Neonode’s Front-Line Technology Providing Advanced User Experience on Big-Seller Cervantes Touch from Mundo Reader/bq
SANTA CLARA, Calif. – November 13, 2012 – Neonode Inc., (NASDAQ:NEON), the optical touch technology company announced today that the new e-reader “Cervantes Touch” by Mundo Reader/bq, has been launched, incorporating Neonode’s patented MultiSensingTM touch technology. The Cervantes Touch is a result of the multi-year license agreement Neonode signed with Mundo Reader in 2011, as stated in a press release issued August 25 2011. http://www.neonode.com/mundo-reader-sl-selects-neonode-for-innovative-ereader-for-spanish-speaking-markets/.
The Cervantes Touch is the evolution of the Cervantes 2, one of the top-selling e-reader brands in Spain and Latin America. Thanks to Neonode’s light based MultiSensingTM technology the Cervantes Touch is super-responsive, with extremely low power consumption and long battery life. It also facilitates a totally reflection-free Electronic Paper Display (EPD) providing a pristine and superior reading experience. These features, characteristic for Neonode touch enabled devices have made Neonode’s technology the premier choice of technology for most of the world’s major e-reader manufacturers.
“Mundo Reader/bq is a great partner for Neonode thanks to their attention to quality, much evidenced by the classy Cervantes Touch designed specifically for the Spanish speaking markets. The launch of the Cervantes Touch verifies Neonode’s competitive edge and great demand for our proprietary technology on multiple worldwide markets. We are excited about the opportunity to cooperate with Mundo Reader/bq on several more devices to come” said Thomas Eriksson, Neonode’s CEO.
Spanish is the first language for 650 million people worldwide, including a significant number of Spanish speakers in the US. Sales of e-books in the Spanish language, where most of Latin America is served by Spanish publishing enterprises, are expected to grow and to have a major impact for both publishers and retailers the coming years, reaching a world market share of around 15 percent in 2015, according to the 2011 O’Reilly report “The Global eBook Market: Current Conditions & Future Projections”. IDC has also forecasted, in “Worldwide and U.S. eReader 2011–2015 Forecast Update”, that the Spanish-speaking e-reader market will have a similar development as the North American market has had the last 5 years.
About Mundo Reader/bq
bq is a Spanish company dedicated to the design, manufacture and distribution of e-readers and tablets, and operates in markets throughout Europe and South America. At present it is the top-selling brand in Spain for e-readers and tablets powered by the Android operating system. bq is owned by Mundo Reader S.L., a technology-orientated holding company that specialises in the design, manufacture and distribution of multimedia devices and their accessories.
More about the Cervantes Touch: http://www.bqreaders.com/gb/products/cervantes-touch.html
About Neonode Inc.
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 and zFORCE are trademarks of Neonode Inc. registered in the United States and other countries. MULTISENSING, 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.
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