Flexpoint Announces Manufacturing AgreementNovember 25, 2008
Under the agreement, Flexpoint will manufacture bend sensors to be used in R&D Products' pressure-managing medical bed.
DRAPER, UT--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) announced it has entered into an exclusive long-term manufacturing agreement with one of the world's largest manufacturers of medical mattresses and R&D Products, LLC. Flexpoint will manufacture the sensors to be utilized in a medical bed featuring Bend Sensor technology.
The medical bed is a pressure managing bed that utilizes Flexpoint Bend Sensor technology to precisely identify areas of the body where high pressure skin contact is most vulnerable and redistributes pressure when and where needed. It is the Bend Sensor technology that allows the bed to read, interpret and respond to all information.
"The Company is excited to have executed a new, long-term manufacturing agreement with a reputable and well-known company for the manufacturing of a sensor for use in their product. The execution of the manufacturing agreement with this new company is the culmination of a lot of hard work by Flexpoint and R&D and represents a long-anticipated achievement. We feel that this is a significant step for both companies and something that has been critical for the advancement and marketing of this technology. We expect significant production and revenue under this agreement, which will begin next year. It also provides further validation of the unique ability of the Bend Sensor technology," stated Clark Mower, president of Flexpoint. "We are anxious to begin production under the agreement."
Flexpoint Sensor Systems
Flexpoint Sensor Systems, Inc. manufactures a patented cutting-edge flexible sensor that has also proven to be an extremely durable switch. The single-layer Bend Sensor product allows for the measurement of mechanical movement, air flow, water flow or even vibration. It can be used as a range of motion sensor, or as a durable and reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls and more.
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