SANTA CLARA, California– March 25, 2013 – Neonode Inc., (NASDAQ: NEON), the optical touch technology company, today announces that its Multisensing® technology is incorporated into a new e-reader from Deutsche Telekom – the Tolino Shine. Neonode’s Multisensing® optical touch technology, the industry’s top choice for e-readers, provides the front-lit Tolino e-reader with:
• High resolution, glare-free touch technology for easy reading in any type of lighting condition, including direct sunlight;
• Gestures input for smooth page turns and seamless zooming in and out, allowing exceptionally user- friendly navigation;
• Ultra-low power consumption, permitting up to two months’ worth of reading on a single charge
• Any object touch support, including stylus, finger/gloved finger or an ordinary pen.
Tolino is the result of Deutsche Telekom’s partnership with German bookstore chains Thalia, Weltbild, Hugendubel and Bertelsmann, each of who have existing e-bookstores with a combined 35% share of the German e-book market.
The German technology industry association BITKOM has said that approximately 800,000 e-readers were sold in Germany in 2012, and that it expects that number to increase to 1.4 million units sold in 2013. http://www.bitkom.org/en/
Tolino is available from the Deutsche Telekom partners’ 1,500 physical stores as well as online, retailing at about €99 ($128).
About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies, with approximately 132 million mobile customers, 32 million fixed-network lines, and more than 17 million broadband lines. http://www.telekom.com/company/at-a-glance/92662
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.
Media Contact at Neonode:
P: +46 760 360 781
Investor Relations at Neonode:
P: +1 917.509.9582