Message #35 From:
NewsBot Date: November 8, 2006 06:15:00 AM
FLXT News Flexpoint Working with Automotive Suppliers on New Application
DRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) today announced the company
is working with a major automotive supplier on development of a new Bend
Sensor® automotive application that reminds
occupants to buckle their seat belts when the vehicle is started. This
technology is commonly found in today’s
marketplace and the company believes they can provide a superior product
at a lower cost.
“As manufacturers and suppliers continue to
test our Bend Sensor®, they are discovering
new applications and additional uses for the technology,”
stated Flexpoint’s Director of Engineering,
David Beck. “A Seat Belt Reminder is commonly
found in all new vehicles and is an ideal application for our Bend Sensor®
technology. Implementing such a device and bringing it to market is
expedited by all of our previous work in seat applications, thereby
significantly reducing the design and testing phase.”
The Seat Belt Reminder Sensor is placed under the vehicle’s
seat(s) to detect the presence of an occupant or other objects on the
seat. Once the sensor detects an occupant, it activates an alert which
could include a light, sound or both to remind the driver or passenger
to fasten the seat belt. These devices are currently required in both
front seats, and could be required in all seats in Europe in the near
future.
The SBR System includes a minimum weight threshold, set by the
manufacturer, to prevent the system from activating when a brief case or
bag of groceries is placed on the seat. The European market has specific
requirements for this type of device, creating a large market
opportunity for this technology.
“We are very excited about this device and
its potential in the marketplace,” stated
Flexpoint’s CEO, Clark Mower. “We
have developed a working prototype that has produced excellent results.
Unlike our Pedestrian Detection System where we are working with the
manufacturers and suppliers from scratch, this device replaces systems
currently on the market with a system we believe features greater
reliability at a significantly lower price point.”
Flexpoint Sensor Systems, Inc.
Manufacturers 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.
