Flexpoint Takes a Multi-Pronged Approach to the Medical Technology Market - SECFilings.com
(firmenpresse) - REDONDO BEACH, CA -- (Marketwired) -- 09/21/16 -- SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, recently published an article discussing Flexpoint Sensor Systems'' (OTCBB: FLXT) diverse sales approach in the medical technology market.
The medical technology -- or medtech -- industry is on pace grow at a 4.1% compound annual growth rate to reach $477.5 billion by 2020, according to the marketing intelligence firm Evaluate Ltd. While giants like Medtronics Inc. and Johnson & Johnson dominate the market, smaller companies may offer the best opportunities for individual investors to realize the greatest growth rates.
Flexpoint Sensor Systems Inc. represents a unique and diversified opportunity in the medtech space. The company''s patented Bend Sensor® is a flexible potentiometer with numerous uses in medical technologies. By partnering with medtech firms, the company hopes to generate stable, high-margin recurring revenue that is tied to medical device sales, making it a potentially attractive opportunity for investors.
Moving forward, the company''s innovative sensors have the ability to revolutionize a number of industries, including wearables, ''quantified self'', virtual reality/augmented reality (VR/AR), and Internet of Things ("IoT") and Industrial Internet of Things ("IIoT"). These broad end markets provide investors with significant diversification and exposure to a number of compelling markets that are poised for rapid and sustained growth.
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SECFilings.com
Paul Archie
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Datum: 21.09.2016 - 07:16 Uhr
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