Last $0.17 USD
Change Today -0.005 / -2.94%
Volume 204.7K
As of 8:10 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

flexpoint sensor systems inc (FLXT) Snapshot

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10/20/14 - $0.30
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flexpoint sensor systems inc (FLXT) Details

Flexpoint Sensor Systems, Inc., a development stage company, designs, engineers, manufactures, and sells bend sensor technology and products using its patented Bend Sensor flexible potentiometer technology. The Bend Sensor technology is a flexible potentiometer bend sensor product consisting of a coated substrate, such as plastic that changes electrical conductivity as it is bent in a consistent manner. It provides various products for automotive industry applications, including horn switches, seat belt reminders, pedestrian impact detection sensors, comfort seats, and braking systems, as well as alertness detection systems for incorporation into steering wheel assembly. The company also offers products for use in shoes, emergency vehicles, flow control applications, medical beds, disposable colonoscope devices, industrial control systems, medical equipment and instrumentation, computer peripherals, automotive transmission equipment, and commercial vending equipment. In addition, it licenses its Bend Sensor technology. The company sells its products to original equipment manufacturers, manufacturers, or suppliers worldwide. The company was formerly known as Micropoint, Inc. and changed its name to Flexpoint Sensor Systems, Inc. in July 1999. Flexpoint Sensor Systems, Inc. was founded in 1992 and is based in Draper, Utah.

3 Employees
Last Reported Date: 04/2/14
Founded in 1992

flexpoint sensor systems inc (FLXT) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $50.9K
Chief Financial Officer, Controller, Treasure...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

flexpoint sensor systems inc (FLXT) Key Developments

Flexpoint Sensor Systems, Inc. Announces Delivery of Sensors

Flexpoint Sensor Systems Inc. announced that they had received several orders from a variety of companies and universities. Flexpoint announced that they have completed the manufacturing of the vast majority of the sensors and that the sensors have been shipped. Mower also indicated that Flexpoint is on schedule with completion of the sensors and electronics for the Haemoband Surgical Ltd., and for the shoe sensors and associated electronics and software.

Flexpoint Sensor Systems, Inc. Receives Purchase Orders from Two International Companies

Flexpoint Sensor Systems Inc. announced recent purchase orders by two international companies. 300 sensors were ordered by each company for use in gloves which will provide motion feedback. A Swiss company will use Flexpoint's sensors for patient rehabilitation, while an Italian company will implement the sensors in virtual reality feedback devices. Both companies are developers of innovative technology and plan to use the sensors in commercialized products.

Flexpoint Sensor Systems Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Flexpoint Sensor Systems Inc. announced earnings results for the second quarter and six months ended June 30, 2014. The company announced total revenue of $43,302 for the quarter ending on June 30, 2014. This compares to $28,495 in total revenue during 2013 second quarter. This represents a 52% increase in revenue. Net loss for the quarter was $251,532 versus a net loss of $254,194 or $0.01 per share a year ago. The increase in revenue was primarily due to the company entering in to a development agreement with Bend Tech, the recognition of $10,000 in deferred income for the shoe development and the work with Haemoband Surgical Ltd. on the custom sensor for the colonoscope. For the first six months of 2014, revenues totaled $96,653 versus $41,754 during the first six months of 2013. Net losses for the first six months of 2014 were $496,490 or $0.01 per share compared to net loss of $499,850 or $0.01 per share a year ago.


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