Flexpoint targets $20.6 billion auto sensors market

5929 Flexpoint Sensor Systems has revealed it will target the rapidly growing market for vehicle sensors. A study by Global Industry Analysts projects growth in the global sensors market to top US$20.6 billion by 2017. The report singles out safety and comfort applications for particularly strong growth, two areas in which Flexpoint’s bend sensor technology is currently in advanced-stage testing and product placement.

"We're only scratching the surface of the potential applications for our bend sensor technology in the auto industry," Clark Mower, Flexpoint president said. "We have customers who are currently working on projects spanning everything from family sedans to commercial trucks, and discovering new uses for our product along the way,"