Flexpoint Announces New York Cab Project

Flexpoint Sensor Systems, Inc. (OTCBB: FLXT) http://www.flexpoint.com announced that they are currently working with a Company for the inclusion of a wireless reporting system for seat occupancy for taxi cabs and other “for-hire” vehicles in New York. The Bend Sensor offers a superior solution for applications that require accurate measurement and sensing of deflection, acceleration and range of motion. There are more than 13 thousand taxis operating in the New York area as well as over 40,000 other for-hire vehicles, including “black cars’, commuter vans and ambulettes.

Clark Mower, President of Flexpoint Sensor Systems, stated, “We have sent the prototype units for testing and are currently adapting the PC Boards for inclusion of a Bluetooth system for reporting. They are very anxious to get the system working and installed.”

This technology, paired with our occupant sensing capabilities will allow public transportation to monitor seat occupancy in a more efficient way in New York as well as in cabs in South American countries and Canada.

Mower further stated, “We are excited about this product and the potential revenue stream we will receive from it.”

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.

Copyright Business Wire 2010

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