InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,303.27
(
0.12%
)
US TECH 100
18,062.00
(
-0.10%
)
Dow Jones
40,003.59
(
0.34%
)
Brent Oil
83.76
(
0.00%
)
Bitcoin
66,983.31
(
0.06%
)
Post# of 275589
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

RIGATONI

Send PM Follow Ignore
Followers 1607
Posts 120263
Boards Moderated 3
Alias Born 07/09/2003

RIGATONI

Member Level

Re: None

Wednesday, 12/01/2004 10:06:34 AM

Wednesday, December 01, 2004 10:06:34 AM

Post# of 275589
~ FLXT $1.75 X $1.95 DD Page... *NEW*


Business description summary...


Flexpoint Sensor Systems, Inc. has developed and patented the Bend Sensor® technology. The Bend Sensor is a technological breakthrough that offers a superior solution for applications that require accurate measurement and sensing of deflection, acceleration and range of motion. Global market opportunities include automotive, medical, industrial controls, government, health and fitness, security, computer, aerospace, transportation and consumer products.


~Share structure...

As of August 4, 2004, Flexpoint Sensor Systems, Inc. had a total of 18,798,202 shares of common stock issued and outstanding.

Approximate float... 5 Million.


~Corporate Website...

http://www.flexpoint.com/


~Recent Press Releases...

*Flexpoint Sensor Systems Working on Second Generation of Silo Application
Wednesday September 22, 10:08 am ET

http://www.flexpoint.com/092204_v2.html

*Flexpoint Sensor Systems Updates Progress
Thursday August 19, 11:53 am ET

http://www.flexpoint.com/081904_v2.html

*Flexpoint Sensor Systems Completes Application for Agriculture Industry
Thursday July 22, 9:15 am ET

http://www.flexpoint.com/072204_v2.html

*Flexpoint Sensor Systems Expands Bend Sensor Technology
Wednesday June 16, 9:15 am ET

http://www.flexpoint.com/061604_v2.html

*Flexpoint Sensor Systems Listed in Standard & Poor's Corporation Records
Wednesday June 2, 9:15 am ET

http://www.flexpoint.com/060204_v2.html

*Flexpoint Sensor Systems Enters Negotiations with Tier 1 Automotive Provider
Wednesday May 26, 9:15 am ET

http://www.flexpoint.com/052604_v2.html

*Flexpoint Sensor Systems Begins Engineering Technology for Government Supplier
Tuesday May 18, 9:15 am ET

http://www.flexpoint.com/051804_v2.html

*Flexpoint Sensor Systems, Inc. Begins Fulfilling Initial Order
Wednesday March 17, 9:10 am ET

http://www.flexpoint.com/031704_v2.html

*Flexpoint Sensor Systems Moves Into
New Facility
Thursday March 11, 9:15 am ET

http://www.flexpoint.com/031104_v2.html


Additional press releases may be viewed here...

http://www.flexpoint.com/news_v2.html

~Industry related Articles...

Once people put the pieces together and see where the insurance industry is headed with safety in automobiles and the big boys seek out companies that are players with sensor technology, this stock explodes IMO.But then again, they may have found FLXT already?

http://www.businessweek.com/technology/content/sep2004/tc20040914_8302_tc178.htm

http://www.hondanews.com/CatID1003?mid=2003102935709&mime=asc&archives=t


~Some Product highlights/advantages...

Product Advantages:
Unlike its major competitors, the Bend Sensor® is self-contained and requires no mechanical components. This eliminates the noise normally associated with mechanical swiping and rubbing allowing for greater accuracy than with traditional rotary and linear pots. Furthermore, the Bend Sensor® is not prone to degradation through mechanical contact, so it has a longer life than many competing sensors. The longer life of components means fewer system breakdowns due to mechanical failure, so it is more reliable and less expensive to system operations.


Bend Sensors are easily sealed against harsh environmental conditions without added bulk and have a high temperature range tolerance making them very flexible in their application.

The Bend Sensor® reduces the dimensions of sensor devices by as much as 90%, leading to greater versatility in system design and tremendous cost-savings for the customer. Bend Sensor® is comparable in reliability and product life to competing devices which cost 100 times the price.


~Chart...

http://stockcharts.com/def/servlet/SC.web?c=flxt


~Recent Filings...

http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0001023175-04-000157&nad=

http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0001023175-04-000157&nad=


~Some notes from the filings A, B, C...

A)Nature of Operations - Flexpoint Sensor Systems, Inc. (the Company) is a development stage enterprise engaged principally in designing, engineering, and manufacturing sensor technology and equipment using flexible potentiometer technology. On February 24, 2004, the Company's plan of reorganization was confirmed by the U.S. Bankruptcy Court and the Company emerged from bankruptcy

B)On February 24, 2004, the Bankruptcy Court confirmed the Company's plan of reorganization. The confirmed plan provided for the following:

Reverse Stock Split - The shares of common stock outstanding prior to the confirmation were reverse split on a 1-for-7 basis. All shares amounts are presented in the accompanying financial statements on a post-split basis.

*And here, some indication that at one point FLXT had been in a prior agreement with Delphi.I am wondering if their previous association has been rekindled.Delphi is quite a player in the automotive industry.Their safety products below seem to be in line of what FXLT has been trying to do with their technology...

http://www.delphi.com/

http://www.delphi.com/products/auto/safety/

C)Delphi Automotive Systems Supply Agreement - Flexpoint entered into a Purchase and Supply Agreement (the "Supply Agreement") with Delphi Automotive Systems ("Delphi") in June 1998. Under the terms of the Supply Agreement, the Company was to supply its proprietary sensor mats to Delphi for integration into a weight-based suppression system as a critical part of a smart air bag system. The Supply Agreement provided that such sensor mats were to be exclusively supplied to General Motors, through Delphi, by the Company through 2002. In May 2000, the Supply Agreement was amended, primarily providing for Delphi to make loan payments to the Company to be used directly for Delphi programs. As of December 31, 2000, the Company had received loan payments of $1,700,000 from Delphi.

*I believe if this company lands a contract with one of the Tier 1 companies in the automotive industry, the stock easily goes over $10.00.Of course this is just my opinion and your own Due Diligence and trading decisions are your own.

*Take notice that the company has been doing their filings and keeping them current.This leads me to believe they will be coming off the pink sheets at some point.


You own due diligence, A Must!!


~Rig




Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up