Wednesday, August 10, 2011

Flexpoint Sensor Systems, Inc. (FLXT) Announces Development Order from US Military

Located in Draper, Utah, Flexpoint Sensor Systems has quickly evolved as a leading name in the sector. Today, Flexpoint took a major step towards prominence with the announcement that they have received a development order and funding towards the completion of a customized product for the US Military.

The order is the direct result of earlier development and prototypes which have been successfully tested by the organization, and the agency has received approval and funding for advanced development of the product. The project has been fast tracked and should be completed sometime next year.

Leading the way at Flexpoint is Clark Mower whom serves as president. Mower stated, “We are excited to be associated with the military in the development of another product featuring sensors utilizing our patented Bend Sensor technology. We anticipate that successful development and testing of this application will open the door for development and acceptance of additional military products in the future.”

Mower went on to add, “While we are pleased to receive funding for this product, it is just one of the many innovative products that the Company is currently working on. We understand that shareholders would like more specifics on the exact nature of the products, timelines and total revenues the company will receive. As the products reach full rollout in the coming quarters we will be able to discuss them in more detail.”

Currently, Flexpoint is trading in the $0.21 range. To learn more about this press release or the company as a whole, please visit their corporate website at: www.flexpoint.com

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