Stockholm, Sweden – April 15, 2019 –Neonode Inc., (NASDAQ: NEON), the optical sensing technology company, today announced that the company has signed a collaboration agreement with Finetek Co. Ltd. of Korea. According to the terms of the agreement Finetek will serve as a system integrator and future electronic manufacturing partner for Neonode zForce® technology.
As an automotive-certified integration partner, Finetek will expand the business opportunities for Neonode’s technology platforms, namely, integrated touch solutions and sensor modules, in both the automotive and consumer product categories.
“I am are very happy about the cooperation with Finetek. This agreement greatly expands our technology reach in Asia and beyond, offering manufacturing that meets the requirements for automotive certification and consumer grade applications,” said Håkan Persson, CEO at Neonode.
Finetek CEO Kang Won-Il, said: “We are seeing increased interest from our automotive and home appliance manufacturing customers in touch and gesture user interaction. We look forward to working together with Neonode to deliver Neonode’s innovative technology to both established and new customers.”
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Neonode Inc. (NASDAQ:NEON) develops, manufactures and sells advanced sensor modules based on the ’Company’s proprietary zForce AIR technology. Neonode zForce AIR® Sensor Modules enable touch interaction, mid-air interaction and object sensing and are ideal for integration in a wide range of applications within the automotive, consumer electronics, medical, robotics and other markets. The Company also develops and licenses user interfaces and optical interactive touch solutions based on its zForce CORE technology. To date, Neonode’s technology has been deployed in over 67 million products, including 4 million cars and 63 million consumer devices.
NEONODE, the NEONODE logo and ZFORCE are trademarks of Neonode Inc. registered in the United States and other countries.
For further information please visit www.neonode.com
Finetek Co., Ltd. manufactures and sells AMOLED equipment, touch solution for home appliance and automotive, Electronic Shelf Label and provides manufacturing service for digitizer and TSP in Korea and internationally. Its products and solutions are used in various industries, including AMOLED display, mobile, home appliance, automotive, mart, warehouse industry. Finetek Co., Ltd. was founded in 2008 and is headquartered in Seoul, Korea.
Safe Harbor Statement
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 the expected proceeds and closing of the private placement. 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 SEC 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.