Neonode Inc. (NASDAQ:NEON), the MultiSensing touch technology company, announced today a licensing agreement with One Laptop Per Child (OLPC), a non-profit organization that designs, manufactures, and distributes laptops to children worldwide, to embed Neonode’s MultiSensing™ touch technology into the next generation of OLPC’s XO-1.75 laptop, called the XO Touch. The innovative OLPC XO Touch 1.75 is a 7.5” combined laptop and tablet that has a Dual-Mode (sunlight-readable) TFT LCD display which rotates 180 degrees and folds flat over the keyboard for tablet/e-book or game mode. Embedding the Neonode MultiSensing touch solution will allow OLPC to build a completely new type of rugged laptop-tablet that is extremely fast, cost efficient and energy saving, offering 100% visibility in bright sunlight. This is done without compromising the quality of the first-rate user experience, in full color, and with the highest resolution possible, i.e., 300 dpi. The Neonode MultiSensing technology consists of a state-of-the-art interactive touch user interface that includes gestures, multi-touch, and sweeps at an extraordinary scanning speed of 1000 Hz. Thanks to the energy efficient engineering, consuming just 2W, the XO Touch can be powered through alternative power generators like solar cells or even hand cranks. In addition, Neonode’s green engineering feature, AlwaysON™, enables full gesture activated wake-up of the XO Touch when it is in sleep or off mode. OLPC, created by faculty members from the MIT Media Lab, sells the laptops in large quantities to governments and private institutions around the world that in turn issue them to children or schools on a basis of one laptop per child. “We are honored to be collaborating with OLPC to produce the XO Touch, a truly pioneering and sustainable device that shows the broad versatility of our technology. This market entry confirms that our MultiSensing technology makes it possible to create a top class product that is both affordable and extremely energy saving and still has a user interface that is radical enough to satisfy the uncompromising demands of knowledge and entertainment thirsty children,” says Thomas Eriksson, CEO Neonode. “Our company philosophy is to contribute to a better and happier world, and we have the opportunity to do so by supporting OLPC’s mission.”
“OLPC is proud to partner with an organization that shares its appreciation for innovative and transformative technology. Neonode’s expertise in engineering and design will turn the XO Touch, which combines the best features of laptop and tablet, into a next-level innovative machine,” said Rodrigo Arboleda Halaby, Chairman and Chief Executive Officer at OLPCAbout OLPC: One Laptop per Child (OLPC at http://www.laptop.org) is a non-profit organization whose mission is to provide every child in the world access to new channels of learning, sharing and self-expression. In partnership with the public and private sectors and non-governmental organizations and supported by comprehensive implementation and pedagogical services, OLPC seeks to provide each child with a rugged, low-cost, low-power connected laptop that empowers individual learning and growth. About Neonode® Neonode Inc. (NASDAQ:NEON) develops and licenses the next generation of MultiSensing™ touch technologies, enabling 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 technology features such as low latency pen or brush sensing, remarkably high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring. Neonode’s patented MultiSensing™ technology is developed for a wide range of devices like mobile phones, tablets and e-readers, toys and gaming consoles, printers and office equipment, automotive or inflight infotainment systems. NEONODE, the NEONODE Logo and zFORCE are trademarks of Neonode Inc. registered in the United States and other countries. MULTISENSING is a trademark of Neonode Inc. For more information please visit www.neonode.com. 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.