DRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT), http://www.flexpoint.com, today announced that it is working with a leading producer of wireless technology to develop wireless capability for its 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 applications of sensors with wireless capability are almost limitless. We have received inquiries on this technology for applications as diverse as monitoring taxi cabs, buses, 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 shareholders on the company. Look for a sign-up for that in the next few weeks."
- About the Bend Sensor: www.flexpoint.com/companyInfo/bendSensor.htm
- 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.