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DRAPER, Utah, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Flexpoint Sensor Systems, Inc. (FLXT) is pleased to announce it continues to receive production Purchase Orders from award-winning client/partners such as South Korea-based Neofect. This relationship, originally established in 2015/2016, brought to market smart, innovative, medical glove-based technologies, featuring the Flexpoint Bend Sensor®.
Neofect produces the RAPAEL Smart Glove, a 2018 CES Innovation award winner. Neofect has continued their market expansion globally with their FDA approved RAPAEL Smart Glove rehabilitation support technology. They have further successfully expanded their product lines to meet the unique/specialized demands of patients of different ages and needs, continuing to find applications where the Bend Sensor® makes a difference. Flexpoint has received multiple purchase orders of increasing size and volume from NEOFECT which have been delivered.
According to Paul Sexauer, Flexpoint Vice President Sales and Marketing, “This is the type of client relationship we look to establish, nurture and grow. We are pleased to see the success of Neofect as they have become a part of our growing client/partner base, and we’re honored to have the Bend Sensor® designed into these innovative technologies. The glove-based wearables (medical and VR/AR) market continues to be very exciting for us and one where we are clearly differentiated.”
Flexpoint has already received two orders from Neofect during 2019 totaling over $40,000. Beyond these production orders, Flexpoint anticipates order volume attributable to Neofect and many others to continue to increase in 2019 and 2020 as they expand their market reach and their overall product offerings. Sexauer added, “We continue to support these strategic relationships in every way possible to extend the use of their technology solutions in these expanding global markets.”
Please visit http://www.flexpoint.com/ for more information.
Neofect is an award winning rehabilitation medical glove company whose awards include the 2017 Popular Science “Best of What’s New” Award, the 2017 AARP Innovation Award, the Minister of Science Award and the 2017 and 2018 CES Innovation Award among others. Their clinical partners and customers include the Department of Veterans Affairs and the Banner-University Medical Center, which is affiliated with the University of Arizona, and a number of international partners.
About Flexpoint Sensor Systems, Inc.
Flexpoint Sensor Systems, Inc. (FLXT) is an innovative technology firm specializing in developing products that feature the Company's patented Bend Sensor® and related technology. The Bend Sensor® is a groundbreaking sensing solution that is revolutionizing applications in the automotive, safety, medical and industrial industries. The Bend Sensor® single-layer, thin film construction cuts costs and mechanical bulk while introducing a range of functions and stylistic design possibilities that have never before been available in sensing technology. Flexpoint's technology and expertise have been recognized by the world's elite business and academic innovators for over 17 years. The company is setting a new standard for sensing solutions in the "smart" age of technology.
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
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