This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Neonode® Lands Design Win With Premier Global OEM Of Home Appliances

Stocks in this article: NEON

Neonode Inc., (NASDAQ:NEON), the optical touch technology company, today announced that it has landed a design win with a premier global home appliance OEM. This win coincides with the launch of Neonode’s new home appliance touch control platform, Multisensing HOME, which targets next generation major and small home appliances.

"We are experiencing increased attention from appliance OEM’s, looking to license and implement our Multisensing solutions, which offer a compelling mix of high-performance, power efficiency, and attractive cost," said Thomas Eriksson, CEO of Neonode.

The Multisensing HOME platform is designed for easy-integration into domestic appliances such as washing machines, dishwashers, stoves, fridge-freezers, microwaves and more. More significantly, it allows appliance OEM’s to replace antiquated button, dials, and resistive touchpads, by integrating high-performance proximity sensing (touchless) and multi-touch controls. This new platform also simplifies OEM production processes, shortens time to market, and reduces the bill of materials (BOM).

Built upon Neonode’s cutting-edge technologies, this platform offers a wide array of Multisensing features, such as:

  • Real-time touch that integrates proximity-sensing and unlimited gestures
  • Tolerance of extreme temperature, vibration, and electromagnetic (EMC) ranges
  • Market-leading power efficiency; under 1 mW
  • Optically clear and glare-free user-interfaces, which are water resistant
  • Product customization helps OEMs differentiate and shorten development cycles
  • Solid-state touch control, which reduces production and warranty costs

Thomas Eriksson continued, "Our new home appliance touch platform addresses all the critical requirements for sturdiness, ultra-low power consumption, and resistance to electrical interference, vibration, and water sprays. It also facilitates elegant industrial design, thereby improving product aesthetics and usability,“ he concluded.

According to a report by Global Industry Analysts, Inc., the global market for major electric household appliances is expected to reach 543 million units by 2015, with the small appliance market eclipsing 616M units.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs