Science & Technology
Science and Technology
Science and Technology
Wed, December 3, 2008
Flexpoint Targets Automotive Industry
DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) recently returned from Asia, where they met with several large tier 1 suppliers. The company sees significant progress on the development of new products within the automotive industry.
"Flexpoint had several positive meetings with the potential of significant new products which will replace products currently in automobiles. We are the next generation of sensors with less moving parts and multiple applications. The cutbacks and general conditions of the automotive industry have demanded changes. Large investment by governments to subsidize the industry puts us at the forefront of technological change. New cars will need technologically advanced sensing devises that are less expensive, lighter weight, less complicated and more reliable while providing a greater depth of information. Flexpoint expects unveiling multiple products for this industry next year. The Company is continuing to develop relationships worldwide which will strengthen the potential for the Company to market its products. We will continue to update the marketplace on significant new developments in the near future," explained Clark Mower, president of Flexpoint.
Flexpoint Sensor Systems, Inc. manufactures a patented cutting-edge flexible sensor that has also proven to be an extremely durable switch. The single-layer Bend Sensor(R) product allows for the measurement of mechanical movement, air flow, water flow or even vibration. It can be used as a range of motion sensor, or as a durable and reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls and more.
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.
