ERJ staff report (DS)
Shenzen, China -- Long-E International, Inc., a manufacturer of automotive electronic systems and components in China said it is working on standards for tyre pressure monitoring systems in China. The announcement was made in the company's annual results statement.
The company said, "In 2008, The Company plans to ... launch the commercial sales of its second generation TPMS product." It added, " the largest area of growth in the short term is expected to be its TPMS products. The Company is currently working with Tianjin Automotive Research Institute to draft product standards for TPMS in China. In addition, Long-E has recently signed contracts with Hafei, Chery, and SGMW, further strengthening its customer base. With an expanding customer base as well as an increase in orders from existing clients, management expects total revenue growth of 35% to 45% in fiscal 2008."
Long-E added, "We are optimistic that market demand for TPMS will continue to grow with the increasing rate of private car ownership in China," said Mr. Bu. "We look forward to leveraging our technical expertise to provide customers with high quality products to ensure safer driving."
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Press release from Long-E
