Flexpoint Sensor Systems Inc's

The company operates in a competitive sensor industry with increasing competition. It faces competitors with longer histories, greater experience, larger financial resources, and more extensive research, development, and marketing capabilities. The company has not yet established a long-term customer base. Similar technology to the company's Bend Sensor® is produced by other firms. Comparable technologies include force transducer sensors and fiber optic sensors. In the medical electronics sector, competitors include potentiometer manufacturers, while in the automotive seat sector, competitors consist of manufacturers of capacitive, piezo, infrared, force sensor resistor, and ultrasonic sensors. Competitors may use their economic strength and established relationships to maintain market share and may develop improved or new products. Additionally, new competitors may enter the market as it expands.