SOURCE: AJ Greentech Holdings Ltd.

May 16, 2016 08:00 ET

AJ Greentech Holdings Acquires 100% Equity of SkyEye:DMS to Make Entrance Into IOT and iCloud Security Business

NEW YORK, NY and TAIPEI, TAIWAN--(Marketwired - May 16, 2016) -  AJ Greentech Holdings Ltd. (OTC PINK: AJGH), a leading developer, manufacturer and distributor of green energy, announced today that it has reached an acquisition agreement with SkyEye:DMS, a company that analyzes each registered driver's behavior and to form various reports, all to improve the driver's driving behavior towards mobility and safety on the road.

After the acquisition, AJ Greentech will aim to install SkyEye:DMS systems in each of its security convoy vehicles. SkyEye's hardware function is to collect the driver's driving status and record driving videos and then upload the necessary data to a cloud-based server. With AJ Greentech acquiring SkyEye, the hardware can be used to monitor the safety of the car and the driver, to successfully improve both mobility and safety on the road. This expansion will allow AJ Greentech to enter the cloud security business.

Chu Li An, Chief Executive Officer, commented, "This acquisition represents a substantial step forward for the company. SkyEye has demonstrated its capability as a driver awareness program. Our presence in a vast array of sectors will allow us to use the technology presented here to its fullest capacity. Our commitment to security and reducing accidents not only is a part of our stationary center business model, but it stretches to the open road as well."

About AJ Greentech Holdings Ltd.

AJ Greentech Holdings is a full-service environmental technologies and R&D firm dedicated to providing innovative solutions to communities, industries and governments addressing the issues of green energy, environmental protection and sustainability. It offers innovative solutions for Green Transportation, Green Energy and Sustainability. AJ Greentech integrates its own native advanced technologies along with third-party technologies and systems to provide its customers with the most effective and economical solutions. Additional information about the company is available at: www.aj-holding.com 

Forward-Looking Statements:

This release contains certain "forward-looking statements" relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Contact Information

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    AJ Greentech Holdings Ltd.
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