Flexpoint Sensor Systems, Inc. Announces Three Major Fortune 100 Companies Entering into Development of the Battery Expansion Sensor

The new and emerging applications of Flexpoint's battery expansion sensor will be at the forefront of battery safety implementation

DRAPER, UT / ACCESSWIRE / October 15, 2019 / Flexpoint Sensor Systems, Inc. FLXT announces collaboration with three fortune 100 companies involving the battery expansion sensor. The overall testing phases range from six to nine months. With confidentiality agreements in place, Flexpoint is now in development with these and other companies to integrate the Battery Expansion Sensor (BXS) into their products.

Flexpoint Sensor Systems, Inc. has designed a low cost, viable solution. The battery expansion sensor is becoming a viable solution for manufacturing for many devices at low cost. Designed to detect the dangerous expansion and stop a Lithium ion or Lithium polymer battery from charging or discharging, the Flexpoint battery expansion sensor was created to prevent thermal runaway-how most battery fires occur. The battery expansion sensor can detect a swollen battery and take appropriate action, effectively shutting it down and sending a notice to the user that the battery is no longer safe.

"Worldwide corporations have confirmed the tremendous capabilities and potential of the battery expansion sensor in multiple sectors, including smart phones, IPADS and other electronic devices. The global acceptance Flexpoint's swell technology is achieving has rapidly gained traction, highlighting the sensor's multifaceted functions. We anticipate a dramatic increase in revenue in the fourth quarter and continued ramping going forward," said Clark Mower, CEO of Flexpoint Sensor Systems, Inc.

About Flexpoint Sensor Systems, Inc.

Flexpoint Sensor Systems, Inc. (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® 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.

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.

Contact Information:
Flexpoint Sensor Systems
Clark Mower, President
801-568-5111

Brokers and Analysts
Chesapeake Group
410-825-3930

SOURCE: Flexpoint Sensor Systems, Inc.