DRAPER, Utah May 23, 2012 Flexpoint Sensor Systems, Inc
"I am more convinced than ever that it is not a matter of if, but when we begin to realize the potential that we have anticipated over the years," Mower said. "We are building a strong base in a number of different products, many of which have the potential to produce significant revenues over the coming years. One of our strengths is that we are not relying on a single, or even a limited number of products. We have diversified into a number of industries, and many of the products we’ve developed have application over a wide range of industries."
Mower explained that while they had been optimistic in previous revenue projections, that optimism has been based on the schedules and discussions of the companies we are working with, and consequently subject to changes beyond Flexpoint’s control. He continues to be optimistic.
"We are currently developing products with some of the largest and most respected companies in their respective industries and have had to be patient as their scheduling has caused some delays," Mower said. "With these contracts we expect to see a significant increase in the revenues from production."
Mower also noted that they will be more aggressive in their campaign to disseminate product information to the public and will initiate a series of press releases focusing on the individual products the company has developed.
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.
SOURCE Flexpoint Sensor Systems, Inc.