Santa Clara, CA, March 12, 2012 – Neonode Inc. (NEON.OB), the leading optical touch technology company, today announces that Oregon Scientific has chosen Neonode multi-sensing technology inside its new and interactive children tablet MEEP! Neonode provides solutions to several global key manufacturers of touch enabled devices and has signed a multi-year contract with IDT Technology Limited (ITL) which is the manufacturing arm for Oregon Scientific products.
Thomas Eriksson, CEO of Neonode said: “We are very excited about the opportunity to work with Oregon Scientific! They have launched a smart product especially developed for children. The MEEP! Tablet shows both our companies’ innovation, and we believe this will prove to be a very competitive breakthrough in the growing market for sustainable and affordable interactive tablets for kids.”
Young children are introduced to tech products at an early age; the sounds and graphics gain children’s attention. In addition to actually developing children’s abilities, technology provides an opportunity for assessment. Implementing zForce durable Multi-Sensing technology into the MEEP! tablet not only supports the highly interactive content, but also allows for children’s rough handling of the device, resulting in an affordable tablet for a tech –hungry generation. The tablet also features a rugged design and an enhanced rubber silicon sleeve for added protection.
Raymond Chan, Chairman & CEO of Oregon Scientific said:” Oregon Scientific embraces innovations that contribute to people’s betterment and well-being. Neonode’s Multi-Sensing solution complements the vision with the MEEP! tablet. We determined that Multi-Sensing technology from Neonode is very suitable for our new children’s products – durable and affordable with outstanding user experience for choosy kids”.
The MEEP! tablet is Wi-Fi enabled, web content can be downloaded to its internal memory or SD card and viewed from any angle courtesy of the tablet’s internal G-Sensor. MEEP! tablet runs on the Android operating system and offers music, movies, e-books, and apps from leading developers – all on a large, 7-inch color touch screen with Neonode zForce Multi-Sensing technology. MEEP! is suitable for ages six and up, and parents can monitor and limit web access via an online control panel.
About Oregon Scientific
Oregon Scientific was founded in 1989 in Portland, Oregon. It is renowned for its technological innovations, design excellence and investment in research and development. The company creates lifestyle electronic products that fuel people’s desire for “SMART LIVING”. Building on the success of its hallmark Time & Weather collection, Oregon Scientific has extended its product offerings to include Sport & Outdoor, Wellness & Beauty and Electronic Learning collections..
About IDT Technology Limited (ITL)
IDT Technology Limited (ITL) is a subsidiary wholly owned by IDT International Limited (IDT). IDT International Limited is a holding company whose shares are publicly listed on The Stock Exchange of Hong Kong Limited. Headquartered in Hong Kong, IDT International is engaged in the design, development, manufacture, sales and marketing of innovative consumer electronic products featuring state-of-the-art liquid crystal display and microprocessor technology.
About Neonode, Inc.
Neonode, Inc. (OTC BB: NEON) is a provider of optical touch technologies Neonode offers technology licenses and engineering design services that enable companies to make high functionality touch solutions at competitive cost. Neonode’s customers include Sony, L&I and Sonim. Neonode is characterized by unparalleled user experiences with Multi-Sensing technologies that offer significant advantages with features such as low latency pen or brush sensing, high speed scanning, proximity sensing, pressure sensing and object-size measuring. Neonode’s patented Multi-Sensing solutions is developed for smart phones, tablets, toys, gaming consoles and devices, printers and office equipment, e-readers and automotive or inflight infotainment systems. Neonode® and zForce® are registered trademarks of Neonode, Inc.
For more information, please visit www.neonode.com.
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.
For further information please visit
Thomas Eriksson, CEO,
Tel: +46 760 360781