China's LIONAX Secures a Contract on the US Recreational Vehicle Market

PARIS, December 17 -- LIONAX, the first Chinese company listed on Euronext, announced today that it has secured a significant order for Tire Pressure Monitoring Systems (TPMS) for the Recreational Vehicle (RV) market in the United States from the Odyssey Group. The Odyssey Group is a leading auto parts supplier for RV Original Equipment Manufacturers (OEM) and the aftermarket in the U.S.

There are over 8 million RVs in the U.S. and more than 600,000 new vehicles sold every year. Road safety, especially tire safety, has always been of primary concern for the RV industry.

James Yang CEO of LIONAX said : "LIONAX's TPMS products provide a competitive solution for RV manufacturers and owners. This recent order is a key step in LIONAX's implementation of its strategy aimed at penetrating the RV TPMS industry."

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.