Published:
LIONAX Starts to Deliver TPMS Orders for the African Market
PARIS, April 9 /PRNewswire-FirstCall/ -- 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 focus and 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 andTunisia.
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 throughout 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 fromthe United States andEurope to
Africa, especially targeting countries with strong growth potential in the
southern part of the continent. Countries likeEgypt andNigeria 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, theParis 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 inChina and theUSA.
Contacts:
Financial Dynamics France:
Press Contact Investor Relations
Elodie Marchand Valery Lepinette
elodie.marchand@fd.com valery.lepinette@fd.com
Phone : +33(0)1-47-03-68-17 Phone : +33(0)1-47-03-68-62
SOURCE LIONAX
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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