Flexpoint Sensor Systems Receives 2006 Frost & Sullivan Award for Technology Innovation

Business Wire, August 9, 2006

DRAPER, Utah -- Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) announced today Frost & Sullivan has notified the company they have been awarded the 2006 Technology Innovation Award in the field of Sensors.

Frost & Sullivan's Technology Innovation Award is bestowed upon a company that has carried out new research that has resulted in innovations that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. This award recognizes the quality and depth of a company's research and development program as well as the vision and risk taking that enabled it to undertake such an endeavor.

To chose the award recipient, Frost & Sullivan's analyst team tracks innovations in key hi-tech markets. The selection process includes primary participant interviews and extensive primary and secondary research via the bottom-up approach. The analyst team recognizes a company based on a set of qualitative and quantitative measurements. The analysts also consider the pace of research and technology innovation, and the significance or potential relevance of the innovation to the overall industry. The ultimate award recipient is chosen after a thorough evaluation of this research.

Frost & Sullivan commented in its notification of Flexpoint Sensor Systems, Inc. as the recipient of the 2006 award, that the award was for Flexpoint's innovative approach toward developing a flexible Bend Sensor(R) that can be used for a wide gamut of applications such as measuring changes in pressure, flow, weight, and has potent capabilities to tackle niggling issues that its peer sensing technologies face. What makes the efforts of the company noticeable is the development of a sensing technology that is customizable and has superior sensitivity, with the ability to withstand harsh environments for durations close to 35 million life cycles, where other sensors fail; and all this at a competing cost.

CEO of Flexpoint, Clark Mower, commented; "We are very honored to receive a Technology Innovation Award from the prestigious Frost & Sullivan global growth consulting company. This award not only validates our Bend Sensor technology but our dedication and devotion to bring this technology to market. We are very excited for this recognition and the market awareness this brings."

"Flexpoint's competency for understanding application requirements can be clearly seen from the technology incorporated in their sensing solutions that has helped the company carve a space for itself in the highly competitive and dynamic sensor technology domain," notes Frost & Sullivan Research Analyst Ankit Shukla. "What differentiates the Bend Sensor and will augment its acceptance are: simplicity, high reliability and most of all versatility; characteristics that are highly sought-after but seldom seen thereby, befitting this recognition."

In summary, the Frost & Sullivan 2006 Technology Innovation Award acknowledges Flexpoint Sensor Systems, Inc. for its exceptional contributions to research and technology development through Bend Sensor products that offer a robust and versatile variable resistance technology that has potential applications in a number of areas such as HVAC, automotive, industrial, and medical industries. In an industry such as sensors, where sensitivity to price drives the market acceptance of a technology and its subsequent application in areas such as HVAC, the unique customizability as well as simplicity of the Bend Sensor technology is set to have a positive impact on both technology and market fronts.

Flexpoint Sensor Systems, Inc.

Manufacturers a patented cutting edge flexible sensor, that has also proven to be an extremely durable switch. The single layer Bend Sensor(R) product allows for the measurement of mechanical movement, air flow, water flow or even vibration. It can be used as a range of motion sensor, or as a durable, & reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls & more.

For more information on Frost & Sullivan's Best Practices Awards program please go to www.awards.frost.com.

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.