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Flexpoint Announces Use of Sensors for Airline and Aircraft Applications

^{Published on 2010-01-07 18:01:04 - Market Wire}
 

DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) announced that they are working with a major airline manufacturer in the development of a "poppet valve" to be utilized in the hydraulic systems of aircraft. The valve will utilize the Bend Sensor^® in its design. The company is also working with the manufacturer of aircraft flight simulators on the incorporation of a Bend Sensor^® as a Passenger Presence Detection device in simulators used for pilot training.

Poppet valves are of very robust and resilient construction for use in directional control valves. They are usually very tolerant of typical contaminants (rust, scale, etc). This type of valve construction is typically characterized as being a high flow, fast acting design. The bend sensor is ideally suited for this type of application because of its ability to handle exposure to a wide variety of liquids and harsh environments. The single layer construction, overall durability, and its chemical resistant properties make the Bend Sensor^® a good solution for this type of application.

The application of the Bend Sensor^® in the simulator seems to be an ideal fit since the Bend Sensor^® has already proven itself as a reliable and dependable Passenger Presence Detection device and is currently being used for this application in emergency vehicles.

Clark Mower, President of Flexpoint Sensor Systems, stated, "We are pleased to be working with two separate companies on the application of our Bend Sensor^® technology in the airline/aircraft industry. Initial testing with both companies has gone well. We are currently in our second design iteration with both applications and expect further development to take place over the next few months. The airline manufacturing company we are working with is a significant and experienced player in the market and has the capacity to incorporate a large number of valves in both new aircraft and potentially as a retrofit replacement in existing aircraft. There are multiple valves in each system and aircraft have redundant systems for safety purposes with tens of thousands of airplanes in the US alone. The simulator market is much smaller, but has a very specialized usage and broad exposure in the industry."

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.