The Company provides additional guidance on the Automotive sector
West Jordan, Utah–(Newsfile Corp. – April 18, 2022) – Flexpoint Sensor Systems, Inc. (OTC Pink: FLXT) is pleased to announce significant growth in glove orders from several top virtual reality leaders, Manus VR, Neofect, and Gloreha. Flexpoint’s Bend Sensor® continues to be highly sought after as the Virtual Reality (VR) market accelerates and the demand for innovative medical equipment grows.
Flexpoint continues to make advances in implementing its technology developed to be used in the Automotive manufacturer’s vehicles with the ability to be licensed to other manufacturers. The Company believes this will add significant revenue in 2022 and further expand the patented Bend Sensor’s capabilities.
“We are pleased with the reception of our sensor technology in so many varied and diverse applications. We have experienced a significant upturn in sensor orders over the last quarter of 2021 and the first quarter of 2022 and expect that this trend will continue throughout the balance of 2022 and into the future,” stated Flexpoint’s President, Clark More. He continued, “During the last quarter of 2021 and the first quarter of this year we have received and delivered orders for approximately 2,900 gloves and over 33,000 additional sensors totaling approximately $130,000 in revenue, plus orders for additional gloves and sensors to be delivered this year. We have also received additional orders to continue development of sensors for automotive manufacturers.”
About Manus VR – https://www.manus-vr.com/
Well known industries and companies are currently using the virtual reality gloves. Manus gloves featuring Flexpoint’s Bend Sensor® are assisting in virtual reality, augmented reality, and mixed reality experiments that, for example, train astronauts how to maneuver through the International Space Station in a zero-gravity environment. The value key customer relationships such as BMW, Audi, and Airbus which utilize Manus VR gloves with Flexpoint’s Bend Sensor® technology to test drive future models before production has even started. Volkswagen uses Manus VR gloves to give the feeling of a real steering wheel to experience what happens if an accident were to occur. Manus VR has many clients of large industries such as Netflix, Google, and Rolls Royce. Manus VR is widely known for its role in virtual reality gaming and can allow the hands of the user to feel like and be used as controllers.
The Manus VR glove will revolutionize the VR market. It is poised to play a huge role in the on-going virtual reality revolution. Manus VR believes in open innovation through sharing knowledge and experience. The possibilities of the Manus VR gloves are virtually endless and extend far beyond virtual reality.
About Neofect – https://www.neofect.com/us
Partnering with healthcare organizations and improving patient satisfaction and therapy compliance with turnkey telerehabilitation models. Clinical partners include Medstar Health, NYU Langone Medical Center, Stanford Healthcare, Department of Veterans Affairs, Vanderbilt University Medical Center, and Genesis; just to name a few.
A med-tech company helping stroke survivors and people with spinal cord injuries, musculoskeletal disorders, or neurological conditions regain independence and live fuller, more active lives. Its game-based rehabilitation solutions deliver more engaging, quantifiable therapy to improve cognitive, hand, arm, and leg function, while its robotic orthosis creates an artificial grip to increase hand mobility.
About Gloreha – https://www.gloreha.com/
Gloreha devices are the most advanced, effective and user-friendly combination of technology to support motor rehabilitation of the upper limb and neurocognitive recovery. Serving patients, doctors, therapists: through therapies and protocols that accompany all stages of the rehabilitation process, Gloreha devices promote the functional recovery of patients and their reintegration into daily life. Gloreha is the result of a synergistic, motivated and original approach. A group of 11 SMEs from the industrial area of Lumezzane, Brescia (Italy) decided to start a unique and innovative experience, leading to a powerful network of companies, research facilities, Italian and European rehab centers. Idrogenet represents the foresights of those 11 companies which wanted to go beyond their traditional borders, challenging themselves by investing in R&D, focusing on innovative markets.
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.
Please visit https://www.flexpoint.com/ for more information.
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
Brokers and Analysts
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