PHOENIX, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Flexpoint Sensor Systems, Inc. (OTCQB: FLXT) (“Company”) is an innovative technology firm specializing in developing products that feature the Company's patented Bend Sensor® and related technology. Company Vice President of Sales and Marketing, Paul Sexauer, talked with Stock Day’s Everett Jolly about what’s on the horizon for 2019.
Jolly started by asking how 2018 is shaping up for Flexpoint, and mentioned the recent news of a five-year agreement that calls for Flexpoint’s patented process, featuring the Bend Sensor® Technology, to be integrated into a system conceptualized by Counted. Sexauer started off by saying that 2018 has seen many accomplishments.
“I think it’s been a very positive year, and great in a number of key market segments,” he explained. “We’ve executed in these segments globally. The key ones have been in virtual reality, medical devices, robotics (which has been a nice plus for us this year), automotive, and consumer electronics. We also entered this year wanting to expand on our channel strategy and I’m happy to say we’ve seen good contribution from resellers and value-added resellers as we’ve put those relationships in place.”
Sexauer then went on to explain Flexpoints’ relationship with Counted that has led to the five-year agreement with hopes of tackling the opioid crisis.
“This technology is geared to monitor opioid dispensing and provide real-time data to all the stakeholders that need to know about it. We’ve signed an exclusive agreement with them.” he said. “We will be in large production mode in Q1 of 2019 and we see that continuing to increase incrementally quarter over quarter throughout the year, and then year over year.”
Sexauer went on to say they were excited about what this means for Flexpoint and what it means to helping fight the opioid crisis. Jolly then asked if there were other markets that could use this application.
“It’s designed to be a medication delivery monitoring system and dispensing monitoring systems. So, theoretically it could be applied to any medication where monitoring and efficacy of security, and medical adherence might apply. It might not just be to opioids. This could expand to other entities.” Sexauer continued, “We have multiple adaptations of the key blister pack product that have been developed and are in later stages of development because there are different types of opioids that get dispensed in different ways. We see tremendous growth in this area.”
Sexauer also told Jolly that they see growth for the company in the VR/AR (virtual reality and augmented reality) space. He says they’ve formed great partnerships in that area and that these partners have seen rapid growth in the B2B sector.
“2019 holds a lot more promise for the B2C side and continued growth in the B2B space. If I were to crystalize it to key areas for us in the year, it would be Medical Devices; certainly the Counted relationship and VR/AR.”
Jolly then asked about what we can expect from Flexpoint in the early quarters of 2019.
“I think we are going to see a significant contribution and growth in the Haemoband relationship through the end of this year and into next year,” said Sexauer. “I think consumer electronics will play a role for us in 2019. When I say consumer electronics I’m focused on OLED and FOLED screen technologies that can be adapted to mobile phones, tablets and a variety of things.”
Sexauer then said he expects to see some growth in the automotive space primarily in the area of occupancy classifications systems (OCS).
To listen to the entire interview with Sexauer, here is a link to the podcast. https://upticknewswire.com/featured-interview-paul-sexauer-of-flexpoint-sensor-systems-inc-otcpink-flxt/
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 18 years. The company is setting a new standard for sensing solutions in the "smart" age of technology.
Contact:
Flexpoint Sensor Systems
Clark Mower, President
801-568-5111
Brokers and Analysts
Chesapeake Group
410-825-3930
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.
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