Flexpoint Discusses Recent Trip and Automotive Progress

DRAPER, Utah, Feb. 7, 2012 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com today discussed the progress of their recent trips to the greater Chicago and Detroit areas.

Clark Mower, President of Flexpoint said, "The meetings with the auto manufacturers, OEM's and Tier -1 suppliers went very well.  Not only were we able to advance the bend sensor technology but its applications in the automotive industry. We were able to discuss additional applications with the OEM's and Tier -1 suppliers that we are currently working with.  We were also directed by some of the OEM's to additional suppliers where we were able to discuss three additional applications for our patented Bend Sensor® technology."

Mower continued, "We are excited about the advancements that are being made with the automotive industry toward our first production contract.  The meetings met or exceeded our expectations and, based on the results of the meetings, we could expect to have production contracts for at least three automotive products before the end of the year.  We will be back in Detroit for additional meetings this week.  There was also additional advancement of some development stage products which will require further development, testing and prototyping."

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.