Science & Technology
Science and Technology
Science and Technology
Tue, November 16, 2010 Flexpoint Receives Additional Purchase Order for Bend Sensor Products
DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) [ http://www.flexpoint.com ] announced receipt of an additional follow-up production purchase order from Intertek Industrial Corp. for products, including sensors and the associated electronics, to be utilized in Interteka™s Protek Passenger Awareness System which features Bend Sensor® technology.
The President of Flexpoint, Clark Mower, stated, aThis is the fifth time we have received orders from Intertek. We are pleased that the technology has been accepted by another customer of Intertek and are excited about the validation of our recent statement that these products have the potential to significantly increase the production of sensors by Flexpoint. There is potential for additional annual volumes in other types of emergency vehicles including ambulances, fire engines, etc. As earlier stated, each vehicle system features a control unit, four sensors and a display unit, all designed and manufactured by Flexpoint. The company has realized and will continue to realize revenues under these contracts.a
Intertek Industrial Corp., located in Jacksonville, Florida, is a leading supplier of quality seat belt systems and safety devices to the Emergency Vehicle market, offering its manufacturing partners value-added supply chain solutions. Intertek supplies systems for Emergency Medical vehicles and school and transit buses.
The company also looks forward to being featured in an innovative product premiering at the Los Angeles Auto Show from November 19tha" November 28th. This show includes at least 20 world and 30 North American car debuts. The total attendance is expected to approach two million with nearly 10,000 members of the media. Additional details can be found at laautoshow.com
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.
