GM Selects Micropoint's Bend Sensor Occupant Detection System
4 March 1999
GM Selects Micropoint's Bend Sensor Occupant Detection System for Smart Airbag TechnologyMicropoint Announces Plans to Supply General Motors With the Critical Sensing Systems in Aggressive Rollout of Smart Airbag-Equipped Vehicles SALT LAKE CITY, March 4 -- General Motors has selected the Micropoint (OTC Bulletin Board: MICP) Bend Sensor(R) Occupant Detection System as the sensing component for its smart airbag implementation program, announced Monday, March 1, 1999, in Automotive News. As noted in the Automotive News article, the model year 2000 Cadillac Seville will be the first automotive platform to use Micropoint's patented Bend Sensor(R) Technology for incorporation into a smart airbag system. An aggressive rollout program has been established for the use of the Bend Sensor(R) Occupant Detection System in other General Motors automotive platforms. Acting through a strategic partnership arrangement with Delphi Automotive , Micropoint will supply the sensors and software, which will be attached to circuit boards manufactured by Delphi Automotive. Delphi, as the Tier One supplier, is coordinating system production. The sensor mats will be manufactured by Flexpoint Inc., the wholly owned subsidiary of Micropoint. "We are thrilled to be supplying General Motors with our sensors as they lead the race for smart airbag technology," said Doug Odom, Micropoint's President and CEO. In tests to-date, Micropoint's Bend Sensor(R) Occupant Detection System, has demonstrated the ability to accurately provide occupant information to the airbag system to determine whether the airbag should suppress or deploy. "We feel that this technology is a step-ahead of anything that is currently competing in the market," said Odom. Micropoint is continuing to scale-up for production of its Bend Sensor(R) Occupant Detection System at its newly leased facility in Salt Lake City, Utah. Micropoint's Bend Sensor(R) Occupant Detection System consists of proprietary sensor mats and software, which utilize weight sensing and pattern recognition to produce a consistently accurate profile of a seat's occupant. Whether the seat is occupied by an adult, a child, a car seat or a bag of groceries, the Bend Sensor(R) will distinguish the occupant's configuration and trigger an appropriate airbag system response. Micropoint's unique Bend Sensor(R) device measures a predictable change in electrical resistance as it is deflected. It is capable of precisely measuring minute to very large changes in position. Flexible and self-contained Bend Sensor(R) technology can provide an ideal solution to problems associated with numerous applications requiring accurate sensing devices in many industries. The Bend Sensor(R) is thinner, lighter, longer-lived, more reliable and more cost-effective than many previous devices in the sensor industry. Through its operating subsidiary Flexpoint Inc., Micropoint designs, manufactures and markets flexible Bend Sensor(R) technology for various industries, including the automotive, medical, industrial and toy industries. Micropoint's stock is traded under the symbol MICP. Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, market acceptance, government regulation, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. Specifically, there is no minimum purchase requirement for either Delphi Automotive or General Motors, and there can be no assurance that any sales of such product will result from arrangements described herein.