National Press Release
 | LIONAX Delivers TPMS 100,000 Units to T-Comm Europe
Published 2008-08-01 05:00
By LIONAX |
PARIS, August 1 /PRNewswire-FirstCall/ -- LIONAX, the first Chinese
company listed on Euronext, announces today that it has recently supplied
100,000 units of Pressure-Eye Tire Pressure Monitoring System (TPMS) to its
European distributor T-Comm Europe srl (http://www.tcomm-europe.com),
specifically addressing the European truck market from its distribution chain
in Europe. The order was received this April from T-Comm together with a
forecast order of 1.1 million units of Pressure-Eye TPMS for the whole year.
There are over 12.5 million trucks through out Europe. Road safety,
especially tire safety, has always been of primary concern for the truck
industry. In addition to safety benefits, LIONAX TPMS products can also help
truck drivers save on fuel consumption and reduce CO2 emissions by reminding
them to keep proper tire pressure. The EU commission has recently passed
legal regulations making TPMS a mandatory standard application in all
vehicles to improve safety and enhance fuel efficiency.
David Liu COO of LIONAX comments: "LIONAX's TPMS products provide a
competitive solution for truck manufacturers and owners. This recently
delivered shipment is a key step in LIONAX's implementation of its strategy
to penetrate the European truck TPMS industry by cooperating with our
European distributors."
About LIONAX
The Company, listed on Euronext, the Paris stock exchange with stock
symbol "MLION", designs and develops innovative Tire Pressure Monitoring
System (TPMS); navigation integrated product with GPS, TPMS and rear view
camera; and digital pressure sensor for automotive industry. LIONAX's
products help its customers to enhance safety, save money and meet regulatory
requirements affordably. LIONAX makes this possible through technology
innovation, manufacturing excellence, research leadership and best-in-class
team of scientists, engineers and management based in China and the USA.
LIONAX CONTACTS:
Financial Dynamics France:
PRESS
Elodie Marchand
Elodie.Marchand@fd.com
Tel +33(1)47-03-68-17
INVESTOR RELATIONS
Valéry Lepinette
Valery.Lepinette@fd.com
Tel: +33(1)47-03-68-62
SOURCE LIONAX
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