Flexpoint Sensor Systems, Inc. Demonstrates New Medical Device developed for Haemoband Surgical, Ltd.

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DRAPER, Utah, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Flexpoint Sensor Systems, Inc. () is pleased to announce a new Cologuide presentation from their strategic Partner, Haemoband Ltd. as Haemoband readies for the commercial launch of the product. The Cologuide, utilizing patented Bend Sensor technology, can be used with almost any make of colonoscope and uses Bluetooth wireless technology to send the data from the procedure.  

Haemoband Surgical identified Flexpoint technology as the appropriate technology for this application.  Because of their unique expertise in bend sensor technology, Flexpoint was subsequently appointed as the principle subcontractor for the project and has enjoyed working in a collaborative effort with Haemoband on this and other medical applications for the past several years.

Cologuide can be safely used in patients with cardiac pacemakers as well as pregnant women. Some of the benefits of the system with the sensor are:

Once activated, the sensor shows on the screen and is then placed into the colonoscope device. Once the colonoscopy device is inserted the sensor is displayed on the screen and indicates the positioning of the colonoscope as it is advanced to the other end of the large intestine. In the demonstration, the cameras are set simultaneously to show what is happening to the colon inside the abdomen, what the Cologuide screen shows, and what the clinician does. The link to the demonstration is and gives a visual presentation of the product.

“We are extremely pleased that our technology is able to assist Haemoband as they work with the medical community with this new revolutionary product,” commented Clark Mower, CEO of Flexpoint. “We believe this product will be beneficial to both companies and will add significant revenue to the future growth of our company,” Mower further stated.

Flexpoint Sensor Systems (FLXT) is a leading supplier of thin film sensing technology to many industries, including automotive, medical, industrial controls, and consumer products.

Flexpoint manufactures a patented new flexible sensor that has also proven to be an extremely durable switch. The single layer product allows for the measurement of mechanical movement, air flow, water flow, or even vibration. In addition, it has been tested to over 35 million cycles without failure. It can be used as a range of motion sensor, or as a very durable, very reliable switch in most harsh environments. The breadth of applications for our sensor is limited only by one's imagination.

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.

Flexpoint Sensor Systems Clark Mower, President 801-568-5111

Brokers and Analysts: Chesapeake Group 410-825-3930

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Globe Newswire: 14:54 GMT Friday 14th September 2018

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