DRAPER, Utah, Jan. 25, 2012 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT.OB - News) http://www.flexpoint.com today announced that company management is in Detroit and Chicago this week to advance the automotive Bend Sensor® applications.
This trip has been planned and scheduled for meetings with manufacturers, OEM's and Tier -1 suppliers to further the use and development of the patented Bend Sensor® Technology for automotive applications. The meetings involve multiple applications for different manufacturers. The initial focus for the trip is to move current products that have been through the development process into production contracts and for meetings on development stage products and new applications which will include further research and development of the Bend Sensor's® new applications and products that will be developed over the next few years..
The Company recently announced a Bend Sensor® product specifically developed for HTK Engineering and their braking systems. The Company has been made aware that there will be a number of new stories about HTK's system which includes a specifically designed and engineered seat sensor as a significant component of the product. The following is an online link to an initial article written about the HTK technology. http://blog.makezine.com/2012/01/20/the-making-of-a-truck-anti-rollaway-device/
Clark Mower, President of Flexpoint stated, "We are excited to be back in Detroit and continue to enjoy the relationships with the manufacturers, OEM's and Tier -1 suppliers and look forward to continuing to advance specific automobile applications for the Bend Sensor® Technology and finalize the Company's first of many production contracts for our product.
"As evidenced in the article written about the HTK Engineering's braking system, you will see the viability of the Company's technology as a component to their system and the many commercial applications for the sensor. As we have earlier disclosed, this is one of fifteen companies currently using our sensor technology in their various products. This is another attempt to educate shareholders and customers of the long-term commercial viability of the technology."
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.
Flexpoint Sensor Systems
Clark Mower, President, 801-568-5111
Brokers and Analysts:
Chesapeake Group, 410-825-3930
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