DRAPER, Utah, Oct. 29, 2013 /PRNewswire/ -- Flexpoint Sensor Systems, Inc.(http://www.flexpoint.com/), (OTCBB:FLXT), today announced that they will be attending the SEMA and AAPEX auto shows in Las Vegas during the second week of November to further relationships with tier one partners and generate new contacts within the automotive industry.
Flexpoint executives will meet with partners from major tier one suppliers to further advance products under development as well as leverage existing connections into additional contacts within the industry.
Flexpoint will aggressively pursue these contacts in the coming weeks to further develop relationships with these companies and expects development on existing projects to heat up following meetings at the Vegas shows.
Last year the SEMA show alone attracted an estimated 60,000 representatives from the auto industry, which provided insight into areas of interest for Flexpoint and inspired new ideas for how the company can expand in the industry. Even more exhibitors are scheduled to participate this year. A unique feature of this show is that it is a trade-only event and is not open to the general public.
The SEMA show is held in conjunction with the AAPEX show which represents the $477 billion global motor vehicle aftermarket with more than 130,000 professionals from around the globe participating in the "Automotive Aftermarket Industry" and will feature nearly 2,400 exhibitors and approximately 5,000 booths. Both shows run from Tuesday, Nov. 5 through Thursday, Nov. 7.
"Even though progress in the automotive industry has been slower than anticipated, we continue to make progress on our multiple automotive applications which are continuing to gain momentum," said Flexpoint CEO Clark Mower. "We continue to receive positive news from our partners concerning the development of our projects and feel our presence at the auto shows in Las Vegas is an important step toward continuing to build success in the auto industry."
Flexpoint Sensor Systems (OTCBB:FLXT) is an innovative technology firm specializing in developing products that feature the Company's patented Bend Sensor® and related technology. The Bend Sensor® is a groundbreaking sensing solution that is revolutionizing applications in the automotive, safety, medical and industrial industries. The Bend Sensor's single-layer, thin film construction cuts costs and mechanical bulk while introducing a range of functions and stylistic design possibilities that have never before been available in sensing technology. Flexpoint's technology and expertise have been recognized by the world's elite business and academic innovators for over 17 years. The company is setting a new standard for sensing solutions in the "smart" age of technology.
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
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