SOURCE: AJ Greentech Holdings

AJ Greentech Holdings

June 01, 2016 08:00 ET

AJ Greentech Holdings Enter Into iCloud Security Which Represents Potential Market of $600 Million per Year in Taiwan

NEW YORK, NY and TAIPEI, TAIWAN--(Marketwired - Jun 1, 2016) - AJ Greentech Holdings Ltd. (OTC PINK: AJGH), a leading developer, manufacturer and distributor of green energy, 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.

With over 5 million vehicles currently in Taiwan, SkyEye:DMS expects a $600 million market value per year, charging each commercial vehicle a $10 monthly subscription fee. The self-renewing fee includes technological maintenance and installation of SkyEye:DMS's proprietary surveillance equipment. The Taiwan market will be the stepping stone which allow AJ Greentech to further propagate its name as well as offer its security, IOT and iCloud Security Business to other country and to get into global market for further expansion in the near future.

Chu Li An, Chief Executive Officer, commented, "With increased public support and awareness of the vehicular surveillance systems and services provided under AJ Greentech SkyEye:DMS will continue to see an expanding target market in Taiwan, as well as a greater certainty in consumer-surveillance and protection in the commercial and interior districts. AJ will continue to work in concordance with Taiwan government protocol in creating a safer community to provide for both consumers and drivers in need of greater security and safety on the road."

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 results 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.

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