Flexpoint Sensor Systems has signed a Joint Development Agreement for a new modification of Bend Sensor technology that can be incorporated within a narrow tube. Flexpoint's colonoscope project could possibly adopt this novel design. In addition, it can be ideally used in other small diameter applications.
Flexpoint signed this agreement with Mark Woodbury, an ex-worker at Flexpoint who has valuable expertise in Bend Sensor technology. Woodbury will closely work with David Beck, Flexpoint's head engineer, for developing the sensor that is linked to materials differently when compared to that of the earlier Bend Sensors. These novel sensors will contribute to a variety of applications and materials.
According to Flexpoint CEO Clark Mower, advanced operation with colonoscope can be achieved with this new design, further leading to extensive deployment applications requiring a very small sensor. Along with several partner companies, Flexpoint will further expand into multiple industries and this new design will complement the growth of the company in addition to creating new potential prospects. The new sensor type resulted by upgrading the existing technology. The sensor will find its applications in environments that were formerly difficult due to the complexity of linking sensors to various types of media. The company foresees new revolutionary opportunities based on this technology. The company pursues testing and development, which is under progress.
A recent report states that medical sensors market will reach $12.4 B by 2016.
Source: http://www.flexpoint.com/