GM Selects Micropoint's Bend Sensor Occupant Detection System for Smart Airbag Technology.SALT LAKE CITY--(BUSINESS WIRE)--March 3, 1999--General Motors (NYSE NYSE See: New York Stock Exchange :GM) has selected the Micropoint (MICP MICP Mobile Intensive Care Paramedic MICP Management Incentive Compensation Plan MICP Multipurpose Information Consumer Profile (healthcare) MICP Methyl Isocyanate Pyridyl Piperazine MICP Maine Irish Children's Program - news) Bend Sensor(R) Occupant occupant n. 1) someone living in a residence or using premises, as a tenant or owner. 2) a person who takes possession of real property or a thing which has no known owner, intending to gain ownership. (See: occupancy) Detection System as the sensing component for its smart airbag implementation program, announced Monday, March 1, 1999, in Automotive News. As noted in the Automotive News article, the model year 2000 Cadillac Seville The Cadillac Seville is a luxury car that was manufactured occasionally by the Cadillac division of American automaker General Motors as a specialty model in the 1950s and 60s, and a regular production vehicle from 1975 to 2004. will be the first automotive platform to use Micropoint's patented Bend Sensor(R) Technology for incorporation into a smart airbag system. An aggressive rollout program has been established for the use of the Bend Sensor(R) Occupant Detection System in other General Motors automotive platforms. Acting through a strategic partnership arrangement with Delphi Automotive (NYSE:DPH DPH Diploma in Public Health. DPH abbr. 1. Diploma in Public Health 2. Doctor of Public Health 3. Doctor of Public Hygiene ), Micropoint will supply the sensors and software, which will be attached to circuit boards manufactured by Delphi Automotive. Delphi, as the Tier One supplier, is coordinating system production. The sensor mats will be manufactured by Flexpoint Inc., the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Micropoint. "We are thrilled to be supplying General Motors with our sensors as they lead the race for smart airbag technology," said Doug Odom, Micropoint's president and chief executive officer. In tests to-date, Micropoint's Bend Sensor(R) Occupant Detection System, has demonstrated the ability to accurately provide occupant information to the airbag system to determine whether the airbag should suppress To stop something or someone; to prevent, prohibit, or subdue. To suppress evidence is to keep it from being admitted at trial by showing either that it was illegally obtained or that it is irrelevant. or deploy. "We feel that this technology is a step-ahead of anything that is currently competing in the market," said Odom. Micropoint is continuing to scale-up for production of its Bend Sensor(R) Occupant Detection System at its newly leased facility in Salt Lake City. Micropoint's Bend Sensor(R) Occupant Detection System consists of proprietary sensor mats and software, which utilize weight sensing and pattern recognition to produce a consistently accurate profile of a seat's occupant. Whether the seat is occupied by an adult, a child, a car seat or a bag of groceries, the Bend Sensor(R) will distinguish the occupant's configuration and trigger an appropriate airbag system response. Micropoint's unique Bend Sensor(R) device measures a predictable change in electrical resistance Electrical resistance Opposition of a circuit to the flow of electric current. Ohm's law states that the current I flowing in a circuit is proportional to the applied potential difference V. as it is deflected de·flect intr. & tr.v. de·flect·ed, de·flect·ing, de·flects To turn aside or cause to turn aside; bend or deviate. [Latin d . It is capable of precisely measuring minute to very large changes in position. Flexible and self-contained Bend Sensor(R) technology can provide an ideal solution to problems associated with numerous applications requiring accurate sensing devices in many industries. The Bend Sensor(R) is thinner, lighter, longer-lived, more reliable and more cost-effective than many previous devices in the sensor industry. Through its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. Flexpoint Inc., Micropoint designs, manufactures and markets flexible Bend Sensor(R) technology for various industries, including the automotive, medical, industrial and toy industries. Micropoint's stock is traded under the symbol MICP. Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, market acceptance, government regulation, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. Specifically, there is no minimum purchase requirement for either Delphi Automotive or General Motors, and there can be no assurance that any sales of such product will result from arrangements described herein. |
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