Flexpoint Sensor Systems, Inc. (FLXT) Expands Manufacturing and Logistical Capacity
3/1/2013 5:26:52 PM
Flexpoint Sensor Systems, the Utah-based developer and supplier of advanced thin-film sensing technology, like their proprietary single-layer Bend Sensor® (which allows for extremely precise, ubiquitous mechanical movement, air flow, water flow, or even vibration sensing), reported entry today into a key partnership that significantly bolsters the company’s assembly, component distribution, manufacturing, and supply-chain logistics capacity.
Well-known, Denver-based, ISO 9001:2008 registered (also ROHS/REACH certified) electronic component distributor and value-added solutions provider, Walker Component Group, will make a powerful strategic ally for FLXT, spring boarding finalization of deals with major companies currently working with Flexpoint, HTK, Intertek, and others on various projects. This deal is a marketing coup that expands FLXT’s manufacturing, assembly, and component acquisition
services footprint enough to resolve the logistical concerns associated with getting the company’s products out the door rapidly and in great number.
The Walker Group has several Fortune 100 clients and has earned a reputation for adept execution of solutions and supply requests, with over 1k clients spanning the upper market echelons and on down into the realm of regional/local firms, who have all come to place ironclad trust in Walker for ready supply of their needs. The leadership Flexpoint has established in innovative engineering and design will really shine now that the company is associated directly with a distinguished and recognizable manufacturing partner like Walker.
CEO of FLXT, Clark Mower, spoke very highly of how this partnership repositions the company in the eyes of groups they deal with on a regular basis. Groups who might get concerned about Flexpoint’s smaller size have their fears assuaged by this partnership, which offers a clear production, purchasing, aggregation, and assembly vector in Walker. Mower also pointed out the stockpiling and warehousing upgrade this deal represents, meaning the company can do bigger trades with higher volumes and at better prices, instead of more piece-meal type jobs.
Customers who are really attracted to FLXT’s incredible sensor technology, but are worried about rolling out a huge deployment in short order, can now rest assured that the firm has the logistical muscle to make it happen. This will satisfy Intertek and users of the HTK Engineering system in particular, who can now forget about worrying over order fulfillment, as the deal presents them with an easy, straightforward methodology akin to the experience of dealing with big automotive manufacturers that use Tier 1 suppliers in conjunction with smaller companies.
Mower’s sentiments were echoed by VP of Sales and Marketing over at Walker Component Group, Mark Rehder, who said that this strategic partnership is a win for both companies. Marrying FLXT’s brilliant technology expertise with Walker’s manufacturing muscle and supply chain prowess is a no-brainer. Rehder called the partnership a compelling platform for the markets and agreed with Mower that the partnership will accelerate negotiations with many current/future clients.
This deal is a shrewd move for FLXT, who can now focus on design and engineering while also providing product consumption end points with the reassurance they need to do bigger deals, as primary assembly, logistical, and manufacturing roles shift over to Walker. Looks like the new partnership has FLXT on-track for large-scale roll out of many of their products within the year and investors will indeed be keen to see the ensuing traction that this new vehicle is capable of producing.
For more information on Flexpoint Sensor Systems, visit www.Flexpoint.com
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