Dallas, Texas (December 23, 2011) – StockGuru Shines its Spotlight on Flexpoint Sensor Systems, Inc. (OTCBB: FLXT). Yesterday the Company provided an update of their progress in the automotive industry. The Company closed on December 22, 2011, at $012, trading in a fifty-two week range of $0.10 – 0.64.
The Company is diligently working with automotive manufacturers on a number of applications in the automotive industry. We have now completed the preproduction requirements on one of these applications and are progressing on other applications and working toward a production contract with a major Tier 1 supplier for the first application. The Company anticipates that once these products are in production they will generate millions of dollars in annual revenue.
Clark Mower, President of Flexpoint stated, “I have never been more optimistic about the future of the Company, and the progress of the automotive contracts. While the process has taken longer than originally anticipated, significant advances have and been made and we are moving forward with both the automotive and truck related contracts that have been previously disclosed. Because of the competitive nature of the automotive industry and the size of the Companies involved, we were required to execute confidentiality agreements that prevent us from disclosing details of our relationship, including specifics about the development of the product.”
Mower further stated, The Company continues to actively work on a regular ongoing basis with the manufacturers and Tier 1 suppliers involved and have had discussions on advancing the products and production of the sensors involved even during this week when many in the industry are already beginning their Holiday vacation.
In response to a number of recent inquiries I feel compelled to respond to our shareholders. In my nearly seven years as President of Flexpoint I believe that the opportunities that the company is developing with the automotive, trucking and at least a dozen other applications will result in our best year ever in 2012. As for the ability of the Company to fulfill production orders, let me assure the shareholders that I feel confident that no matter what the size of the contracts or orders received that we have the ability to complete the transaction, and in fact have recently received and delivered a previously unannounced order from Bridgepoint.
I know that our shareholders are result oriented and at this point I feel confident that the Company will be able to deliver results in the near term. We are excited as a Company to move into the New Year with its many opportunities.”
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.
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at [email protected]. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: [email protected].
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031
e-mail: [email protected]