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Last $0.17 USD
Change Today -0.0052 / -2.89%
Volume 43.4K
FLXT On Other Exchanges
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

flexpoint sensor systems inc (FLXT) Snapshot

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52 Week High
01/20/15 - $0.35
52 Week Low
06/10/14 - $0.02
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flexpoint sensor systems inc (FLXT) Details

Flexpoint Sensor Systems, Inc., a development stage company, designs, engineers, manufactures, and sells bend sensor technology and products using its patented Bend Sensor flexible potentiometer technology. The Bend Sensor technology is a flexible potentiometer bend sensor product consisting of a coated substrate, such as plastic that changes electrical conductivity as it is bent in a consistent manner. It provides various products for automotive industry applications, including horn switches, seat belt reminders, pedestrian impact detection sensors, comfort seats, and braking systems, as well as alertness detection systems for incorporation into steering wheel assembly. The company also offers products for use in shoes, emergency vehicles, flow control applications, medical beds, disposable colonoscope devices, industrial control systems, medical equipment and instrumentation, computer peripherals, automotive transmission equipment, and commercial vending equipment. In addition, it licenses its Bend Sensor technology. The company sells its products to original equipment manufacturers, manufacturers, or suppliers worldwide. The company was formerly known as Micropoint, Inc. and changed its name to Flexpoint Sensor Systems, Inc. in July 1999. Flexpoint Sensor Systems, Inc. was founded in 1992 and is based in Draper, Utah.

3 Employees
Last Reported Date: 03/30/15
Founded in 1992

flexpoint sensor systems inc (FLXT) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $50.9K
Chief Financial Officer, Controller, Treasure...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

flexpoint sensor systems inc (FLXT) Key Developments

Flexpoint Sensor Systems Inc. Completes Significant Upgrades for Smart Shoe Sensor System

Flexpoint Sensor Systems Inc. announced the redesign of the original PCB (printed circuit board) for the athletic shoe insert is complete. The upgrade is due to the recent release of a new single chip solution that replaces the use of several chips in order to complete the same tasks. This improvement has a major impact on all of the internal hardware, including the firmware, sensor and battery size. Utilizing the new chip will allow the shoe insert to provide optimal performance with a smaller footprint for both the battery and PCB. A lower chip count on the board reduces the cost and size of assembly. The ability to simplify the firmware provides a more robust system from the software side. There is also an improved connection between the sensor and phone or other monitoring device. Additionally, an upgraded sensor connection has been added to the PCB to provide a more durable connection interface. The size of the battery has been reduced by 50% while maintaining the same battery life. Flexpoint's sensors can be recharged while remaining inside the shoe unlike other shoe inserts that must be removed in order to be charged. Pairing the shoes is easier for the end user because the new chip is hardwired to allow for right and left shoe discrimination.

Flexpoint Sensor Systems, Inc. Announces Earnings Results for the Year Ended December 31, 2014

Flexpoint Sensor Systems Inc. announced earnings results for the year ended December 31, 2014. The company's total revenue of $270,284, this compares to $100,754 in total revenue during 2013. This represents a 168.3% increase in revenue. Net loss for the year was $979,315 or 0.02 EPS against a net loss of $960,459 or 0.02 during 2013. Revenue increase was primarily from design and development engineering, prototype products and fully integrated products.

Flexpoint Sensor Systems, Inc. Reaches Manufacturing and Distribution Agreement with Bend Tech LLC for Smart Shoe Sensors

Flexpoint Sensor Systems Inc. announced the finalization of its manufacturing and distribution agreement with Bend Tech LLC for the company's smart shoe insole system. Flexpoint will produce and distribute sensors to Bend Tech, which will be used to create the Mettis Trainer. As a part of the agreement, Flexpoint will make three sensor deliveries to Bend Tech within 180 days from the project's start date of February 24, 2015. Each delivery will include 3,000-5,000 sensors, for a total of 13,000 sensors, and will occur approximately every other month as specified under the terms of the agreement. After the deliveries, Flexpoint will continue to manufacture and deliver sensors to Bend Tech through consistent, periodic purchase orders. The Mettis Trainer uses Flexpoint sensor technology to provide wireless, real-time feedback on a number of performance metrics, including form, balance, power and speed, to help optimize training. Each insert pad features multiple sensors designed by Flexpoint and featuring their patented Bend Sensor® technology. The inserts can be manufactured into different sizes, which can fit within existing shoes or can be manufactured, sized and customized for specific shoes. Flexpoint's sensors are constructed as a single layer so the sensors cannot be damaged or degraded by dust, dirt or other particulates. Moisture and immersion in mud, water, sweat or other substances also do not affect the sensors' performance. The Mettis Trainer product will allow athletes to improve training methods and reduce injuries.


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