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TUS Cloud Control,the subsidiary of TUS International Limited signed Memorandum of Understanding for Cooperation with Wabco - Forming a strategic cooperation to develop a communication protocol between cloud control and commercial vehicle

20.09.2018

TUS Cloud Control (Beijing) Technology Company Ltd. (“TUS Cloud Control”), the subsidiary of TUS International Limited (“TUS International” or the “Company”, stock code: 872.HK), signed Memorandum of Understanding for Cooperation with WABCO (China) Co., Ltd. (“WABCO” or the “Company”) on 18th Sep 2018.

In this MOU, TUS Cloud and WABCO has formed a strategic cooperation. The Parties are prepared to adequately share their respective superior resources to jointly develop a communication protocol between commercial vehicle and cloud control. By enhancing their competitiveness in their respective markets and industries through the integration of smart IT and commercial vehicle braking and control systems, to jointly promote it as future industry standard (“Solution”). TUS Cloud and WABCO has set up a joint project team to conduct joint workshops following the signature of this MOU for the purposes of defining the development objectives, development tasks of each party and project timeline of the Solution, and targeting to agree on and enter into a Development Agreement (“Development Agreement”) with respect to the development of Solution by the Parties within three months after the execution of this MOU.

The TUS International Limited strives to be an internationally leading smart mobility system provider. The TUS Cloud Control, the subsidiary of TUS International Limited is China's leading provider of autonomous driving vehicle solution which is not only using the intelligent techonolgy in the car but also the integration method of perception,planning and controlling by the Cloud. and TUS cloud control also is one of the main sponsors of the Intelligent Networking Automotive Innovation Center of the Ministry of Industry and Information Technology. The TUS Cloud Control is China's leading provider of automated driving vehicle cloud integration solutions and one of the main sponsors of the Intelligent Networking Automotive Innovation Center of the Ministry of Industry and Information Technology. TUS Cloud Control provides standardized interfaces and trusted security frameworks for intelligent and connected vehicles, govement managers and application service providers, including basic data services, big data storage and mining, application development environments, cloud computing and so on, by the Cloud Control Basic Platform, to build the future intelligent network communication ecology, realize the coordinated control of the whole road network vehicle based on data fusion, through the technology chain, value chain and industrial chain. Also realize the practical application of the intelligent and connected vehicle and the innovation of business models.

WABCO and its Affiliates is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations to enable autonomous driving in the commercial vehicle industry. Today, leading truck, bus and trailer brands worldwide rely on WABCO’s differentiating technologies, including advanced driver assistance, braking, steering and stability control systems. Powered by its vision for accident-free driving and greener transportation solutions, WABCO is also at the forefront of advanced fleet management systems that contribute to commercial fleet efficiency.