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Neonode(R) Signs New License Agreement With A World Leading Global Consumer Electronics OEM

Stocks in this article: NEON

SANTA CLARA, Calif., Sept. 4, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, today announces that it has entered a new worldwide license agreement with a second undisclosed Tier-One Consumer Electronics OEM in South Korea, to incorporate its patented MultiSensing ® technology into high-volume consumer applications.

"This landmark agreement is a major milestone for Neonode, as it is a testament to our ability to deliver outstanding value for the largest global OEMs. We are extremely excited to bring our feature-rich technology to a celebrated global brand of this size and stature," said Thomas Eriksson, CEO of Neonode.

Neonode's increasing success in nascent consumer markets such as tablets, home appliances, wearable tech and PCs, is due to its patented MultiSensing ® technology, which offers OEMs an extraordinary value proposition. In addition to its efficient feature-rich solutions, which enable best-of-breed performance at low cost, Neonode's low latency air gestures, unique form factors (e.g. round multi-touch sensors) and compelling roadmap, provide Consumer Electronics OEMs with a rich palette of possibilities.

"With our exceptional value proposition for touch and proximity solutions, a seamless integration process, and fewer suppliers to manage, Neonode can help licensees drive innovation, speed-up their time to revenue, and deliver an enhanced user experience," Eriksson concludes.

Neonode only releases news of new customer agreements and design wins that are considered to be potentially material. Although every reasonable effort is made to present current and accurate information, Neonode makes no guarantees of any kind. Even if the customer or partner always has the intention to actually launch a commercial product or product line in high volume, there is no guarantee that this will be the case. Besides the touch solution, a commercial product involves many other components and systems that affect the customer's development process.

About Neonode

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 touch 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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