Flexpoint Sensor Systems (FLXT.OB) Sets Solid Expectations for 2011 Based on Momentum and Market Position
Flexpoint Sensor Systems Inc., a leading supplier of thin-film sensing technology for the automotive, medical, industrial and consumer products industries, today announced its anticipated milestones for this year. Flexpoint said it anticipates achieving several goals in 2011, including: • Execution of at least one long-term/multi-year production contract for the automotive industry • Development of additional products for a major automotive supplier • Execution of two more major production contracts with Fortune 500 Companies • Being cash flow positive this year with continued growth in profitability each quarter of 2011 • Ramping up of employees to include the ability to produce…