Lionax Starts to Deliver TPMS Orders for the African Market

PARIS, April 10 /PRNewswire/ -- Lionax, the first Chinese company listed
on Euronext, announces today that it has recently delivered an order of
SecuTire Flash, SecuTire Led, and SecuTire Digital Tire Pressure Monitoring
System (TPMS) to its first African customer: Hi-Speed from Algeria. Mr.
Mohamed Taoquint, CEO of Hi-Speed is extremely interested in Lionax's "Secure
Drive, Green Drive" products. He sees big potential on the African market. He
plans to distribute the full range of Lionax products in his home country and
also export them to neighboring countries such as Morocco and Tunisia.
With this first step on the African market, Lionax sees big potential due
to the fact that there is a population of more than 770 million through out 54
countries over this large continent. Tire safety and fuel economy are
becoming major concerns for individuals and business alike. Lionax is aiming
to expand its global business coverage from the United States and Europe to
Africa, especially targeting countries with strong growth potential in the
southern part of the continent. Countries like Egypt and Nigeria are also
primary targets.
David Liu CMO of LIONAX comments: "Lionax's TPMS products provide a
competitive solution for drivers all over the world. This recent delivered
order is in accordance with Lionax's implementation of its global marketing
strategy that is to provide "Secure Drive, Green Drive" solution worldwide."
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 the automotive industry. Lionax's
products helps its customers to enhance safety, save money and meet regulatory
requirements affordably. LIONAX makes this possible through technology
innovation, manufacturing excellence, research leadership and a best-in-class
team of scientists, engineers and management based in China and the USA.
SOURCE Lionax

Press, Elodie Marchand, 33(0) 1 47 03 68 17, elodie.marchand@fd.com, or
Investor Relations, Valery Lepinette, 33(0) 1 47 03 68 62,
valery.lepinette@fd.com, both of Financial Dynamics France, for Lionax