---

DENSO and Toyota Tsusho Win Additional Contract for In-Vehicle ETC Equipment in Chongqing City, China

25 October 2000

DENSO and Toyota Tsusho Win Additional Contract for In-Vehicle ETC Equipment in Chongqing City, China

    SOUTHFIELD, Mich., Oct. 25 DENSO Corporation and Toyota
Tsusho Corporation announced today that they had won an additional contract
for in-vehicle equipment for an Electronic Toll Collection (ETC) System in
Chongqing City in the People's Republic of China.
    The purchase order consists of 14,000 units, scheduled for delivery by the
end of the year.  Both companies were also awarded the first contract with
Chongqing Golden Card R&B Information Technology Industrial Co., Ltd. in April
1999 and have already delivered 7,000 units.
    DENSO is responsible for the design and production of the in-vehicle ETC
equipment while Toyota Tsusho is responsible for distribution to the Chinese
company and acts as a liaison.
    The ETC system has been in service in Chongqing since July 8, 2000, for
payment of passage on three toll bridges over the Changchiang River.
Currently, 7,000 vehicles with DENSO's ETC equipment on board enjoy the
electronic toll service.
    Installation of in-vehicle ETC equipment has been promoted in Chongqing,
mainly targeting taxis and buses which use tickets for toll payment over three
bridges, in order to mitigate traffic congestion and improve efficiency of
toll collection.
    DENSO also supplied its in-vehicle ETC equipment for a pilot operation
that is currently underway in the Tokyo metropolitan area, Japan.
    The Electronic Toll Collection System allows automatic payment of toll
without stopping at a tollgate.  This is made possible through wireless
communications utilizing 5.8 GHz band microwave between the in-vehicle
equipment and an antenna installed at a tollgate.  DENSO, a specialist for
vehicle-to-roadside communication, currently provides in-vehicle ETC equipment
and antennae.
    DENSO Corporation is a global supplier of advanced technology, systems,
and components.  The company employs 81,000 people in 26 countries and
regions.  Consolidated global sales for the fiscal year ending March 31, 2000
totaled US$17.8 billion.
    In North America, DENSO employs 13,000 people at 21 companies.
Consolidated North American sales for 1999 totaled US$3.6 billion.  DENSO
International America, Inc., Southfield, Mich., is the company's North
American headquarters.

    Outline of the Chinese Company Contracted:

      Name of Company:        CHONGQING GOLDEN CARD R&B INFORMATION
                               TECHNOLOGY INDUSTRIAL CO., LTD.
      Principal Business:     Management of toll collection for roads and
                               bridges
      Capital:                5 million yuan (approximately US$694,573)
      Year of Incorporation:  1998