DRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com announced that their patented Bend Sensor® technology will be featured in a product which is being exhibited in the 2011 Shanghai Auto Show. The Shanghai Auto Show will be April 19-28, 2011 at the Shanghai New International Expo Centre. It will be the largest ever and include a special hall for luxury brands.
Flexpoint has been working under a joint development agreement to develop and produce custom sensors which will be featured in a product exhibited at the show.
The President of Flexpoint, Clark Mower, stated, “We are pleased that our Bend Sensor technology was included in this product. I believe that our sensor technology is an ideal fit with their technology and look forward to a long-term continuing development and production relationship with them. I am excited about the progress and the acceptance these products are receiving. These recent developments indicate that the auto industry understands and realizes the value of our sensor technology now more than ever and I feel confident that we are moving toward applications that are leading to multiple long-term production contracts.” Mower continued, “Similar to the LA auto show, our Product will be displayed through one of the largest International Tier-1 Distributors."
Flexpoint also is working on a PowerPoint presentation to be completed for the investing public by mid-April and available on the company website.
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.