Flexpoint Enters into an Agreement to Supply Its Technology to the Autonomous Vehicle Market

DRAPER, UT / ACCESSWIRE / August 25, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is pleased to announce that the Company has entered into an agreement with a leading manufacturer of autonomous vehicles for the design and production of an impact detection system utilizing Flexpoint’s patented Bend Sensor® technology. This Company is a significant player in autonomous vehicle development and production. The initial order will be delivered within 45 days with the probability of larger scale production occurring during 2022. Flexpoint is involved in the creation of impact detection sensors for this application. We have recently experienced a resurgence in interest in Flexpoint’s technology, especially with the increase in growth of autonomous vehicles. There are many technologies such as radar, lidar (light detection and ranging) and video that allow the car to negotiate the streets and avoid pedestrians. Unfortunately, when a vehicle actually hits something these systems have difficulty recognizing the event. The Flexpoint Impact Detection Sensors are specifically designed to perform this function in an accurate and rapid manner.

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