Message #32 From:
Stock News Bot Date: October 3, 2006 06:15:00 AM
FLXT News Flexpoint's CEO Receives Technology Innovation Award at Frost & Sullivan's Banquet
DRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems Inc. (OTCBB:FLXT) today announced through CEO
Clark Mower the Company received a 2006 Technology Innovation Award in
the field of Sensors at Frost & Sullivan’s
Ceremony held last week.
“This was a great honor for Flexpoint and our
Bend Sensor® Technology as well as a great
opportunity to meet with industry leaders who are interested in learning
about our technology and how they can adopt it in their products,”
stated Flexpoint’s CEO Clark Mower. “This
award comes with prestige and validates our technology to those who
might not have otherwise heard about our sensors.”
Frost & Sullivan's Technology Innovation Award is bestowed upon a
company that has carried out new research that has resulted in
innovations that have or are expected to bring significant contributions
to the industry in terms of adoption, change, and competitive posture.
This award recognizes the quality and depth of a company's research and
development program as well as the vision and risk taking that enabled
it to undertake such an endeavor.
"Flexpoint's competency for understanding application requirements can
be clearly seen from the technology incorporated in their sensing
solutions that has helped the company carve a space for itself in the
highly competitive and dynamic sensor technology domain," notes Frost &
Sullivan Research Analyst Ankit Shukla. "What differentiates the Bend
Sensor and will augment its acceptance are: simplicity, high reliability
and most of all versatility; characteristics that are highly
sought-after but seldom seen, thereby befitting this recognition."
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.
