Flexpoint Sensor Systems, Inc. (FLXT)

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DRAPER, UT / ACCESSWIRE / September 8, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is excited to announce that they have recently entered into a new agreement with a major automotive manufacturer for the design and production of parts to be utilized in the finalization of an innovative application of Flexpoint's technology for cars and trucks to maximize the ride quality of the vehicle. We believe this application will provide significant cost savings over existing systems and lead to wide spread application of this technology.

Clark Mower, President of Flexpoint stated, "We are pleased to see this innovative application advance this quickly and move into manufacturing and assessment. In an April 28 press release we announced that a Fortune 50 automobile manufacturer had filed a patent incorporating Flexpoint's patented Bend Sensor® technology in a system that allows the manufacturer to optimize the ride quality of the vehicle. In a July 13 update release we announced that we were working closely with the manufacturer on implementation of the technology in vehicles. Today's announcement is a critical step towards bringing the system to market and being widely utilized in vehicles."

As previously announced, this technology has been developed to be used in the Fortune 50 manufacturer's vehicles but may also be licensed to other manufacturers for use of Flexpoint's technology in their vehicles. We believe that this new application is positioned to be implemented fairly quickly.

The global market for this product was valued at $55.28 Billion in 2019 and is projected to reach $73.36 Billion by 2027

Please visit http://www.flexpoint.com/ for more