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Flexpoint Extends Consulting Agreement - Company Readies for Substantial Impact on Automotive Sensor Market

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^{Published in Science and Technology on Thursday, February 10th 2011 at 5:05 GMT by Market Wire}  

DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) [ http://www.flexpoint.com ] announced that they have extended their Agreement with Design HMI LLC, and its principal, Mr. Sukhminder aBobbya Bedi, to advise and consult with the Company in the development of products utilizing Bend Sensor^® Technology specifically for the automotive industry. Mr. Bedi has extensive experience, contacts and knowledge involving product design and development with automotive-related manufacturers and suppliers in the automotive industry, both domestically and internationally.

Clark Mower, President of Flexpoint, stated, aWe are very pleased with the signing of an extension of our current agreement with Mr. Bedi. His expertise, experience and knowledge in the automotive industry are extensive and impressive. He has years of experience with major automotive manufacturers, both in the US and worldwide. We have previously been working under a six-month agreement with Mr. Bedi and are delighted to extend it. The last six months have been the most productive months in the recent history of the Company and we look forward to continued success in this area. As the worldwide automotive sensor market advances at a rate of 11.8% annually through 2014, we expect to receive an increasing portion of this market. We look forward to finalizing additional relationships with partners in the near future thanks to the help of Mr. Bedi.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.