REDONDO BEACH, CA--(Marketwired - Dec 15, 2016) - SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces publication of an article discussing Flexpoint Sensor Systems' (OTCBB: FLXT) recent revenue growth, new clients, and the company's outlook for the coming quarters.
Flexpoint Sensor Systems, developer of the patented Bend Sensor® technology, reported revenue that nearly tripled and a net loss that nearly halved during the third quarter of 2016. Since then, the company has attracted several new customers in the wearables, medical, and virtual reality industries, where its sensors are being used for cutting-edge applications that deliver the greatest price performance, best-in-class technical performance and customization that differentiates Flexpoint from virtually any other comparable technology.
Flexpoint received several new purchase orders from Turkey-based Turtela Technology Solutions on November 30, 2016. Since 2015, the company has been working with the Bend Sensor® technology to develop and commercialize its glove-based technology. The company's turSOS and turGLOVE products incorporate the sensor technology to help the hearing-impaired convert Turkish sign language into speech (TurSOS) in real-time as well as (TurGLOVE) for a variety of applications including virtual/augmented reality.
On December 13, 2016, the company announced a production purchase order from ZeroUI -- the CES 2016 award-winning developer of Ziro. This marks the 2nd 2016 CES Award winning product to feature the Flexpoint Bend Sensor® -- See also (fully patented) Mettis Trainer® in the health, fitness and Biotech category. The ZeroUI modular robotics toy kit leverages wireless and mobile technologies along with a Bend Sensor®-enabled wearable glove technology. In addition to the Ziro, the company has several new technologies under development in the virtual reality, augmented reality, Internet of things, and wearables markets.
Management indicated that it continues to receive recurring purchase orders from a Fortune 100 toy manufacturer, a global auto manufacturer which continues to progress the technology through to production rollout, and multiple medical device companies that progress through to regulatory approval for their Bend Sensor® featured solutions.
Follow the link to read the full article: http://analysis.secfilings.com/articles/141-flexpoint-flxt-grows-revenue-with-new-client-additions
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