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Shenzhen Wave Signs License Agreement For Smartphones And Tablets With Neonode®

Stocks in this article: NEON

Neonode Inc., (NASDAQ:NEON), the optical touch technology company, announced today that Shenzhen Wave has licensed its patented Multisensing technology. Shenzhen Wave, which is a Consumer Electronics manufacturer in China, will be embedding Neonode's technology, into their new Android-based smartphones and tablets that are expected to ship in volume by year's end.

The Shenzhen Wave smartphones and tablets will be incorporating Neonode’s Smartphone One platform, which was launched on October 10, 2012. Neonode Smartphone One is a versatile and fully integrated, low-power, multi-touch solution with proximity sensing features. The Smartphone One platform is particularly suited for next generation high-end smartphones and tablets, and is also suited for enhancing the user experience for feature phones.

“We are happy to announce our new partnership with Shenzhen Wave, which is a forward looking company that is rapidly gaining market share in Asia,” said Thomas Eriksson, CEO of Neonode. “We believe our Smartphone One platform to be the perfect choice for Shenzhen Wave's expanding range of mobile devices.”

“We anticipate that Neonode's flexible and high performing Multisensing solution, will provide a strong competitive advantage for our expanding portfolio of tablets and smartphones. Neonode’s leading-edge technology can be seamlessly integrated into our design, which enable us to build cost-efficient, high performing, and low-power devices, that cater to our broadening customer base,” said Shaolin Zhang, Chairman of Shenzhen Wave Group. “We look forward to working closely with Neonode for many years to come,” Mr. Zhang concluded.

About Shenzhen Wave

Shenzhen Wave Group is a high-tech enterprise in China. It was founded in 2001 and has grown to more than 2,000 employees in the last decade. The Company’s headquarter is located in Shenzhen. Based on its various business areas, including mobile communication RF units, dielectric material, precision and super-precision technique machining, surface treatment and multimedia products (mobile TVs, GPS equipment and mobile phone antennae, and mobile phone computers), Wave group has become one of the biggest Chinese group companies. www.wavegroup.net.cn

About Neonode Inc.

Neonode Inc. (NASDAQ:NEON) develops and licenses the next generation of MultiSensing touch technologies, allowing companies to differentiate themselves by making high performing touch solutions at a competitive cost. Neonode is at the forefront of providing unparalleled user experiences that offer significant advantages for OEM's. This includes state-of-the-art technology features such as low latency pen or brush sensing, remarkably high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring.

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