May 24, 2013 09:32 AM Eastern Daylight Time
Neonode Continues To Garner Market and Mind Share With Design Wins and Licenses at Leading Global Toys And Tablet OEMs
SANTA CLARA, Calif., Neonode Inc. (NASDAQ:NEON), the optical touch technology company, today announces that it has entered a license agreement with an undisclosed Tier-One OEM to incorporate its MultiSensing® touch technology into a high-volume color-LCD childrens tablet, which is expected to start shipping during the second half of 2013.
In addition to licensees Oregon Scientific (MEEP!) and One Laptop Per Child (XO-4 Touch), this premier OEM, and segment bellwether, is Neonode’s third licensee in the rapidly expanding childrens tablet market. Moreover, Neonode had garnered design wins with an additional unnamed premier childrens tablet OEM, who hopes to be shipping its new color tablet by the end of 2013.
Neonode’s increasing success in nascent children-focused markets is due to its patented optical MultiSensing® touch technology, which offers OEMs an incomparable value proposition. In addition to its efficient feature-rich solutions, which enable best-of-breed performance at low cost, Neonode’s proximity sensing features and associated roadmap provide Toy OEMs with a rich palette of high-margin add-on possibilities.
Furthermore, Neonode’s MultiSensing® technology is well matched for incorporating into tablets that require strong and tough design to withstand the unavoidable bumps and spills. This is done without compromising the neat design and thrilling user experience for demanding kids.
“We are not only addressing the growing interest in tablets developed especially for children, but the entire tablet market. Our optical MultiSensing® solutions are suited for the wide breadth of tablet devices. With scanning speeds of 1000Hz, a compelling price-performance ratio, and a pristine user experience, we have developed a very compelling solution for consumer tablets,” says Thomas Eriksson, CEO of Neonode.
Daniel Gelbtuch, +1-917-509-9582 (Investor Relations)
Annica Englund, +46 760 360 781 (Media)
Neonode Inc. (NASDAQ:NEON) develops and licenses the next generation of MultiSensing® touch technologies, allowing companies to differentiate themselves by making high performing touch solutions at a competitive cost. Neonode is at the forefront of providing unparalleled user experiences that offer significant advantages for OEM’s. This includes state-of-the-art technology features such as low latency pen or brush sensing, remarkably high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring.
Neonode’s patented MultiSensing® technology is developed for a wide range of devices like mobile phones, tablets and e-readers, toys and gaming consoles, printers and office equipment, automotive or inflight infotainment systems. NEONODE, the NEONODE Logo, MULTISENSING, and zFORCE are trademarks of Neonode Inc. registered in the United States and other countries. LIQUID SENSING, IT MAKES SENSE and ALWAYSON are 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.