SANTA CLARA, Calif. – August 9, 2011 – Neonode, Inc. (NEON.OB), the optical touch screen technology company, today announced that it entered into a multi-year technology license agreement with L&I Electronic Technology Co., Ltd, a joint venture between LG Display Co., Ltd and IRIVER Ltd, to use Neonode’s touch screen solution in its new family of touch eReader products that will be sold worldwide.
Neonode continues to strengthen its dominant position in the worldwide touch screen eReader market. Neonode’s patented touch screen technology, zForce®, supports high resolution pen writing in combination with finger navigation that includes gestures, multi-touch, sweeps and much more. Unlike resistive and capacitive touch screens, zForce® touch screens have no overlay on top of the display window and provide a clear viewing experience, free from reflection and parallax effects. zForce® can be used with any display panel including, but not limited to, eInk and LCDs. zForce® is a cost effective, high performance touch solution that is incorporated in many of the world’s eReaders being sold today.
“We are extremely pleased to add L&I (a joint venture between LG Display and IRIVER) as our latest customer using zForce® in eReader products. Both LG display and IRIVER are prestigious companies in their own right and the combination of the two for this new eReader product line should bring added excitement to the marketplace,” 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.
About L&I Electronic Technology Ltd.
L&I Electronic Technology (Dongguan) Ltd., was established by LG Display Co., Ltd. [NYSE:LPL, KRX:034220], a leading innovator of thin-film transistor liquid crystal display (TFT-LCD) and Iriver, the e-Book leader in Korea. The company products e-Book with the choice of Original Design Manufacturing (ODM) or Original Equipment Manufacturing (OEM), by leveraging LG Display’s cutting-edge EPD technology and Iriver’s e-Book product development capacities. L&I Electronic Technology operate in China, since Oct. 2010.
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