Long-Term Agreements Pave Way to Revenue Growth for Flexpoint (FLXT) -- SECFilings.com
(firmenpresse) - REDONDO BEACH, CA -- (Marketwired) -- 08/30/16 -- SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces publication of an article discussing how Flexpoint Sensor Systems'' (OTCBB: FLXT) long-term agreements have helped drive revenue and why it may be an interesting time for investors to get involved.
Flexpoint has developed a groundbreaking sensor solution that is revolutionizing the automotive, safety, medical, and industrial markets, and is rapidly approaching a tipping point in the commercialization of its Bend Sensor®. With a number of large-scale contracts moving into production, the company reported second quarter revenue that nearly doubled year-over-year and could see much stronger growth ahead.
Flexpoint has cultivated a number of long-term production and manufacturing agreements over the past several quarters. For example, the company began full-scale production for a number of different toy models in June and anticipates annualized order volumes of between 750,000 and one million units during 2016 and into the first half of 2017. These volumes are expected to increase in 2017 as additional lines/models of toys adopt the sensor technology. In the wearables market segment, Manus VR has selected the company''s Bend Sensor® to power its revolutionary glove targeting the B2B VR and consumer gaming markets, and a number of additional glove-based applications in the medical and toy segments have also adopted the BendSensor®.
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SECFilings.comPaul Archie406-862-2242
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Datum: 30.08.2016 - 07:02 Uhr
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