Santa Clara, California, April 7, 2011 – Neonode, Inc. (NEOND.OB), the leading optical touchscreen technology company, today announces that it has signed a technology license agreement with a leading global manufacturer of consumer and business products. Neonode’s optical touch screen solution, zForce®, is planned to be integrated into a series of the customer’s products. At the customer’s request, due to product secrecy issues, the name of the customer and the product categories cannot be released at this time.
“With our latest contract with another market leading company, we are expanding the reach of zForce® into new product areas. This customer has chosen zForce® because of the clear screen view, the increased functionality and lower cost compared to existing technologies. This contract confirms our strong belief that zForce® can improve a wide range of products and applications,” 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, automotive applications, mobile internet and tablet devices.
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