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Press Releases

Press Releases

Neonode Reports Third Quarter Ended September 30, 2020 Financial Results

STOCKHOLM, SWEDEN, November 10, 2020 — Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and nine months ended September 30, 2020. FINANCIAL SUMMARY THIRD QUARTER 2020 · Net sales totaled $1.5 million compared to $1.3 million for the same period last year. · Net loss attributable to Neonode Inc. totaled $1.6 million compared to a net loss of $1.1 million for the same period last year. · Loss per share totaled $0.16 compared to a loss per share of $0.12 for the same period last year. · Net cash used in operating activities totaled $1.8 million and $1.4

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Neonode and Finetek Sign Value-Added Reseller Agreement

STOCKHOLM, SWEDEN, November 5, 2020 — Neonode Inc. (NASDAQ: NEON), is pleased to announce it has signed a value-added reseller agreement with Finetek, a global leader in the small and medium display market, to promote and sell Neonode sensor products in South Korea. “This agreement expands our earlier relationship with Finetek, to address contactless touch opportunities in elevators and interactive kiosks. I am pleased to deepen our cooperation with Finetek,” said Urban Forssell, CEO at Neonode. Finetek CEO Kang Won-Il, said: “Finetek is a leading provider of display solutions ranging

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Appointment of Atsushi Ishii as Vice President Engineering at Neonode

STOCKHOLM, SWEDEN, November 2, 2020 — Neonode Inc. (NASDAQ: NEON), today announced the appointment of Atsushi Ishii as Vice President Engineering. Mr. Ishii is an experienced leader and engineer with proven skills in guiding cross-functional engineering organizations in fast-paced product development. Mr. Ishii joins Neonode from Excillum AB, where he has served as VP & Head of Engineering since 2019. At Excillum Ishii oversaw the development and engineering work of cutting-edge X-ray sources. Prior to joining Excillum, Ishii was R&D Director at FLIR Systems AB from 2015 to 2019. Before this

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Neonode ® to Report Third Quarter 2020 Results on November 10, 2020

Third Quarter 2020 Conference Call on November 10, 2020 at 10AM EST/4PM CET STOCKHOLM, SWEDEN, October 30, 2020 — Neonode Inc. (NASDAQ: NEON), announced today that it will release financial results for the three and nine months ended September 30, 2020 on Tuesday November 10, 2020. The Company will host a conference call Tuesday November 10, 2020 at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Maria Ek, CFO and David Brunton, Head of Investor Relations.   The dial-in number for the conference call is toll-free: (

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Neonode and TNBTECH of South Korea Sign Value-Added Reseller Agreement

STOCKHOLM, SWEDEN, October 28, 2020 — Neonode Inc. (NASDAQ: NEON), is pleased to announce it has signed a value-added reseller agreement with TNBTECH Co., Ltd., to promote and sell Neonode sensor products in South Korea. TNBTECH is an experienced semiconductor, module and solutions provider whose mission is to deliver valuable growth to its customers by offering stable and innovative products. TNBTECH has an extensive sales and distribution organization as well as experienced engineers to help and guide customers at every stage, from product design to volume production. ”This agreement

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Neonode and Global Electronics Corporation (GEC) of Japan Sign Value-Added Reseller Agreement

STOCKHOLM, SWEDEN, October 27, 2020 — Neonode Inc. (NASDAQ: NEON), is pleased to announce it has signed a value-added reseller agreement with Global Electronics Corporation (GEC) to promote and sell Neonode sensor products in Japan and Southeast Asia. GEC is an experienced electronics solution provider and distributor whose mission is to deliver value added products to customers as well as products and services that contribute to society. GEC has an extensive sales and distribution organization as well as engineering services and manufacturing capabilities, which makes GEC a comprehensive

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Neonode and Japan Aerospace Sign Value-Added Reseller Agreement

Japan Aerospace currently engaged in contactless self check-in and self-service bag drop trials with Japan Airlines (JAL) STOCKHOLM, SWEDEN, October 26, 2020 — Neonode Inc. (NASDAQ: NEON) and Japan Aerospace Corp. have signed a value-added reseller agreement whereby Japan Aerospace will develop contactless self-service kiosks with Neonode's touch sensor modules to customers in Japan. Japan Aerospace has already created contactless self check-in and self-service bag drop terminals for Japan Airlines (JAL). These contactless terminals have been undergoing trials at Tokyo’s Haneda airport

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Neonode Enters Prototype Development Agreement with Leading U.S. Defense Contractor

STOCKHOLM, SWEDEN, October 23, 2020 — Neonode Inc. (NASDAQ: NEON) is pleased to announce that it has signed an agreement with a leading U.S. defense contractor to develop prototypes of novel touchscreen technology for aerospace and defense applications. This is the first project with a defense contractor that Neonode engages in and a direct result of executing on the new business strategy that the company has decided on for its business area HMI Solutions. “I am extremely proud of the focused effort of our HMI Solutions team to secure this business and we are looking forward to building and

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Neonode Reports Second Quarter Ended June 30, 2020 Financial Results

STOCKHOLM, SWEDEN, August 14, 2020 — Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and six months ended June 30, 2020. FINANCIAL SUMMARY SECOND QUARTER 2020 · Net sales totaled $0.8 million compared to $1.7 million for the same period last year. · Net loss totaled $1.6 million compared to a net loss of $1.3 million for the same period last year. · Loss per share totaled $0.18 compared to a loss per share of $0.14 for the same period last year. · Net cash used in operating activities totaled $1.0 million and $1.0 million for the three months ended

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Neonode Enables Contactless Self Check-In Solution at Singapore Changi Airport

STOCKHOLM, SWEDEN, August 12, 2020 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that Singapore Changi Airport now offers contactless self-check in kiosks powered by Neonode zForce® technology thanks to a retrofit solution called happyhover™ developed by Singapore-based Arctan Analytics Pte Ltd. Singapore Changi Airport is one of the largest transportation hubs in Asia and ranked as the World's Best Airport according to Skytrax. Changi Airport chose the happyhover™ solution to retrofit on its existing automated check-in and bag-drop kiosks. Passengers can simply point their finger

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Neonode Announces Closing of $13.9 Million Private Placement

STOCKHOLM, SWEDEN, August 10, 2020 — Neonode Inc. (NASDAQ: NEON), today announced the closing of a previously-announced private placement of $13.9 million of Neonode’s common stock and convertible preferred stock (the “Private Placement”). Pursuant to the terms of the Private Placement, Neonode issued an aggregate total of 1,611,845 shares of common stock (the “Common Shares”) at a price of $6.50 per Common Share, and 3,415 shares of convertible preferred stock (the “Convertible Preferred Shares”) with a conversion price of $6.50 per share and a stated value of $1,000 per Convertible

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Neonode Announces $13.9 Million Private Placement

STOCKHOLM, SWEDEN, August 5, 2020 — Neonode Inc. (NASDAQ: NEON), today announced it has entered into definitive agreements with institutional and accredited investors, including insiders of the Company, for the private placement of $13.9 million of Neonode’s common stock and convertible preferred stock (the “Private Placement”). Pursuant to the terms of the Private Placement, Neonode has agreed to sell an aggregate total of 1,611,845 shares of common stock (the “Common Shares”) at a price of $6.50 per Common Share, and 3,415 shares of convertible preferred stock (the “Convertible

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