LIONAX Reaches Key Milestone in its Digital Pressure Sensor Development

PARIS, January 7 -- LIONAX, the first Chinese company listed on Euronext, announces today that it has reached a key milestone in developing the industry's leading next generation Digital Pressure Sensor (DPS). DPS is a critical component in Tire Pressure Monitoring System (TPMS) in terms of both function and cost. In the industry, TPMS manufacturers purchase DPS from third party suppliers like Motorola, Siemens and GE, adding a significant cost to TPMS products.

Leveraging on proprietary innovative "Ring Oscillation" technology, LIONAX's Silicon Valley Office is working with scientists and researchers from SemeFab in UK and Tsinghua university in China to jointly pursue this opportunity. Based on recently available preliminary results, LIONAX expects to have access to the next generation DPS at half to one third of the current market price.

James Yang, LIONAX's CEO, comments: "We are very glad to get the latest results from the lab. LIONAX's proprietary DPS will be much cheaper and with higher performance than what is available in market for TPMS industry. This will ensure our competitiveness for long term, as well as open doors for DPS related opportunities in other industries."

Last minute : LIONAX's R&D has just qualified for a Chinese government grant for innovative companies.

About LIONAX

The Company, listed on Euronext, the Paris stock exchange with stock symbol "MLION", designs and develops innovative Tire Pressure Monitoring System (TPMS) 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.