The Company has completed initial development of a seat impact detection sensor for aircraft and sensors have been sent to the contractor and are currently undergoing further testing. The Company is also working with contractors for the development and use of sensors in another application on interior systems for commercial airplanes. With these new applications the Company is now involved in applications ranging from sensors in hydraulic systems to internal safety systems. In January of this year, the Company announced they are working with a major airline manufacturer in the development of a “poppet valve” to be utilized in the hydraulic systems of aircraft and that the company is also working with the manufacturer of aircraft flight simulators on the incorporation of a Bend Sensor® as a Passenger Presence Detection device in simulators used for pilot training.
Clark Mower, President of Flexpoint Sensor Systems, stated, “We are pleased to announce that we are working with new potential customers who are contractors and suppliers currently providing parts and products to the airline industry. We continue to receive confirmation of the applicability of our technology into a variety of industries and these additional applications of our technology are both similar to, and yet uniquely different from, other applications. Both applications have the potential of being placed in multiple locations throughout the aircraft and have the capability of being utilized in both new aircraft and potentially as a retrofit replacement or additional application in existing aircraft. We anticipate some of these developed applications being utilized in the next 6-12 months. There are tens of thousands of airplanes in the US alone."
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.
Contact:
Flexpoint Sensor Systems
Clark Mower, President, 801-568-5111
Related Headlines
- Flexpoint Announces Additional Airline Applications - Business Wire
- Flexpoint Announces Agreement with Sensor Products Inc. - Business Wire
- Flexpoint Announces Guidance - Business Wire
- Flexpoint Announces Follow-up Production Purchase Order - Business Wire
- Flexpoint Expands Business Model - Business Wire
Posts
No comments:
Post a Comment