(Oct. 31, 2007, Nanchang, China) Lionax (Euronext stock symbol:MLION) announced today that Kysonix, its wholly-owned subsidiary, is accepted by Yutong Group as its Tire Pressure Monitoring System (TPMS) supplier. Yutong Group is one of the largest bus manufacturers in China. Yutong Group has been seeking TPMS supplier in China and worldwide, and started cooperation with Kysonix since June 2006.

According to statistics, China produced over 150,000 buses in the first half year of 2007. Due to increasing awareness of safety, especially tire safety, China bus industry is very likely to see fast growth in TPMS adoption. Acceptance by Yutong Group demonstrates Lionax's leadership position in this strategic market. It is a key milestone in Lionax's progresses penetrating the expansive Chinese and global TPMS market for bus, truck and other vehicles.

SecuTire TPMS is an award-winning TPMS solution that helps increase driving safety and reduce fuel and tire cost, by helping drivers maintaining proper tire pressure.

For more information, visit www.lionax.com, www.yutong.com