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TheStreet Open House

Neonode® Signs License Agreement With One Laptop Per Child

Stock quotes in this article: NEON

Neonode Inc. (NASDAQ:NEON), the MultiSensing touch technology company, announced today a licensing agreement with One Laptop Per Child (OLPC), a non-profit organization that designs, manufactures, and distributes laptops to children worldwide, to embed Neonode’s MultiSensing™ touch technology into the next generation of OLPC’s XO-1.75 laptop, called the XO Touch. The innovative OLPC XO Touch 1.75 is a 7.5” combined laptop and tablet that has a Dual-Mode (sunlight-readable) TFT LCD display which rotates 180 degrees and folds flat over the keyboard for tablet/e-book or game mode.

Embedding the Neonode MultiSensing touch solution will allow OLPC to build a completely new type of rugged laptop-tablet that is extremely fast, cost efficient and energy saving, offering 100% visibility in bright sunlight. This is done without compromising the quality of the first-rate user experience, in full color, and with the highest resolution possible, i.e., 300 dpi. The Neonode MultiSensing technology consists of a state-of-the-art interactive touch user interface that includes gestures, multi-touch, and sweeps at an extraordinary scanning speed of 1000 Hz. Thanks to the energy efficient engineering, consuming just 2W, the XO Touch can be powered through alternative power generators like solar cells or even hand cranks. In addition, Neonode’s green engineering feature, AlwaysON™, enables full gesture activated wake-up of the XO Touch when it is in sleep or off mode.

OLPC, created by faculty members from the MIT Media Lab, sells the laptops in large quantities to governments and private institutions around the world that in turn issue them to children or schools on a basis of one laptop per child.

“We are honored to be collaborating with OLPC to produce the XO Touch, a truly pioneering and sustainable device that shows the broad versatility of our technology. This market entry confirms that our MultiSensing technology makes it possible to create a top class product that is both affordable and extremely energy saving and still has a user interface that is radical enough to satisfy the uncompromising demands of knowledge and entertainment thirsty children,” says Thomas Eriksson, CEO Neonode. “Our company philosophy is to contribute to a better and happier world, and we have the opportunity to do so by supporting OLPC’s mission.”

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