INGDAN.Com to Cooperate with ADAS Manufacturer Mobileye

HONG KONG, April 19, 2016 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company," stock code: 400.HK), the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announced that INGDAN.com, the Company's intelligent hardware innovation platform, is strategically collaborating with Mobileye (NYSE: MBLY), a global leading manufacturer in the area of advanced driver assistance systems (ADAS). Under the collaboration, both parties will work together to promote O2O services in the Chinese auto market, INGDAN.com would also be the only partner of Mobileye to promote through O2O channels for its ADAS products in mainland China and Hong Kong. 

Drawing on INGDAN.com's core strengths in online marketing and offline service systems, the platform will begin selling Mobileye's products to retail consumers, travel services agencies, and automotive before- and after-market companies. The sales will promote the uptake and proliferation of ADAS technology and products in China and drive the development of INGDAN.com's intelligent vehicle ecosystem. Under the strategic cooperation, INGDAN.com will also match Mobileye with potential clients from across multiple industries, such as the taxi and public transport industries, in various Chinese cities to help Mobileye grow its presence in the Chinese market, and to ultimately build a safe, intelligent travel system for consumers.

Now the largest intelligent hardware innovation platform in China, INGDAN.com hosts approximately 1,500 auto industry projects, and more than 8,000 hardware suppliers are now registered on the platform. INGDAN.com's auto industry resources are well-positioned to maximise Mobileye's entry and access into the Chinese market.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "It is with great pleasure that I announce our strategic cooperation with Mobileye, which is expected to provide strong support for both INGDAN.com's global visibility and our build-out of an intelligent vehicle sub-ecosystem. Our intelligent hardware enterprise services sharing platform is 'supply chain centric' and focuses on connecting global intelligent hardware entrepreneurs, to China-based supply chain and market resources. We are also proud to be providing services to help IoT innovators implement their production and business plans more efficiently. The intelligent vehicle industry is only one of our growth areas; innovative startups in other industries will gather on our platform as INGDAN.com's supply chain ecosystem continuously improves. INGDAN.com will empower innovators and help them quickly prototype, produce, and distribute their ideas in China's vast market, applying new technologies to better serve society."

About Cogobuy Group

Cogobuy Group is the largest e-commerce service platform serving the electronics manufacturing industry in China. Through the e-commerce platform, which includes a direct sales platform, an online marketplace, and a dedicated team of technical consultants and professional sales representatives, the Company provides customers with comprehensive online and offline services across pre-sale, sale and post-sale stages. The Company serves mainly SME electronics manufacturers.

For further information, please refer to the Company's website at  http://www.cogobuy.com/

About INGDAN.com

INGDAN.com is a platform dedicated to connecting global intelligent hardware entrepreneurs and China-based supply chain resources. The platform provides information on hardware innovation, supply chain data and supply chain demand docking for global IoT innovators and entrepreneurs. It is a one-stop hardware innovation business platform with its core being the "supply chain."

For further information, please refer to the Company's website at http://www.ingdan.com/

About Mobileye N.V.

Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving.  The Company's technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving.  The Company's proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles.  The Company's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving.  The Company's products are or will be integrated into car models from 25 global automakers.  The Company's products are also available in the aftermarket.

For further information, please refer to the Company's website at http://www.mobileye.com/

SOURCE Cogobuy Group

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