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Neonode Signs Technology License Agreement with New OEM Customer

Published April 28, 2011 in Press release

SANTA CLARA, Calif. – April 28, 2011 – Neonode, Inc. (NEOND.OB), the optical touch screen technology company, today announced that it entered into a multi-year technology license agreement with a global consumer electronics company to incorporate Neonode’s touch screen solution into its family of products. Neonode’s patented touch technology, zForce®, supports high resolution pen writing in combination with finger navigation including gestures, multi-touch, sweeps and much more. The customer’s first product using zForce® is planned to be launched during summer this year.

“We are proud to have won this new OEM customer, who is joining a growing group of global consumer electronics vendors, including Sony, ASUSTeK and several others, that have moved to our zForce® Touch Solution. This is a direct result of the increased performance, consumer experience and lower bill of material that we are able to deliver to our customers.” 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 zForce®
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, ASUSTeK, Daesung 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.

Forward-Looking Statements
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
thomas.eriksson@neonode.com
Tel:  +46 8 667 17 17
Mobile: +46 708 521 337

David Brunton, CFO
david.brunton@neonode.com