Quarterly Design Win Update –
Neonode Expands Global Reach with 17 new MultiSensingTM Touch Technology Projects
Santa Clara, CA. April 19, 2012 – Neonode Inc. (OTC BB: NEON), the optical touch technology licensing company, today announced that, in the first quarter of 2012, it achieved a series of design wins in multiple strategic markets, including smartphones, high-interactive tablets, interactive toys, displays for office equipment and consoles for the automotive industry.
All in all, Neonode accumulateds a total of 17 new design wins in the first quarter of 2012 where the Company integrates its hardware-independent touch technology into existing or new product categories for their customers.
“I am very proud of Neonode’s continued achievements in attracting new customers that seek a touch solution providing faster time-to-market and improved user experience. The growth in design wins shows that we provide a very competitive solution for any OEM looking to stay ahead of their competition” said Thomas Eriksson, CEO.
“We will continue to expand our engineering resources in our offices in Stockholm, Sweden, Santa Clara, California, and Seoul, South Korea to meet the rapidly increasing market demand for our MultiSensingTM touch solutions” concluded Eriksson.
A design win is, according to our definition, when a licensing customer starts the development of a high volume product that includes Neonode’s MultiSsensing touch solution. A design win does not automatically lead to mass production, but it is a critical step in the process leading up to large-scale manufacturing. As customary, the names of the customers are not disclosed for secrecy reasons.
Neonode Inc. (OTCBB: NEON) develops and licenses the next generation of proven optical MultiSensing solutions, enabling companies to differentiate themselves by making high performing touch solutions at a competitive cost. The Neonode MultiSensing technology, built on Neonode’s proven zForce touch technology, is optimized for use on any device and with any object. Neonode is at the forefront of providing unparalleled user experiences that offer significant advantages for OEM’s. This includes leading technology features such as low latency pen or brush sensing, exceptional high speed scanning, proximity-, pressure- and depth-sensing capabilities, and object-size measuring.
Neonode’s patented MultiSensing solutions are being developed for a wide range of devices like smart phones, tablets, toys and gaming consoles, printers and office equipment, e-readers and automotive or inflight infotainment systems. Neonode’s MultiSensing solutions are found in millions of proven consumer products on today’s market. Neonode’s customers include Sony, Barnes & Noble, Oregon Scientific, L&I, Daesung and Sonim. Neonode® and zForce® are registered trademarks of Neonode, Inc.
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
www.neonode.com., or contact:
Phone: +46 70 036 07 81
Todd Fromer / Garth Russell
KCSA Strategic Communications
P: 212-896-1215 / 212-896-1250
Email: firstname.lastname@example.org / email@example.com