Flexpoint Sensor Systems Inc. (OTCMKTS:FLXT) is a state-of-the-art technology organization that specializes in developing products featuring its patented Bend Sensor and related technology. The Bend Sensor® is a game-changing sensing solution that is revolutionizing applications in the automotive, safety, medical and industrial industries. It is a single-layer; thin film construction that reduces costs and mechanical bulk while introducing a range of functions and stylistic design possibilities that have never before been available in sensing technology.
Market Reaction
On Friday, FLXT stock gained 3.42% to $0.0300 with more than 35K shares, compared to its average volume of 133k shares. The stock moved within a range of $0.0300 – 0.0300 after opening trade at $0.0300.
Flexpoint Expands Virtual Reality Sensor Technology with Bigger Inside
Flexpoint Sensor Systems, Inc. has announced the integration of its patent Bend Sensor technology into Bigger Inside’s innovative and unique approach to the Virtual Reality (VR) gaming experience.
Bigger Inside has come up with eXosuit, which is a free-roaming complete body suit for enabling full and instant interaction from head to toe including the movement of each finger. Now they can offer a physical body to the players, thanks to the eXosuit! The integration of Flexpoint’s technology is a new and innovative application of Bend Sensor Technology and yet another example of this extraordinary technology expanding into other related applications.
Clark Mower, President of Flexpoint, has commented that the team at Flexpoint looks forward to collaborating with groups such as Bigger Inside, with imagination and innovation that thrills everyone. It is amazing to witness the expansion of the Bend Sensor technology into the growing and evolving Virtual Reality world.
He further elaborates how Virtual Reality has become a significant contributor to Flexpoint’s income stream. It represents an ever-thriving market for Flexpoint’s products. It is all the more delightful as the futuristic applications of VR technology are gradually being adapted into automotive uses and other traditional markets. He also said that Benjamin Rolland, CEO of Hardware Development for Bigger Inside, has indicated that they are looking to expand their global presence and searching for partners in the US.
Flexpoint Provides Sensor Technology to Global Battery Manufacturer
A couple of days back, Flexpoint had announced the integration of its Battery Expansion Bend Sensor. At present, the company is providing development, technology, and its Battery Expansion Sensor to a leading global battery manufacturer for advanced testing and integration into battery packs for electronic components. Clark Mower had said that this battery manufacturer would contribute substantially to the company’s future revenues.
Traders Review
FLXT stock is trading below the 20-Day and 50-Day Moving averages of $0.0282 and $0.0315 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0509.
