Salt Lake City, Utah, Oct. 25, 2012 - Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) today announced that its innovative partner in wireless sensing technology, Monnit, has released two new products featuring Bend Sensor® technology. One is a seat sensor for occupancy detection and monitoring, Wireless Seat Occupancy Sensor and the other is designed to measure airflow in HVAC systems, Wireless Airflow Sensor.
These products are now available for purchase on Monnit's web site at https://www.monnit.com.
Both products transmit data wirelessly to Monnit's online sensor monitoring and alerting system, which can be easily accessed from any PC or smartphone. The products, which have been under development for the past few months, are designed to meet growing demand for accurate, durable, easy to install occupancy and airflow solutions.
Both of these products target large industries and have multiple applications. There are tens of thousands of entertainment venues and hundreds of thousands of buses in the US alone, which represent just two of the potential markets for the occupancy sensor. HVAC is an $88 billion industry.
Together, Flexpoint's proprietary thin film sensors and Monnit's wireless infrastructure and online system are an ideal combination for easy to use "plug and play" solutions that can be used by clients in transportation, stadiums and theaters, HVAC and other industries.
"Monnit is one of our most innovative partners and we are excited to see these products launch," said Flexpoint CEO Clark Mower. "Over the years we have received numerous inquiries about occupancy monitoring and airflow solutions, and we are excited to be able to offer these great products that use Monnit's excellent web platform."
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.
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. For additional information, please visit www.monnit.com.
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.