Flexpoint Advances in Several Industries

DRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB:FLXT ) announced today significant progress in multiple industries.

Medical Beds The Company announced in November of last year that it had executed a long-term Manufacturing Agreement with a major medical mattress manufacturing company, wherein Flexpoint will manufacture the sensors to be utilized in the medical bed.  The bed is a pressure-managing bed which utilizes Flexpoint Bend Sensor® Technology to precisely identify areas of the body where high pressure skin contact is most vulnerable and redistributing pressure when and where needed. It is the Bend Sensor® Technology that allows the bed to read, interpret and respond to all information. The Company expects to be in production on the sensors for the bed later this year.

The medical bed industry generates approximately $7 billion in revenue annually. Flexpoint expects to supply sensors to meet the great demand for this and similar applications. 

“This is currently our premier product and we expect that a 10% market share of this segment of the industry is achievable over the next few years,” said Clark Mower, President of Flexpoint Sensor Systems.

Theatre Seats

We continue to work with a cinema theatre management firm to place Bend Sensors^® in every seat in a movie theatre to monitor customer’s paid attendance and to identify open available seats.  The Company has supplied several next generation prototype sensors which have undergone extensive and rigorous testing by the theater management firm.  The theater management firm has recently installed sensors in some theater seats to complete the testing process.  This system can be applied to new theatre construction and can also be retrofitted into existing movie theatre complexes.

There are over 37,000 Movie Theater Screens in the US and several times that throughout the world.  It is estimated theater seats are replaced/refurbished approximately every seven years. 

Emergency  Vehicles

The “smart” passenger safety system is installed in the seats of the rear compartment of Emergency Vehicles and provides the driver with constant feed back as to the “seated and secured” status of personnel in the rear of the vehicle.  The product is currently installed in about 20 emergency vehicles with deliveries of an additional 30 units under the second purchase order to begin this month. The system is currently in use in emergency vehicles in the US and is being tested in applications for other types of emergency vehicles.  

Sports Applications

Flexpoint is working closely with a manufacturer to develop several sports related products that the company anticipates could be brought to market before the end of the year.  Working prototypes have been completed and tested.  Designs have been modified and additional prototypes are being developed for further testing before production can begin.  It is expected that these products will be into production before year end. 

Toys

The Company is working with a supplier of products for a major manufacturer of video games on the development of an interactive glove for use with the gaming devices.  The Bend Sensor^® is ideally suited for these applications.  Other products utilizing Bend Sensor^® technology are also being discussed.

While the company has made substantial progress in all these areas over the last few months, the biggest applications likely will be in the automotive industry.  The company plans on updating the public shortly as the company continues to develop multiple products in this industry that will be available in 2009.  “We expect that this year will be a breakout year for the company,” stated Clark Mower, President of Flexpoint Sensor Systems.

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.

Contact:

Flexpoint Sensor Systems

Clark Mower, 801-568-5111

or

Chesapeake Group

Kevin Holmes, (410) 825-3930

Source: Flexpoint Sensor Systems, Inc.