Replies to post #1358 on Flexpoint Sensor Systems, Inc. (FLXT)

[Shoeman1965]

THE PEOPLE PUTTING OUT THE CURRENT PR'S WROTE THIS PR TWO YEARS AGO KNOWING AT THE TIME AUTO REVENUES DIDNT EXIST AND THAT Q1 EARNINGS WOULD'NT BE RELASES FOR FIVE MONTHS!

Flexpoint Sensor Systems, Inc. Announces Major Developments with Automotive Manufacturer
Considerable revenue from agreement to be recognized in Q4 2015

Nov 18, 2015, 08:00 ET from Flexpoint Sensor Systems, Inc.

DRAPER, Utah, Nov. 18, 2015 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) is pleased to announce it has begun work on a recently executed, advanced stage turnkey design/development agreement with a North American Fortune 100 auto manufacturer.

According to Clark Mower, President of Flexpoint Sensor Systems, "This marks yet another major milestone on a path to success within the automotive industry in general and with this manufacturer in particular. This is particularly satisfying because it marks significant progress on a path we set out on many months ago."

Once completed, this pre-production design/development agreement clears the way for wide-spread adoption and production deployment to begin. Considerable revenue contribution from this agreement will be recognized in Q4 2015, with further revenue recognition coming in Q1 2016. The company expects more significant revenue contribution from this relationship to follow.

The Flexpoint Bend Sensor® has been adapted and designed into a number of now patented automotive applications. "The Bend Sensor® technology has proven to be differentiated to the point where this OEM has seen the value it will bring to their 'design for the future'. Bend Sensor® and Flexpoint differentiate themselves from competitors because of our ability to adapt to a variety of criteria," remarked Paul Sexauer, Flexpoint's VP of Sales & Marketing.

THE ANNUAL REPORT CAME OUT DELAYED IN LATE APRIL WITHOUT SEPERATING OUT THE CONSIDERIBLE Q4 AUTO REVENUES BECAUSE THEY DIDNT EXIST!

THEIR STRATEGY IS THE SAME EACH YEAR, MAKE OUTRAGEOUS CLAIMS WITH FEW DETAILS BACKED BY A DISCLAIMER THEN DUMP AS MUCH NEWLY ISSUED STOCK AS POSSIBLE USING THE 5 MONTH WINDOW BETWEEN Q3 AND THE ANNUAL REPORT.

THE SEC ENFORCEMENT DIVISION WAS TIPPED OFF ABOUT THE PR AND SUBSEQUENT EVENTS THAT FOLLOWED INCLUDING A CONFERENCE CALL WHERE NO OUTSIDE QUESTIONS WERE TAKEN.

LOOKS LIKE MORE OF THE SAME!