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Flexpoint Discusses Ongoing Business for 2011

^{Published on 2011-01-20 05:05:52 - Market Wire}
 

DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT), [ http://www.flexpoint.com ], announced the following additional information for anticipated business in the upcoming year.

"The company also looks forward to continuing to produce under several of the agreements announced during the past year."

The Company recently announced the goals and milestones expected to be realized this year. Following our announcement we received questions regarding the status of several of our development and production contracts that we announced last. Our announcement last week was not meant to give the impression that the Company was not going to continue to produce under the agreements previously entered into. The announcement stated that aThe company also looks forward to continuing to produce under several of the agreements announced during the past year.a These previously announced agreements include products for a variety of industries including theater seats, emergency vehicles, public transportation, toys, flow measurement, burst detection, presence detection, entertainment industry, US Military and the automotive industry. Not only have we received follow-up business from many of these previously announced contracts, but are also entering into new additional agreements, which we will continue to announce to our shareholders as they occur.

The President of Flexpoint, Clark Mower, stated, aWe are excited about the interest that has been generated by the success we have had with these products. We have never had the volume of inquires and orders that we are now experiencing. This success has placed the Company in an ideal position to continue to expand and build upon these agreements as we generate the larger contracts and licensing agreements that we believe will provide an exciting future for the Company. We are in the process of completing additional agreements and production purchase orders, which will be announced in the near 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.