Neonode Signs Long Term Agreement With Netronix To Incorporate ZForce© MultiSensingTM In New Versatile Touch Platform

Neonode, Inc. (NEON:OB), the leading multi sensing touch technology company, announced today that its patented zForce © technology will be incorporated in a new six-inch platform currently under development by Netronix, a Taiwanese-based manufacturer of network products and e-readers. The new platform is suited for a wide range of different display types and will be available to industry partners later this year, to be modified based on their specific requests.

“We are thrilled about this agreement with Netronix as it provides a joint opportunity to generate high volume by providing many cost sensitive smaller businesses with a very fast time-to-market, and highly competitive module solution,” says Thomas Eriksson, CEO Neonode.

“Our customers are looking for the best possible user experience which includes the most responsive touch screen, the longest lasting battery life possible and a state of the art viewing/reading capability,” says Repus Hsiung, CEO of Netronix. “Utilizing Neonode's multi sensing technology is a significant advantage for our customers, when it comes to performance and cost benefits,” concluded Hsiung.

About Netronix

Netronix is the designer and manufacturer of network products and eBook Reader total solutions headquartered in Hsinchu/Taiwan.

About Neonode

Neonode, Inc. (OTC BB: NEON) develops and licenses the next generation of proven optical Multi-Sensing 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.

Copyright Business Wire 2010

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