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

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