Focuses GNET SYSTSEM as a Global Dash Cam Company

 

The GNET SYSTEM and Amici Group in Singapore and Malaysia become Preferred Global Distribution Partner.

GNET SYSTEM and Amici Group announced that they have entered into definitive agreements for a long-term strategic partnership that is expected to accelerate growth for both companies in the fast-growing, global dash board camera category. The new, innovative partnership leverages the respective strengths of the GNET SYSTEM Company and Amici Group to create compelling value for both companies and their partners.

Importantly, the partnership strategically aligns both companies for the long-term by combining the strength of the Amici Group’s worldwide dash cam industry system with GNET SYSTEM’s dedicated focus and expertise as a leading dash cam player globally.

Details of the Transactions:

Distribution:

The GNET SYSTEM and Amici Group will proceed on their current distribution agreement in the Canada by expanding into additional territories and entering into long-term agreements. The GNET SYSTEM Company will become Amici Group’s preferred distribution partner globally and Amici Group will become The GNET SYSTEM Company’s exclusive dash cam play. These agreements will deliver sustainable value to The GNET SYSTEM’s global system and accelerate Amici Group’s opportunity to grow internationally.

“The GNET SYSTEM Company continues to identify innovative approaches to partnerships that enable us to stay at the forefront of consumer trends in to dash cam industry,” said Jung Jung Joon, Chairman and Chief Executive Officer of the GNET SYSTEM Company. “Our partnership in Amici Group is the fast-growing and attractive global dash cam category. This long-term partnership aligns us with a leading dash cam player globally, brings financial benefit to our Company and our dash cam partners, and supports broader commercial strategies with our customers to bring total dash cam growth opportunities that will also benefit our core business.”

Jung Jung Joon added, “We are excited to evolve our long-time partnership. Amici Group has been an important part of our global system. We believe this partnership will create compelling and sustainable value for our system and our customers.”

“The transaction announced today represents a unique opportunity for Amici Group,” said

Patrick Wong, Chairman and Chief Executive Officer of Amici Group. “We gain enhanced access to The GNET SYSTE Company’s distribution system, the most powerful and extensive system in the world. At the same time, we become The GNET SYSTEM Company’s exclusive dash cam play, with a robust portfolio led by our Amici Group and the GNET SYSTEM Company’s dash cam brands,” Patrick said.

“Our agreement enables us to focus on our dash cam business, while leveraging the strength of The GNET SYSTEM Company’s reliability of quality. Also we expect the transaction to significantly accelerate our growth and results of operations internationally,” Patrick added.

About The GNET SYSTEM Company

GNET SYSTEM is a reliable dash camera manufacturer that has been exporting products. All essential technology for dash cam we accumulated over 20 years has been applied to our dedicated products. Experience a convenient, secure and reliable dash cam.

GNET SYSTEM guarantees that “one-stop service” will provide the best service to our customers, such as fast and accurate feedback. In order to meet the sales standard, the service is carried out through detailed inspection from product plan to production, logistics, and Customer Service.

With continuous innovation through research and development, our commitment to the leader of the automotive security industry will make us the “World’s best company:.

For more information, visit www.gnetsystem.com, follow us on Instagram at https://www.instagram.com/gnetsystem_global/ or find us on Facebook at https://www.facebook.com/gnetsystem.global