SANTA CLARA, Calif., Oct. 16, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, announced today the release of its second-generation single chip touch and proximity IC, the NN1002. Neonode has developed the NN1002 in collaboration with Texas Instruments to improve optical-touch system performance, cost, and functionality for PCs, printers, tablets, smartphones, wearables, autos, and Internet of Things applications. The NN1002 is developed to support efficient scanning even for larger screens such as notebooks, monitors, and larger handheld devices. The NN1002 also offers a self-scanning mode where the host can remain in sleep mode until a touch or proximity event is triggered. This self-scanning mode effectively removes the need for an external microcontroller, while lowering the total system cost for OEMs. The chip can also replace other components such as white/visible LED-drivers, and I/O port extenders. "We are happy to introduce our second-generation, fully integrated controller which builds on the successful market acceptance of our first-generation IC, the NN1001. The chip allows manufacturers to produce low weight, high optical clarity, naked window solutions," says Thomas Eriksson, CEO and Co-founder of Neonode. NN1002 Key Features:
- Higher performance and lower power consumption
- Smaller package and lower cost
- 8 additional I/O ports for controlling backlighting and visible LEDs
- Low power self-scanning (without host)
- SPI pass-through option
Neonode's patented Multisensing technology is developed to support IOT (Internet of Things) applications for a wide range of devices such as mobile phones, tablets and e-readers, toys and gaming consoles, printers, white goods, wearable goods and advanced automotive infotainment systems. Neonode, the Neonode logo, Multisensing, and zForce are trademarks of Neonode Inc. registered in the United States and other countries. Liquid Sensing, It Makes Sense and AlwaysON are trademarks of Neonode Inc. For more information please visit www.neonode.comForward-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. Neonode only releases news of new customer agreements and design wins that are considered to be potentially material. Although every reasonable effort is made to present current and accurate information, Neonode makes no guarantees of any kind. Even if the customer or partner always has the intention to actually launch a commercial product or product line in high volume, there is no guarantee that this will be the case. Besides the touch solution, a commercial product involves many other components and systems that effects the customer's development process.
CONTACT: Investor Relations Neonode: Daniel Gelbtuch P: +1 917.509.9582 Email: firstname.lastname@example.org