Flexpoint Sensor Systems Reaches International Agreement19 December 2004
Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) today announced the company reached an agreement with DG TECH Engineering Solutions to provide Bend Sensors(R) for the DG5-Vhand, a professional and multipurpose Data Glove.
Located in Bazzano, Italy, DG TECH Engineering Solutions designs and develops industrial software for the industrial automation, robotics, domotic, and vision fields. The company has incorporated the Bend Sensors(R) into the Data Glove, which among its numerous uses, include interaction with personal computers, replacing a computer mouse, gaming, virtual reality projects, telerobotic applications, and motion capture tasks.
Incorporating the Bend Sensors(R) provides affordable price points for mass marketing, reliability, comfort, and programmable software. In addition the gloves feature cables for connection to computers, control boards, bundled software, and PDA compatibility.
"Flexpoint has shipped the initial order of sensors for this application which contains vast potential among several fields for the company," commented CEO of Flexpoint John Sindt. "This relationship demonstrates the growing awareness the Bend Sensors(R) is generating both domestically and internationally across numerous markets. Over the next few weeks we will announce similar agreements as we continue to work on final product for several clients."
Flexpoint Sensor Systems, Inc. has developed and patented the Bend Sensor(R) technology. The Bend Sensor is a technological breakthrough that offers a superior solution for applications that require accurate measurement and sensing of deflection, acceleration and range of motion. Global market opportunities include automotive, medical, industrial controls, government, health and fitness, security, computer, aerospace, transportation and consumer products.
Forward-Looking Statements
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, Inc. John Sindt, 801-568-5111 or Brokers/Analysts Summit Resource Group, Inc. Shawn Miller, 800-400-1290
Source: Business Wire
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