Monnit and Flexpoint Announce Wireless Bend Sensor Partnership

DRAPER, UT and KAYSVILLE, UT -- (Marketwire) -- 06/21/12 -- Flexpoint Sensor Systems Inc. (OTCQB: FLXT) (OTCBB: FLXT), a leading supplier of thin film sensing technology that can be used in many industries, including automotive, medical, industrial controls, and consumer products, today announced a partnership with Monnit Corporation (www.monnit.com), a cutting edge supplier of wireless sensing technologies.

The companies have jointly developed a versatile "plug and play" Wireless Flex Sensor that can measure mechanical movement, air flow, water flow, or even vibration. The device transmits this data wirelessly between Monnit's local sensor network gateways and the iMonnit online data monitoring system, which records sensor information and sends notifications via text or email if user-defined conditions are met or exceeded.

"Monnit's wireless technology gives our Bend Sensor a great deal of flexibility by expanding the range of commercial and industrial applications we can pursue," said Flexpoint President Clark Mower. "By using wireless data transmission, we eliminate the cumbersome wiring that often poses challenges to our custom work for clients. Monnit's technology can thus help expedite development of projects and enable us to pursue applications that traditional wiring would have made difficult or impossible."

The device can be readily adapted for everything from door hinges to air ducts for motion and flow measurements. The units can be purchased directly through Monnit sales or online at the Monnit web store.

The new Wireless Flex Sensor complements Monnit's existing line of wireless sensors, which are designed to detect and monitor functions that are critical to business or personal life, including temperature, water, humidity, light, motion, movement, distress and much more. Monnit is an established firm with a host of major clients, including Walgreen's, 3M, HP and Accenture among many others.

All of Monnit's wireless sensors include free basic iMonnit online sensor monitoring with SMS text and email alerting.

"We are excited about the opportunity to work with Flexpoint. They make a great quality product that fits perfectly with our existing line of wireless sensors," said Brad Walters, Founder and CEO of Monnit Corporation. "There are countless ways in which this new sensor can be used and monitored online."

For more information on Monnit sensors, gateways and monitoring call (801) 561-5555 or visit their Website at www.monnit.com.

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About Monnit Corp.
Monnit is a leader in the design and manufacture of turnkey, self-installing, low cost wireless sensor solutions targeted at the commercial, industrial and consumer markets. Monnit's sensing solutions are designed to be easily installed and used by anyone wanting to remotely monitor information and activities, including: temperature, access, water, light, humidity, motion, presence, pressure, voltage, vibration and many other conditions in or around structures, machinery, and various environments.

About Flexpoint
Flexpoint Sensor Systems (FLXT) is a leading developer of thin film sensing technology to many industries, including automotive, medical, industrial controls, and consumer products.

Flexpoint's patented flexible sensor is a single layer Bend Sensor that accurately measures mechanical movement, air flow, water flow, and vibration. It has been tested to over 35 million cycles without failure and can be used as a range of motion sensor, or as a very durable switch in most harsh environments.

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.