon Business, (SPI) Sensor Products
- VR/AR/ER Virtual Motion Labs, Gloreha, Inc.
Neofect and YouRehab
RobotShop.com, and others
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Consumer
Electronics Display Manufacturers (Multiple)
Medical Haemoband, 11 Health, Gloreha,
Focal Wellness, Neofect, YouReHab
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Industrial
Controls/IIot Multiple - Under NDA
Wearables Focal Wellness
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Robotics Zero UI RobotShop.com, noDNA, Karlsson Robotics
and others
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The company currently has a significant number of revenue generating global commercial partners covering a multitude of products. The company has introduced multiple new products during 2017 and expects to have 2-3 more commercialized prior to the end of the year. Commenting on the status, Paul Sexauer, Flexpoint VP Sales & Marketing stated, "Flexpoint has concentrated on developing a strong network of design, integration and distribution partners in strategically targeted market segments where we know we are differentiated. We have engaged with a number of larger partners over the last several months. The additional sales channels will allow the company to grow at a desirable rate over the next several quarters. We remain on track to be cash flow positive and profitable during Q4 2017 and Q1 2018; a key goal for the company." He further stated, "Most significantly, Flexpoint sees continued growth in VR/AR, Consumer Electronics and Medical. This will leverage our demonstrated strengths going forward. Based on new product successes demonstrated at the likes of Queens University, HML, we are confident we will be able to execute in these exciting and very strategic market segments." 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. 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 Brokers and Analysts View original content:http://www.prnewswire.com/news-releases/flexpoint-sensor-systems-inc-continues-product-releases-with-multiple-integration-and-distribution-partners-300557550.html SOURCE Flexpoint Sensor Systems, Inc. |
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Company Codes: OTC-PINK:FLXT, OtherOTC:FLXT |
