CORRECTING and REPLACING Flexpoint Sensor Systems to Aggressively Pursue Patented Applications.Business Editors/High-Tech Writers CORRECTION...by Flexpoint Sensor Systems, Inc. DRAPER drap·er n. Chiefly British A dealer in cloth or clothing and dry goods. [Middle English, weaver or seller of cloth, from Old French drapier, from drap, cloth; see , Utah--(BUSINESS WIRE)--April 6, 2004 In BW5429 issued April 6, 2004: First graph, last sentence should read: The company presently owns nine United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. patents and four foreign patents and intends to file additional patents based on enhancements and new applications. (sted The company presently owns nine United States patents based on enhancements and new applications.) FLEXPOINT SENSOR SYSTEMS TO AGGRESSIVELY PURSUE PATENTED APPLICATIONS Flexpoint Sensor Systems, Inc. (Pink Sheets:FLXT FLXT Flex Turn ) today announced plans to commercialize and market the patented automotive applications of the Bend Sensor(R) technology. The company presently owns nine United States patents and four foreign patents and intends to file additional patents based on enhancements and new applications. Of the portfolio of patents, six relate to specific uses of the sensor technology in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . The company will work in conjunction with global suppliers in the industry who could benefit from the Bend Sensor's proven ability. Protected uses include; a system for measuring parameters related to automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of seats, impact detection, and horn controls. "Our primary marketing objectives are to enhance name recognition and generate demand for our products. We intend to market primarily to original equipment manufacturers and believe that once successful, will create additional demand," stated CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Sindt. "While large contracts take significant time and resources, we feel there is great potential to resume or establish new relationships." Flexpoint Sensor Systems, Inc. has developed and patented the Bend Sensor(R) technology. The Bend Sensor(R) is a technological breakthrough that offers a superior solution for applications that require accurate measurement and sensing of deflection deflection /de·flec·tion/ (de-flek´shun) deviation or movement from a straight line or given course, such as from the baseline in electrocardiography. de·flec·tion n. 1. , acceleration, and range of motion. Global market opportunities include automotive, medical, industrial controls, government, health and fitness, security, computer, aerospace, transportation, and consumer products. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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