Flexpoint Sensor Systems, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 20, 2019 at 08:00 am EDT
Share
Flexpoint Sensor Systems, Inc. reported earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported net loss of $266,822 compared to $103,222 a year ago.
Flexpoint Sensor Systems, Inc. is principally engaged in designing, engineering and manufacturing bend sensor technology and products using its patented Bend Sensor technology. The Bend Sensor is a flexible potentiometer; the bend sensor consists of a coated substrate, such as plastic, that changes electrical conductivity as it is bent in a consistent manner. The electronic systems connect to this sensor and measure in detail the amount of bending or movement that occurs in a predictable manner. It has developed various applications and devices using the Bend Sensor technology and is marketing these items: glove systems, automotive products, flow control applications, monitoring systems, swell sensor and other applications. These glove systems, combined with edge software applications, also adapt to a range of other applications, including health rehabilitation, unmanned systems control, smartphone interaction and professional training across multiple industries.