Neonode Inc., (NASDAQ:NEON), the optical touch technology company, announced today that the company was named the Best Optics and Photonics Company of the Year 2012 by renowned organization PhotonicSweden. Neonode was awarded for its contribution to the touch industry due to its technology innovation, successful economic ventures and excellent growth and profitability. Neonode CEO and co-founder Thomas Eriksson will receive the Big Optics and Photonics Award that will be presented during the Optics & Photonics Days in Stockholm on 18-19 October 2012. The Jury’s motivation: “ Neonode is the world leader in its field i.e., touch solutions based on optical IR technology. Their innovative and patented optical IR technology is currently used in mobile phones, tablets and other devices with touchscreens. Neonode has an impressive array of clients including Sony, Amazon, Barnes & Noble and Kobo. The company went from basically being an unknown player to dominate the world market for touch-solutions in e-readers. In 2011, Neonode signed a number of key customer contracts while its revenues more than doubled. In addition, the company also established a compelling platform that facilitates entry into new markets, which has led to 10 new contracts with global automotive, office equipment and tablet manufacturers during 2012.” “We are really excited to receive such a prominent award. This is a testament to our dedicated focus on customer satisfaction, user experience, and continuous innovation. The award is also proof of our commitment to expand Neonode’s global reach, by providing unique and cost efficient touch solutions for rapidly growing worldwide markets,” said Thomas Eriksson, CEO of Neonode Inc. “Neonode is an exceptional example of Sweden’s ability to leverage and commercialize its world leading advanced optics and photonics intelligence base,” said Emil Hällstig, Ph. D., Chairman of PhotonicSweden. PhotonicSweden is an independent organization assigned to create national innovation and growth based on optics and photonics. With founding members like Ericsson, the Royal Institute of Technology, Chalmers and Acreo among others, Photonic Sweden works to create national photonics R&D agendas and to support collaboration between the industry, the academia and research institutes. For more information please visit http://www.photonicsweden.org/ About Neonode MultiSensing Touch Technology: Neonode’s MultiSensing technology, rivaling the best established touch solutions at a fraction of the cost, is currently being incorporated into wide array of high volume color LCD products worldwide: mobile phones, tablets, office equipment, in-car infotainment displays, GPS, gaming devices and toys. The majority of those products are intended to be launched during 2013 and onwards.