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Flexpoint Engages MGA Research to Verify Pedestrian Impact
Test Results
DRAPER, Utah--(BUSINESS WIRE)--April 5, 2006--Flexpoint
Sensor Systems, Inc. (OTCBB:FLXT - News) announced today the company will
submit its Pedestrian Impact Detection System to MGA Research to validate
the system's ability to differentiate between a human leg and an inanimate
object as required in the company's protocol for Stage II testing.
MGA Research is widely recognized as one of the leading independent
automotive testing corporations with facilities in New York, Michigan and
Wisconsin. MGA has conducted automotive safety tests since 1980 and list the
National Highway Traffic Safety Administration (NHTSA) as one of its first
customers, a relationship which is very strong today.
MGA Research will analyze Flexpoint's Pedestrian Impact Detection
System through a series of testing procedures to verify that the system can
accurately and reliably distinguish between a human leg and a pole during
impact. These results will then be shared with automakers and suppliers to
expedite the system to market.
"The interest in our technology continues to increase through
our presence at industry exhibitions, and safety summits," stated Flexpoint's
CEO Clark Mower. "The results that we obtained in our testing program
exceeded our own expectations. In addition to verifying the results of our
testing program, the independent testing program will validate our testing
results with current industry standards. While our system has been tested
by several Tier One Suppliers, these results are not shared with other companies
for the obvious competitive reasons. We believe this testing is necessary
to enter the next phase of development."
Mr. Mower continued, "We are honored to have such a reputable
firm conducting our testing and are very confident our technology will exceed
all expectations. Upon completion of this testing, we will then be able to
distribute to Tier One Suppliers independent, third party results by a nationally
recognized and certified facility. This will assist us in current negotiations
as well as in our efforts to attract new customers. These are exciting times
at Flexpoint as we move closer to our automotive goals."
Flexpoint Sensor Systems, Inc. has developed and patented the
Bend Sensor® technology. The Bend Sensor is a technological breakthrough
that offers a superior solution for applications that require accurate measurement
and sensing of deflection, acceleration and range of motion. Global market
opportunities include automotive, medical, industrial controls, government,
health and fitness, security, computer, aerospace, transportation and consumer
products.
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.
Contact:
Flexpoint Sensor Systems, Inc.
John Sindt, 801-568-5111
Or
Summit Resource Group
Shawn Miller, 800-400-1290
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Source: Flexpoint Sensor Systems, Inc.
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