The World's First Consumer Virtual Reality Glove Enters Production Featuring Flexpoint Sensor Systems, Inc.'s Bend Sensor® Technology

DRAPER, Utah, July 21, 2016 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) is pleased to announce it has received the initial production order from the go-to virtual reality data glove company, Manus VR (https://manus-vr.com/). Our sensor solution will help power their exciting and innovative VR gloves. Flexpoint and Manus VR have entered initial production phases of a custom sensor system, which features the Bend Sensor®, for 240 sensor systems.  Flexpoint expects to deliver several hundred thousand sensor systems annually upon full production. Both companies anticipate a rapid growth trajectory for the products globally during the second half of 2016 and beyond.

Manus VR has successfully brought to market the industry's first consumer virtual reality, (VR), glove https://youtu.be/EeI4WIEyE7s. A tremendously feature-rich offering, the glove integrates a number of technologies into a unique and truly inspired design. Manus VR's overall vision is to provide the industry's finest components that integrate with various VR hardware platforms offered by such notable companies as HTC, Oculus, Sony, and others.

The Manus VR glove offers a revolutionary new VR experience. With the Manus VR gloves you can use your hands just as intuitively and seamlessly in the virtual world as you would in real life. Compared to other gaming devices, the Manus VR gloves are more affordable, better accessible and above all, more immersive than any of its predecessors.

Flexpoint engineers collaborated extensively with the Manus VR team over the development lifecycle to incorporate a custom Bend Sensor® design that exceeded the extremely high demands of the overall product design. Manus VR CTO Maarten Witteveen states, "Combining high fashion with precision electronics is a difficult feat to manage. The new flex foil design allows us to create an aesthetically pleasing product without any cluttering wires. We are pleased with the public developer kit which will be released in the coming months."

According to Paul Sexauer, Flexpoint VP Sales and Marketing, "Flexpoint is proud to be fully integrated into the virtual reality product that a prestigious firm like Manus VR is launching.  We anticipate a long term business partnership that is mutually beneficial. This relationship validates and reinforces our unique position in the exciting and rapidly growing VR market."

In addition to the gloves, Manus VR has developed a software development platform https://github.com/ManusVR/ that enables software developers to design and build applications that extend far beyond virtual reality. This opens up a strong portion of the market that includes retail, healthcare, engineering and real estate applications.

Please visit http://www.flexpoint.com/ for more information.

About Manus VR
As the world's first consumer VR glove, the Manus VR glove will revolutionize the traditional consumer gaming market. It is set to play a huge role in the virtual reality revolution. Manus VR believes in open innovation through sharing knowledge and experience. The possibilities of the Manus VR gloves are virtually endless and extend far beyond virtual reality.

In October 2014, Manus VR was selected from 10,000 candidates who took part in the Dutch StartupBootcamp HighTechXL, together with eleven other participants. The program helped Manus VR accelerate and build the business in just three months. After the program's Demo Day in February 2015, the company signed up leading development partners and clients. Furthermore, it was fully funded at record speed, enabling the company to further develop the product.

Since developing the first working prototype in 2014, Manus VR has been a fast growing company. It has grown around 300% in team size and developed a functioning product in combination with an easily accessible SDK.

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. 

Forward-Looking Statements

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.

Contact Information:

Flexpoint Sensor Systems
Clark Mower, President
801-568-5111

Brokers and Analysts
Chesapeake Group
410-825-3930

SOURCE Flexpoint Sensor Systems, Inc.

Related Links

http://www.flexpoint.com