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Flexpoint Updates Advances for the Automotive Industry

^{Published on 2010-11-10 05:12:56 - Market Wire}
 

DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT), [ http://www.flexpoint.com ], today announced that it is experiencing unprecedented success in its efforts to produce sensors for the automotive industry and is optimistic about future business.

Flexpoint and its technology have had significant recent success and advances in the automotive industry, and the Company is working on several applications for its sensors in the automotive field with manufacturers and tier 1 suppliers. Flexpoint has been working and developing a number of new applications for its patented Bend Sensor^® technology over the years, but recently it has been very engaged in finalizing several of these sensor applications for the automotive industry. These advancements would significantly impact the future success of the Company and the Bend Sensor technology.

Clark Mower, President of Flexpoint, stated, "We have recently experienced significant success in presenting our technology to automotive manufacturers and suppliers and believe that this will lead to integration of our patented Bend Sensor^® technology into several automotive-related products and platforms in the near future. I feel confident that we are moving toward applications that will lead to multiple long-term production contracts.a

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.