Flexpoint Announces Additional Automotive Product

DRAPER, Utah—(BUSINESS WIRE)—January 14, 2009— Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) is engaged in advanced testing and prototype production of a new automotive product with a multibillion-dollar Tier 1 automotive supplier. This well-known supplier currently does business in over 100 countries around the world.

“This product will replace a legacy system currently in use and enhances its reliability and efficiency. This relationship is separate from the recently announced AEC agreement. As the product is commercialized, we expect it to significantly enhance our future revenue streams. We look forward to discussing this project in more detail in the coming months. With the current status of the global economy we believe there will be added pressure on manufacturers and suppliers to reduce costs. New cars will need technologically advanced sensing devices that are less expensive, lighter in weight, less complicated and more reliable. We believe that our sensor meets those requirements and fills that need. We are excited about the challenge and opportunities that these conditions present,” stated Clark Mower, President of Flexpoint Sensor Systems.

The company anticipates commercializing many other products this year in the automotive and medical industries working with both private and government entities.

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.



Contact:

Flexpoint Sensor Systems
Tom Strong, CFO, 801-568-5111

Featured Video
Jobs
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Business Technology Analyst for Surface Water Management at Everett, Washington
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise