stock & financial message boards
  Joined Today: 1

  Login  |  Registration |  Site Map  |  Stock Market Blogs reaching thousands of users every day  |  Recent Activity  |    |

« Previous | Next » | All Messages |  FLXT Message Board Home | recommend post |  Ignore Poster

Message #42
From: TheMachine
Date: July 19, 2008 01:51:42 AM

Flexpoint Announces Tier One Files to Protect Bend Sensors(R) Auto Application


Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) today announced the company has received notification that a European Tier One Parts Supplier has recently filed to protect an automotive seat application utilizing Flexpoint’s Bend Sensor® Technology.

This automotive application features the Bend Sensor® as a switch for a vehicle’s motorized seat adjustments. The sensor technology allows the occupant to adjust the seat at variable speeds and increments, and to quickly and precisely set the optimal comfort position. The sensor is formed in the shape of a seat, which makes it very intuitive and easy to use for the operator. The seat shaped sensor will adjust the seat cushion and backrest in all directions at operator controlled speeds, and will accomplish this with a single, rather than multiple, switch. This system provides for a more innovative, feature enhanced, switch that will also be more lightweight and cost effective.

The Tier One has completed testing of the second generation prototype in an actual seat mock-up and is in the early stages of negotiating an agreement with Flexpoint.

“The filing of this application is an important milestone in our pursuit of significant automotive agreements,” stated Flexpoint’s CEO, Clark Mower. “This seat switch technology is unique to the marketplace and has great potential in the industry. What makes this device so special is its ability to make the smallest adjustments and to provide the occupant with an intuitive control to maximize adjustability and comfort. Not only are we building a better switch but one that is competitively priced with the single speed options currently available on the market.”

Flexpoint Sensor Systems, Inc.

Manufactures a patented cutting edge 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. It can be used as a range of motion sensor, or as a durable, & reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls & more.

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, 801-568-5111
or
Summit Resource Group
Shawn Miller, 800-400-1290


Source: Business Wire (April 15, 2008 - 9:13 AM EDT)

News by QuoteMedia
www.quotemedia.com

« Previous | Next » | All Messages |  FLXT Message Board Home | Ignore Poster