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Flexpoint Announces RFQ on Universal Sensor

^{Published on 2011-10-18 05:17:45 - Market Wire}
 

DRAPER, Utah--([ BUSINESS WIRE ])--Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) ([ http://www.flexpoint.com ]) announced receipt of a Request for Quotation and delivery timing for 500 of their recently announced Universal Sensors.

The sensors, featuring Flexpointa™s patented Bend Sensor^® technology, will detect whether a seat is occupied or unoccupied and will be effective in many different uses.

Clark Mower, President of Flexpoint Sensor Systems, stated, aWe are pleased to be able to announce this growing interest in the universal sensor. The request was from a company that has ordered in the past and is in anticipation of new production orders. We expect to receive a purchase order in the near future. We anticipate selling several thousand of the universal sensors over the next twelve months and believe that this will lead to additional ongoing purchases of significant numbers of sensors thereafter.a

• About the Bend Sensor: [ www.flexpoint.com/companyInfo/bendSensor.htm ]
• Brochure: [ www.flexpoint.com/technicalDataSheets/FlexpointBrochure1.pdf ]

About Flexpoint

Flexpoint Sensor Systems (FLXT) is a leading supplier of thin film sensing technology to many industries, including automotive, medical, industrial controls, and consumer products.

Flexpoint manufactures a patented new flexible sensor that has also proven to be an extremely durable switch. The single layer Bend Sensor product allows for the measurement of mechanical movement, air flow, water flow, or even vibration. In addition, it has been tested to over 35 million cycles without failure. It can be used as a range of motion sensor, or as a very durable, very reliable switch in most harsh environments. The breadth of applications for our sensor is limited only by one's imagination.

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.