This Day On The Street
Continue to site
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

Yanfeng Visteon Automotive Electronics Signs License Agreement With Neonode For Next-Generation GPS Navigation Systems

SANTA CLARA, Calif., Sept. 18, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, today announced that it has signed a multi-year license agreement with Yanfeng Visteon Automotive Electronics Co., Ltd, a Tier One manufacturer and joint venture between Visteon, a Fortune 500 and Barron's 500 company, and Yanfeng Visteon Automotive Trim Systems Co., Ltd. Neonode's versatile and automotive qualified Multisensing ® technology is to be incorporated in to a new GPS navigation platform, expected to go into production in 2014.

"This license agreement with Yanfeng Visteon Automotive Electronics is an exciting opportunity for Neonode as we continue to penetrate the automotive industry and break new ground in the Asia Pacific marketplace," says Thomas Eriksson, CEO of Neonode.

Due to the widespread use of mobile mapping applications, technology convergence, mobile commerce and the increasing number of smartphone platforms (including tablets) the global GPS market is anticipated to grow substantially in near future, with market revenue touching the mark of $10 Billion by 2013 according to Research and Markets recent report "World GPS Market Forecast to 2013."

Neonode's automotive qualified touch-solutions for infotainment and GPS navigation systems offer extended temperature range, glove and pen input, and high resolution. Unlike capacitive touch solutions, Neonode's technology is immune to electrical interference typically present in all vehicle environments. Like all Neonode solutions it also offers optimal sunlight-readability enabled by market-leading optical clarity and a very high accuracy with real-time response times.

About Visteon & Yanfeng Visteon Automotive Electronics Co., Ltd

Visteon is a leading global automotive supplier which designs, engineers and manufactures innovative components and systems for virtually every vehicle manufacturer worldwide, and these businesses generated more than $15 billion in sales in 2012. Yanfeng Visteon is a successful China-based partnership between Visteon and Shanghai Automotive Industry Corporation's automotive components group, Huayu Automotive Systems, which operates the largest electronics technology research and development center in Asia.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs