STOCKHOLM, Sweden, April 14, 2011 – Neonode, Inc. (NEOND.OB), the optical touchscreen technology company, today announced a license agreement with ASUSTeK, the leading Taiwanese computer, communications and consumer electronic company. Neonode and ASUSTeK have agreed to develop a series of products that will include Neonode’s zForce® optical touch screen solution. The first products using zForce® are planned to be launched later this year.
“I’m very proud to announce an agreement with a leading global company like ASUSTeK. I firmly believe that the combination of our low cost high-performing touch screen and the outstanding know-how and experience of ASUSTeK will make this a win-win for both ASUSTeK and Neonode,” said Thomas Eriksson, CEO of Neonode, Inc.
About Neonode Inc
Neonode Inc is the leading provider of optical touch screen solutions for hand-held and small to midsize devices. Neonode is offering software licenses and engineering design services that enable companies to make high functionality touch screens at a low cost. zForce® is the name of Neonode’s proprietary patented touch screen technology. Neonode Inc is listed on the OTCBB under the symbol NEON.OB. Neonode is a trademark and zForce® is a registered trademark of Neonode Inc.
Neonode’s patented touch solution for portable devices, zForce, is many times more cost effective than any other high performance touch solution in the market today. zForce® supports high resolution pen writing in combination with finger navigation including gestures, multi-touch, sweeps and much more. zForce® doesn’t require an overlay on top of the display window and provide a 100% clear viewing experience. zForce® is the only viable touch screen solution that operates on the new revolutionary reflective display panels. Neonode has signed customer contracts with Sony Corporation and other global OEM’s. zForce® is currently being integrated into a variety of mobile phones, e-Readers, printer products, automotive applications, mobile internet and tablet devices.
ASUS, the world’s top 3 consumer notebook vendor and the maker of the world’s bestselling and most award winning motherboards, is a leading enterprise in the new digital era. ASUS designs and manufactures products that perfectly meet the needs of today’s digital home, office and person, with a broad portfolio that includes motherboards, graphics cards, displays, desktop PCs, notebooks, netbooks, servers, multimedia, wireless solutions, networking devices and mobile phones. Driven by innovation and committed to quality, ASUS won 3,398 awards in 2010, and is widely credited with revolutionizing the PC industry with the Eee PC™. With a global staff of more than 10,000 and a world-class R&D team of 3,000 engineers, the company’s revenue for 2010 was around US$10.1 billion.
This news release contains certain forward-looking statements that involve risks and uncertainties, including statements regarding future products and technology developments. Such statements are only predictions and the company’s actual results may differ materially from those anticipated in these forward-looking statements. Factors that may cause such differences include, but are not limited to, the ability of Neonode to develop and sell new products and technologies. These factors and others are more fully discussed in the documents the company files from time to time with the Securities and Exchange Commission, particularly, the company’s most recent Form 10-K and Form 10-Q. Neonode and the Neonode logo are registered trademarks of Neonode Inc.
For more information, please visit neonode.com or contact
Thomas Eriksson, CEO
Tel: +46 8 667 17 17
Mobile: +46 708 521 337
David Brunton, CFO
Tel: +1 925 768-0620