Science & Technology
Science and Technology
Science and Technology
Tue, November 30, 2010 
DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) [ http://www.flexpoint.com ] announced that they have recently made several advancements in their patented Bend Sensor® technology. Advancements include methods of attachment of Bend Sensors® to various materials including the capability to apply Bend Sensor directly to various products.
Clark Mower, President of Flexpoint Sensor Systems, stated, aFlexpoint engineers have made significant recent advancements that have opened many additional applications for the Bend Sensor technology®. We have been working on a number of new applications for the Bend Sensor. It is evident that some of the applications can be enhanced by applying the Bend Sensor® on different substrates and materials. The most exciting part of these advancements is that they have created significant new interest in additional products and applications with the automotive manufacturers and suppliers.a
Mower continued, aThe Company has been working on custom sensors under a joint development agreement with a major Tier 1 supplier. I recently returned from the LA Auto Show and saw our technology featured in a product introduced at the show. The product performed extremely well and was received enthusiastically by both the automotive industry and the public. Our sensor technology is an ideal fit with their technology and we look forward to a long-term relationship with them on the development and production of this and other products. Because of current contractual relationships and the competitive nature of the automotive industry we are unable at this time to disclose the specific product or the identity of the supplier. We are currently looking forward to a joint release and hope to be able to provide more details to shareholders about the product and our relationship in the future.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.
