Flexpoint Sensor Systems, Inc. (FLXT.OB) Receives Purchase Order for Custom Sensor

By IBTimes Staff Reporter | August 17 2010 11:10 AM

Flexpoint Sensor Systems Inc. manufactures a patented cutting-edge flexible sensor that has also proven to be an extremely durable switch. The single-layer Bend Sensor product allows for the measurement of mechanical movement, air flow, water flow, or even vibration. It can be used as a range of motion sensor, or a durable and reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls and more.

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The company today announced that it has received a purchase order to manufacture 500 custom sensors utilizing their patented Bend Sensor technology. The president of Flexpoint, Clark Mower, stated that the order was for a multibillion company with a wide variety of products and applications and a worldwide presence.

Mr. Mower said, “They are completing testing and have requested production quotes, timing and guarantees for long term supply. It is an ideal application for our technology and could lead to a significant production contract and the development of additional products for them.”

The good news from Flexpoint Sensor Systems has sent the company’s stock higher on good volume. The stock closed today’s trading at $0.29 a share, up $0.02 a share or 7.41%, for the day. The stock hit an intraday high of $0.34 a share and its volume for the day is 214,508 shares which is well above the average daily volume of about 15,000 shares.

For more information on Flexpoint, please visit its website at www.flexpoint.com.