Flexpoint Sensor Systems, Inc. (FLXT)

[Brogan02]

IN CASE YOU MISSED IT:

The five-year agreement calls for Flexpoint’s patented process, featuring the Bend Sensor® Technology to be integrated into a system conceptualized by Counted which provides a mechanism for the tracking of medications and digital distribution of data. The data from the device has the ability to be transmitted to pharmaceutical companies, insurance companies, patients, healthcare providers, law enforcement or the government health care system. The smart packaging system is designed to generate data in real time and has the ability to be sent to a database, operating in the cloud. By monitoring medication adherence and patient compliance, the technology can help stop the abuse of many prescription medications.

During the first and second quarters of 2019, the company anticipates delivering several hundred thousand sensors on a monthly basis with numbers expanding from these levels. We believe this is the most important and most lucrative product with which the company has ever been involved.