DRAPER, Utah, Dec. 5, 2017 /PRNewswire/ -- Flexpoint Sensor Systems today announced it
ranked #382 on Deloitte's Technology Fast 500™; a ranking of the 500 fastest growing technology, media, telecommunications, life
sciences and energy tech companies in North America spanning 2013-2016. Flexpoint grew 210%
percent during this period.
Flexpoint's chief executive officer, Mr. Clark Mower, credits product lifecycle evolution and
market segment focus with the company's significant revenue growth. Mr. Mower said, "We are extremely proud to be listed to
Deloitte's Fast 500 among these other reputable and growing technology companies. Our Bend Sensor® has proven to be a superior
product and widely adaptive to industries including virtual reality/augmented reality, medical rehabilitation, robotics, gaming
and a number of other multi-million and multi-billion dollar sectors. We are projected to have one of our strongest years ever in
2017 and plan to continue this major growth going forward."
"The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class
customer service in driving growth, in a fiercely competitive environment," said Sandra Shirai,
vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "These companies are on the
cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving
remarkable growth while delivering new services and experiences for their customers."
"Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this
year's North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the
emerging growth technology sector will continue to deliver a strong return on investment," said Heather
Gates, national managing director of Deloitte & Touche LLP's emerging growth company practice. "Deloitte is dedicated
to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge
the significant accomplishments of this year's Fast 500 winners."
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to
2016, with median growth of 380 percent.
About Deloitte's 2017 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and
energy tech companies — both public and private — in North America. Technology Fast 500 award
winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or
technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies
must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues
of at least $5 million USD. Additionally, companies must be in business for a minimum of four years
and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its
network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent
entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the
United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using
the "Deloitte" name in the United States and their respective affiliates. Certain services may
not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about
our global network of member firms.
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's 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
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SOURCE Flexpoint Sensor Systems, Inc.