This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Flexpoint Poised To Enter $20.6 Billion Auto Sensors Market

DRAPER, Utah, June 14, 2012 /PRNewswire/ --  Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) today discussed a study on the rapidly growing market for vehicle sensors ahead of major meetings with Fortune 500 auto companies.  

A study by Global Industry Analysts, INC projects growth in the global automotive sensors market to top $20.6 billion by 2017. The report singles out safety and comfort applications for particularly strong growth, two areas in which Bend Sensor® technology is currently in advanced-stage testing and product placement.

"Global market revenues for Safety & Security Automotive Sensors are expected to surge at a fastest CAGR of 9.2% over the analysis period," the report stated.

Flexpoint President Clark Mower expressed enthusiasm for the report's conclusions and noted the impact this growth has had on the company's progress with major U.S. and international car manufacturers.

"We've seen exciting developments in our work with our Fortune 500 auto partners, and this report only serves to confirm the turnaround that the industry has been undergoing," Mower said. "We see our progress dovetailing with the growth described in this article, and we're happy to see that our patience over the past several years is getting closer to a pay off as we approach the pivotal meetings planned for this month."

Flexpoint is poised to take advantage of this precipitous growth in global demand as critical meetings should produce major contracts in the industry. These will, in turn, pave the way for further expansion in the fast-growth industry.  

"We're only scratching the surface of the potential applications for our Bend Sensor technology in the auto industry," Mower said. "We have customers who are currently working on projects spanning everything from family sedans to commercial trucks, and discovering new uses for our product along the way."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs