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Flexpoint and Victor Developing Specialty
Auto Products
January 26, 2011 8:00 AM
ET
DRAPER, Utah, January 26,
2011 (BUSINESS WIRE) -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com announced that they are developing specialty products with Victor S.r.l. of
Italy, http://www.victor-equipment.it, for
the auto and truck industry.
Flexpoint is developing
custom sensors to be used in steering wheels equipped with Victor’s patented RimSence
Technology, an innovative hydrotronic sensing system hidden inside the steering
wheel rim which can be used to provide a variety of safety related functions.
We are adapting our patented Bend Sensor® Technology into custom
switches to be incorporated into the controls mounted on the steering wheel.
Victor develops a wide variety of products for use in automobiles and trucks
for both their OEM and retail clientele.
Massimo Rabaglino, Managing
Director of Victor s.r.l. stated, “Victor clearly sees an excellent opportunity
to integrate Flexpoint’s patented Bend Sensor® in the Victor
RimSense system. This will potentially provide an extremely compact and
cost-effective but precise and sensitive sensor, a basic requirement for
automotives next generation driver fatigue detection systems that require
reliable signals from the steering wheels related to driver activities.”
Clark Mower,
President of Flexpoint stated, “Victor is on the leading edge of product and
process innovation and provides retail and OEM customers throughout the world
with masterfully designed and engineered products. Their innovation and
creativity coupled with the versatility and capability of our sensors provides
a unique opportunity for both Companies to continue to develop products on the
cutting edge of automotive technology. We are excited about the opportunity to
be working with companies like Victor throughout the world. We look forward to
having a fully integrated and functional product to begin marketing during the
next few months. This is just another example of the recognition and
acceptance of our technology by the automotive industry.”
About Victor S.r.l.
Victor S.r.l of Italy is a 30 year old diversified company located in Verona,
Italy. Thanks to the abilities in design, technology and processing of high
quality materials, Victor grew from the hand-crafting steering wheel company it
was to one that today offers a wide range of products for the automotive, truck
and marine industries.
Leading edge product and process innovation is providing Victor’s retail and
OEM customers with masterfully designed and engineered products. Aluminum,
stainless steel, leather, wood and composite materials are forged into the
shapes and colors that clearly differentiate Victor products from the rest of
the field.
As an indicator of the future progress in steering wheel design and
technologies, Victor is also proudly presenting the patented RimSense
Technology, an innovative hydrotronic sensing system hidden inside the steering
wheel rim which can be used to provide a variety of safety related functions.
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.
Flexpoint Sensor
Systems
Clark Mower,
President, 801-568-5111
or
Brokers and Analysts:
Chesapeake Group
410-825-3930
Source: Flexpoint Sensor Systems, Inc.
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