This Day On The Street
Continue to site
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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.23 -1.70%
FB $116.06 -0.57%
GOOG $691.56 0.08%
TSLA $241.70 -2.40%
YHOO $36.31 -0.77%


Chart of I:DJI
DOW 17,685.37 -145.39 -0.82%
S&P 500 2,057.08 -18.73 -0.90%
NASDAQ 4,754.5650 -50.7260 -1.06%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs