Flexpoint Sensor Systems Receives Multiple New Sensor Orders

DRAPER, UT -- Flexpoint Sensor Systems, Inc. has received several purchase orders for its technology to be used in wearable (glove) applications. The products are for several different uses across multiple industries. Orders have been received for a variety of applications including industrial use, virtual gaming and medical rehabilitation. The company is pleased to add companies such as Germany based Workaround UG (http://www.proglove.de/) and South Korea based Neofect (http://www.neofect.com/) to its expanding roster of "wearables" customers. Flexpoint anticipates additional larger orders from these same customers and others to occur over the next several months.

"Neofect is doing marvelous things in the medical rehabilitation field with their innovative technology 'powered by' the Bend Sensor®. They already have secured US FDA approval, are awaiting UL approval and are in the process of expanding globally. Our cutting edge and differentiated technology is also helping us gain new customers globally in the emerging and rapidly growing Internet of Things, ("IoT"), and Industrial Internet of Things, ("IIoT"), market segments. We continue to do business with many loyal customers who are looking to increase their sensor use, and are thrilled to expand our reach to many industries; especially our newly entered space of virtual gaming. This is an exciting area to get involved in and we look forward to significant expansion in this space. The company expects to receive several orders resulting in significant revenue increases in late 2015 and early 2016," commented Paul Sexauer – VP Sales and Marketing.

For more details, visit http://www.flexpoint.com

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