|By PR Newswire||
|November 30, 2016 10:30 AM EST|
DRAPER, Utah, Nov. 30, 2016 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) is pleased to announce it has recently received production Purchase Orders from award-winning Turkey-based client/partner – Turtela Technology Solutions. In 2015 and 2016, Turtela, producer of smart, technologic and innovative solutions, set out with Flexpoint to develop and commercialize their innovative glove-based technologies.
After gaining early, award winning recognition at the METU Yeni Fikirler Yeni Isler in 2013, Turtela incorporated itself in early 2014. The company went on to receive additional recognition such as First Prize at IGID II Innovation Awards, the TET ProjectMarket3 Award and the Girisimci Isadamlari Vakfi Project/Idea Award.
The Scientific And Technological Research Council Of Turkey (TÜBİTAK-TEYDEP) supports the turSOS project of Turtela. Additionally Inventram supports Turtela for patenting, technology commercialization and information & communication technologies. Inventram, a subsidiary of Turkey's largest conglomerate, Koç Holding, is a technology investment company and incorporated in year 2010.
Turtela currently produces turSOS and turGLOVE which incorporate the Bend Sensor®. Turtela turSOS (Sound of Sign) is a technological glove designed for the hearing impaired that converts Turkish Sign Language into speech in realtime. TurGLOVE has been developed for a broader range of markets such as virtual reality/augmented reality, gaming, Industrial (human-machine interface), entertainment (music and film), military and other application use cases.
According to Paul Sexauer, Flexpoint Vice President Sales and Marketing, "We are pleased to add Turtela to our growing client/partner base and honored to have the Bend Sensor® designed into these innovative technologies. The glove-based wearables market is very exciting for us and one where we are continually differentiating ourselves."
After these initial production orders, Flexpoint anticipates order volume attributable to Turtela to ramp up and increase significantly in 2017 and 2018 as they develop their brands in their various target markets. Sexauer added, "We are looking forward to working proactively with Turtela in any way possible to extend the use of their technology solutions in these rapidly developing global markets."
Please visit http://www.flexpoint.com/ for more information.
About Flexpoint Sensor Systems, Inc.
Flexpoint Sensor Systems, Inc. (FLXT) is an innovative technology firm specializing in developing products that feature the Company's patented Bend Sensor® and related technology. The Bend Sensor® is a groundbreaking sensing solution that is revolutionizing applications in the automotive, safety, medical and industrial industries. The Bend Sensor® single-layer, thin film construction cuts costs and mechanical bulk while introducing a range of functions and stylistic design possibilities that have never before been available in sensing technology. Flexpoint's technology and expertise have been recognized by the world's elite business and academic innovators for over 17 years. The company is setting a new standard for sensing solutions in the "smart" age of technology.
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.
Flexpoint Sensor Systems
Clark Mower, President
Brokers and Analysts
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SOURCE Flexpoint Sensor Systems, Inc.
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