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




Review Article Be the first to review this article

Harris

Featured Video
Jobs
GIS Specialist for Metro Wastewater Reclamation District at Denver, Colorado
Upcoming Events
SUE Association at Capitol Skyline Hotel 10 “I” Eye Street, SW Washington, DC - Jul 26, 2018
2018 ENVI Analytics Symposium at The Brown Palace Hotel & Spa Denver CO - Aug 21 - 23, 2018
2018 South Florida GIS Expo at 650 Okeechobee Blvd West Palm Beach FL - Aug 23 - 24, 2018
SPTechCon 2018 at Sheraton Boston Hotel Boston MA - Aug 26 - 29, 2018
Canon: oce crystalPoint
Teledyne Optech
Bentley: -YII 2018 Awards
Interdrone 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+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