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Flexpoint Announces Progress on the Medical Bed and Related Technologies
Date:4/18/2013

DRAPER, Utah, April 18, 2013 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCQB: FLXT) today announced that it is nearing completion of a potential settlement in the legal case involving a series of products featuring  technologies that use Bend Sensor® technology.

The agreement reinforces Flexpoint's intellectual property rights and provides the company with revenue from all sales of related products moving forward plus provides an opportunity for increased sales as lines are expanded into other products.  The medical bed industry represents an approximately $2 billion industry annually for beds alone.

Clark Mower , President of Flexpoint stated, "We are excited that we are back working together and are working to complete a settlement on the major issues involved. The settlement not only resolves the legal issues, but provides the basis for an ongoing relationship moving forward. The settlement will allow the company to move forward in an industry that has significant potential for the use of our innovative Bend Sensor® technology.  For some years, it has been apparent that the medical bed and related applications have strong interest in the growing medical and home care markets.  We have received numerous inquiries on application of our technology, even during the pendency of the litigation.  These products represent years of innovative development, and we are excited to see them progress and realize their significant market potential."  

About Flexpoint:
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 industr
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SOURCE Flexpoint Sensor Systems, Inc.
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