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Last $0.14 USD
Change Today +0.0065 / 4.87%
Volume 152.8K
FLXT On Other Exchanges
As of 8:10 PM 09/2/15 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
07/17/15 - $0.07
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Average Volume 10 Days
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flexpoint sensor systems inc (FLXT) Details

Flexpoint Sensor Systems, Inc. designs, engineers, manufactures, and sells bend sensor technology and products using its patented Bend Sensor flexible potentiometer technology. The company’s 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, commercial vending equipment, and other devices. Flexpoint Sensor Systems, Inc. sells its products to original equipment manufacturers, manufacturers, or distributors 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: $71.5K
Chief Financial Officer, Controller, Treasure...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

flexpoint sensor systems inc (FLXT) Key Developments

Flexpoint Sensor Systems, Inc. Appoints Paul Sexauer as New Vice President of Sales and Marketing, Effective July 16, 2015

Flexpoint Sensor Systems Inc. announced that Paul Sexauer has joined the company as the vice president of sales and marketing, effective, July 16, 2015. Sexauer will be responsible for developing and implementing sales and marketing operations and strategies worldwide in order to help Flexpoint reach its short term and long term goals. Sexauer brings over 25 years of successful sales management and sales experience with growth oriented software, professional services and technology companies. He has built and led several high performing sales and channels teams to record sales. Sexauer joins the company from Corena where he was the senior director sales, Americas, and responsible for directly dealing with some of the organizations in the world.

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.


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