Flexpoint Industrial Applications Market to Top $3.795 Billion by 2017

Flexpoint Sensor Systems explained how the latest developments contributed to the company's overall growth strategy. Together with a new partnership with a well-established wireless company, the integration of completed work on an industrial flow application has promoted Flexpoint to expand its positions in the rapidly-growing industrial sensors market.

Flexpoint's recently declared collaboration with Monnit corresponds with the report by MarketsandMarkets, which recently forecasted 15.58% CAGR for wireless industrial sensor networks over the next five years. Also, the overall market size will increase $3.795 B by 2017. Flexpoint also reported that its work on a mechanical flow application has been accomplished. This achievement marks a major first step into the industrial market.

The complete commercial implementation of technologies will lead to a renewed sales effort. Flexpoint is in the process of gathering applications for a premier sales position that will enable the company to expand its client base and receive revenues for its product portfolio.

Another report on industrial sensing technology shows that pressure, level and flow were exceptional in industrial manufacturing, among the frequently measured properties. Bend Sensor technology is suitable to these types of measurement, creating potential for deployment in industries including metal & mining, oil & gas, water and wastewater, automotive, power, food & beverages, chemicals, pharmaceuticals, textiles, paper, and beyond.

The compact size and durability of Bend Sensor enables efficient embedded mechanical movement applications. Developed in association with Monnit, the sensor can be directly procured online for plug-and-play use, or modified for specific applications.

Source: http://www.flexpoint.com/

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