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Press Releases

Press Releases

Neonode Reports Quarter Ended March 31, 2021 Financial Results

STOCKHOLM, SWEDEN – May 12, 2021 – Neonode Inc. (NASDAQ: NEON), today reported financial results for the three months ended March 31, 2021. FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2021: · Revenue of $1.7 million, an increase of 28.7% compared to the same period in the prior year. · Operating expenses of $3.0 million, an increase of 29.0% compared to the same period in the prior year. · Net loss of $1.6 million, or $0.14 per share, compared to $1.0 million, or $0.11 per share, for the same period in the prior year. · Cash used by operations of $2.0 million compared

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Neonode to Report First Quarter 2021 Results on May 12, 2021

First Quarter 2021 Conference Call on May 12, 2021 at 10AM EDT/4PM CET STOCKHOLM, SWEDEN, May 5, 2021 — Neonode Inc. (NASDAQ: NEON), announced today that it will release financial results for the first quarter 2021 on Wednesday May 12, 2021. The Company will host a conference call Wednesday May 12, 2021 at 10AM Eastern Daylight Time (EDT)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Maria Ek, CFO, Johan Swartz, Vice President Sales APAC, Jonas Wærn, Vice President Sales EMEA, Anthony Uhrick, Vice President Sales AMER, and David Brunton, Head of

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Appointment of Anthony Uhrick as Vice President Sales Americas at Neonode

STOCKHOLM, SWEDEN, May 4, 2021 — Neonode Inc. (NASDAQ: NEON), today announced the appointment of Anthony Uhrick as Vice President Sales AMER. Mr. Uhrick is an industry veteran with over 20 years of experience in the touch screen industry developing business for early market leaders such as 3M Touch Systems, Planar, and Smart Technologies. His career has focused on emerging interactive technology with extensive experience in developing new markets, creating partner relationships, managing product promotion and launches, and sales channel development. Mr. Uhrick holds a B.Sc. in

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Neonode and Merim Groupe Partner to Address QSR Kiosk Market

Merim Groupe is currently engaged with Burger King in contactless restaurant self-ordering trials in France STOCKHOLM, SWEDEN, April 27, 2021 — Neonode Inc. (NASDAQ: NEON) and Merim Groupe have signed an Original Equipment Manufacturer agreement for Merim Groupe to design, market and sell contactless kiosk products and solutions featuring Neonode Touch Sensor Modules. In 2017, Merim Groupe started to rollout their self-ordering kiosk solutions at Burger King restaurants across France. In addition to their existing offerings, Merim has expanded its portfolio in 2020 by developing AIR-CLICK,

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Neonode Touch Sensor Modules Selected for Contactless Retail Self-Checkout Kiosk Rollout in Japan

STOCKHOLM, SWEDEN, April 22, 2021 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that Japan Aerospace Corporation, a Neonode value-added reseller, has been selected by a major Japanese retail chain to retrofit the chain’s self-checkout kiosks with Neonode contactless touch technology. This retrofit solution developed by Japan Aerospace Corporation, called Air Click, is mounted along the top of the self-checkout kiosk display to enable contactless interaction with the kiosk, without the need to modify existing equipment. The Air Click solution has as of April 16 started to be

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Neonode and Finetek Selected for Contactless Elevator Control Panel Rollout in South Korea

STOCKHOLM, SWEDEN, April 8, 2021 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that it has received an order for and will supply touch sensor modules to Finetek, a Neonode value-added reseller, who has been selected by a major elevator OEM in South Korea to install its contactless elevator control panel solutions powered by Neonode’s technology in existing elevators in this market. According to Finetek, a successful testing phase was recently completed and the contactless control panel modules are currently being installed for trials in existing elevators at multiple locations to

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Appointment of Fredrik Nihlén as Chief Financial Officer at Neonode

STOCKHOLM, SWEDEN, March 31, 2021 — Neonode Inc. (NASDAQ: NEON), today announced the appointment of Fredrik Nihlén as Chief Financial Officer, to become effective on or about August 2, 2021, following a notice period to Mr. Nihlén’s current employer. Mr. Nihlén joins Neonode from IFS Sverige AB (“IFS”) where he held the position of Finance Director IFS Nordics since 2019. Prior to joining IFS, Mr. Nihlén held the position of Group Chief Financial Officer at Cinnober Financial Technology AB from 2018 to 2019. Before this Mr. Nihlén was with DIBS Payment Services, where he held the

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Neonode Touch Sensor Modules Selected for Contactless Kiosk Rollout at Several Asian Airports

STOCKHOLM, SWEDEN, March 17, 2021 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that it has received an order for and will supply touch sensor modules to Japan Aerospace Corporation, a Neonode value-added reseller, who has been selected by a major Asian airline to retrofit its contactless touch solutions featuring Neonode’s technology on existing self-service check-in and baggage drop kiosks at multiple airports in Asia. “This order represents a breakthrough in an important market segment for Neonode and we look forward to growing our contactless touch business with this and

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Neonode Reports Year Ended December 31, 2020 Financial Results

STOCKHOLM, SWEDEN – March 10, 2021 – Neonode Inc. (NASDAQ: NEON), today reported financial results for the fiscal year ended December 31, 2020. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020: · Revenue of $6.0 million, a decrease of 10.0% compared to prior year. · Operating expenses of $11.1 million, a decrease of 5.1% over the prior year. · Net loss of $5.6 million, or $0.56 per share compared to $5.3 million, or $0.60 per share for prior year. · Cash used by operations of $5.8 million compared to $3.5 million for prior year. · Cash and accounts receivable of

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Neonode Signs NEXTY Electronics as Distributor to Japanese Market

STOCKHOLM, SWEDEN, March 9, 2021 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that it has signed a distributor agreement with NEXTY Electronics Corporation to promote and sell Neonode’s contactless sensor products in Japan through NEXTY’s extensive sales and distribution organization. As a core firm of Toyota Tsusho group in electronics business, NEXTY Electronics pursues top-class scale business in car electronics sectors. In addition to distribution services, NEXTY creates new markets and customer value in many areas including software/hardware development and design, inspection,

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Neonode[ ]to Report Fiscal Year and Fourth Quarter 2020 Results on March 10, 2021

Year and Fourth Quarter 2020 Conference Call on March 10, 2021 at 10AM EDT/4PM CET STOCKHOLM, SWEDEN, March 2, 2021 — Neonode Inc. (NASDAQ: NEON), announced today that it will release financial results for the fiscal year and fourth quarter 2020 on Wednesday March 10, 2021. The Company will host a conference call Wednesday March 10, 2021 at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Maria Ek, CFO, Johan Swartz, Vice President HMI Products, Jonas Wærn, Vice President HMI Solutions and David Brunton, Head of

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Neonode and Metatechno of Japan Sign Value-Added Reseller Agreement

STOCKHOLM, SWEDEN, November 24, 2020 — Neonode Inc. (NASDAQ: NEON) and Metatechno Inc. have signed a value-added reseller agreement whereby Metatechno offers the sale of Neonode's touch sensor modules and the associated software development for various contactless touch applications. “We are excited to work with Metatechno and increase our footprint in Japan,” said Dr. Urban Forssell, CEO of Neonode, adding, “Metatechno stands out for their mobility and flexibility. They are focused on becoming the global number one in their market niche.”  Kazuhiko Fukushige, President and CEO added, “At

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