Flexpoint Anvances Wireless Technology for Sensors
June 22, 2011 8:00 AM
ET
DRAPER, Utah,
June 22, 2011 (BUSINESS WIRE) -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT)
http://www.flexpoint.com today announced
that they are working with a leading producer of wireless technology to develop
wireless capability for their sensors. There is an increasing need for
monitoring of occupancy in everything from theaters to public transportation,
and this technology, coupled with our occupant sensing capability will open many
additional avenues for the sale of our sensors and related systems.
Clark Mower,
President of Flexpoint stated, ?We are excited about the potential for this
application. I believe that the
application of sensors with wireless capability, are almost limitless. We have received inquiries on this
technology for applications as diverse as monitoring taxi cabs, busses, trains
and movie theaters. What adds to the
excitement is that the inquiries have come from numerous sources and locations
as diverse as Europe and South America, as well as several Companies in the US. After final testing and integration,
we anticipate beginning production and marketing of the system during late 2012. I believe that the size of this
market could be in the millions of dollars in the next few years.?
Mower further stated, ?In an effort to further improve our ability to
communicate with the investing public, Flexpoint will soon be posting a CEO cast
on its website that will give more insight to our company and our technologies. We will also in the very near future
be implementing a shareholder email list to give weekly updates to our share
holders on the company. Look for a sign up for that in the next few weeks."
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About the Bend Sensor:
www.flexpoint.com/companyInfo/bendSensor.htm
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Brochure:
www.flexpoint.com/technicalDataSheets/FlexpointBrochure1.pdf
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
Brokers and Analysts:
Chesapeake Group
410-825-3930
Source: Flexpoint Sensor Systems, Inc.
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