Neonode Enters New Market Signing License Agreement With Global Manufacturer Of Displays

Neonode, Inc. (OTC BB: NEON), the leading optical touch technology company, today announced that it has signed a new technology license agreement with a leading global manufacturer of consumer displays. This agreement marks another successful introduction of Neonode’s MultiSensing TM Touch Technologies to new market categories.

The trend indicates a demand for touch enabled user interfaces in all kinds of markets, particularly for high-volume and cost dependent devices such as toys and feature phones, new types of color e-readers and smart office equipment” said Thomas Eriksson, CEO. “This new agreement further validates our strategy to be a leading supplier of exceptional user experiences enabled by our MultiSensing TM Touch Technology, to markets currently dominated by out-of-date technologies and very poor user experiences.”

This agreement marks Neonode’s entrance into its seventh market segment, further advancing the Company’s expansion into new high-volume markets. This latest agreement is based on a multi-year license offer based on Neonode’s patented MultiSensing TM Optical Touch Technology zForce ®.

Due to product secrecy issues, the name of the global manufacturer included in this agreement cannot be disclosed at this time.

About Neonode

Neonode, Inc. (OTC BB: NEON) develops and licenses the next generation of proven optical MultiSensing TM Touch Technologies, enabling companies to differentiate themselves by making high performing touch solutions at a competitive cost. The Neonode Multi-Sensing technology, built on Neonode’s proven touch technology zForce, is optimized for use on any device and with any object. Neonode is at the forefront of providing unparalleled user experiences that offer significant advantages for OEM's. This includes leading technology features such as low latency pen or brush sensing, exceptional high speed scanning, proximity-, pressure- and depth sensing capabilities and object-size measuring.

Neonode’s patented Multi-Sensing solutions is developed for a wide range of devices like smart phones, tablets, toys and gaming consoles, printers and office equipment, e-readers and automotive or inflight infotainment systems. Neonode's Multi-Sensing solutions are found in millions of proven consumer products on today’s market. Neonode's customers include Sony, Barnes & Noble, Oregon Scientific, L&I, Daesung and Sonim. Neonode® and zForce® are registered trademarks of Neonode, Inc.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements relating to expectations, future performance or future events, and product cost, performance, and functionality matters. These statements are based on current assumptions, expectations and information available to Neonode management and involve a number of known and unknown risks, uncertainties and other factors that may cause Neonode's actual results, levels of activity, performance or achievements to be materially different from any expressed or implied by these forward-looking statements.

These risks, uncertainties, and factors are discussed under "Risk Factors" and elsewhere in Neonode's public filings with the U.S. Securities and Exchange Commission from time to time, including Neonode's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. You are advised to carefully consider these various risks, uncertainties and other factors. Although Neonode management believes that the forward-looking statements contained in this press release are reasonable, it can give no assurance that its expectations will be fulfilled. Forward-looking statements are made as of today's date, and Neonode undertakes no duty to update or revise them.

For further information please visit www.neonode.com

Copyright Business Wire 2010

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