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Flexpoint Sensor Systems, Inc. (FLXT) Discusses Success Of Bend Sensor Technology

|Includes: Flexpoint Sensor Systems, Inc. (FLXT)

Yesterday, Flexpoint Sensor Systems reported updates on the development of 16 commercial applications of its Bend Sensor technology, ranging from safety systems to medical devices. Bend Sensor technology is a key component in a developing safety system for ambulance, garbage, and commercial truck applications that will likely soon be mandated for use in all such vehicles.

The 16 companies currently using and ordering custom made Bend Sensors are developing products that are progressing through advanced stages of development with several on the verge of entering highly lucrative commercial markets.

Flexpoint President, Clark Mower, remarked, "We are seeing our strategy of developing proof of concept through commercial applications continuing to yield results. There are few applications more demanding of performance and reliability than those pertaining to safety and health. It is rewarding to see the acceptance and the efficacy of our patented Bend Sensor technology for clients in these diverse applications."

Over the past several months, Flexpoint has seen its Bend Sensor's reputation for performance, durability, and uniqueness cemented through intensive testing and growing demand for use in a large and growing array of products and devices, including many related to safety.

"As we continue to generate confidence in the Bend Sensor's elite durability and performance, we strengthen our position with prospective clients, and we are confident we will see our product expand into many other industries and products," Mower added. "The bottom line is we believe the products we have in the market and on the horizon could take off at any time, representing millions of dollars in potential revenues, and are only the beginning for the Bend Sensor."

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