Flexpoint Receives Follow-up Order for Sensors for Toys

^{Published on 2011-12-08 05:16:56 - Market Wire}
 

Flexpoint Receives Follow-up Order for Sensors for Toys -- DRAPER, Utah, Dec. 8, 2011 /PRNewswire/ --

DRAPER, Utah, Dec. 8, 2011 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) [ http://www.flexpoint.com ] today announced that they have received a follow-up order for sensors to be used in toys.  

Flexpoint will produce the sensors and expects to deliver them before the end of the year.  This is a recurring order from a customer who we have been dealing with for many years. The orders are generally received quarterly. While the current annual volumes are low, (approximately 40,000 – 50,000 sensors), historically as you can see from our website, we have, through Toys R Us, as well as other toy companies and outlets, sold over 7 million sensors into the industry.

Clark Mower, President of Flexpoint stated, "Flexpoint has a strong history of delivering quality sensors to the toy industry, including Toys R Us.  While this shipment is only 10,000 sensors, we have produced and delivered over 7 million sensors that have been incorporated into various toys.  We expect this industry to be a key industry to our revenue growth going forward with revenues in excess of $250,000 annually.  We continue to explore ways to capture an increasing share of the market.  We are currently producing prototype sensors for other major suppliers in the industry and the recently announced marketing agreement with Mobicon provides us with excellent contacts into the toy and gaming manufacturers in China."

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, President, 801-568-5111

Brokers and Analysts:
Chesapeake Group
410-825-3930

SOURCE Flexpoint Sensor Systems, Inc.

RELATED LINKS
[ http://www.flexpoint.com ]