DRAPER, Utah, Nov 01, 2011 (BUSINESS WIRE) -- Flexpoint Sensor Systems, Inc. /quotes/zigman/342781 FLXT -11.18% http://www.flexpoint.com announced that they have recently executed a Marketing and Agency Agreement with Mobicon Group Limited, of Hong Kong to market Flexpoint sensors and specialty products in China and Asia. Mobicon recently featured Flexpoint's patented Bend Sensors(R) and Bend Sensor technology at "electronicAsia" 2011 in Hong Kong.

About Mobicon Group, Ltd.

Mobicon Electronic Supplies Company (today's Mobicon Group Limited) was established in 1983, initially engaged in the retail and wholesale business of electronic and computer components. In 2001, Mobicon went public on the Main Board of the Stock Exchange of Hong Kong Limited. Today, Mobicon's business reaches globally. They continue in the trading and distribution of electronic components, equipment, automation, computer and computer accessories, and have over 5000 customers located in 72 countries. They have developed close relationship with over 500 suppliers.

Clark Mower, President of Flexpoint stated, "We are very pleased to announce this Marketing and Agency Agreement with a prestigious and experienced company like Mobicon and believe that it will open the door to development of additional business and the development of new products in the future.. Mobicon is a leader in the marketing and distribution of electronic components in Asia and has been very aggressive in representing Flexpoint in Asia. Their marketing effort will include existing products as well as newly developed products. We believe that this will open up new markets and bring additional business to Flexpoint."