Flexpoint Applying Bend Sensor(R) Technology to Movie Theaters
DRAPER, Utah — Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) today announced the company is working closely with a cinema theatre management firm to place Bend Sensors(R) in every seat in a movie theatre to monitor customers' paid attendance.
The group has been working with Flexpoint since early this year to develop and test a series of prototypes for this application. The two companies have agreed upon a working prototype that is now in the final testing and quality assurance phase. Flexpoint has recently provided pricing information to the customer.
"This is a very interesting application for Flexpoint and demonstrates the versatility of our sensor technology," stated Clark Mower, CEO of Flexpoint. "The demand for this technology is extensive. This system can be applied to new theatre construction and can also be retrofitted into existing movie theatre complexes."
Mr. Mower continued, "Flexpoint continues to diversify our product offerings while we work towards agreements in the automotive and medical device markets where a number of applications are nearing completion. As this theatre application indicates, we continue to work each and everyday to develop new applications and create new potential revenue streams."
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(R) 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 as a durable, & reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls & more.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
Flexpoint Sensor Systems Clark Mower, 801-568-5111 or Summit Resource Group Shawn Miller, 800-400-1290 |