January 16, 2012 – BUSINESS WIRE — Optical touchscreen technology company Neonode Inc. (NEON.OB) signed a technology license agreement with a global consumer OEM. The unnamed customer will integrate Neonode’s zForce optical touchscreen technology with color LCD panels on consumer devices, though the device category is not being revealed.
Neonode’s patented touch screen technology for portable devices, zForce, is reportedly more cost effective than other high-performance touch screen technologies. It supports high-resolution pen writing in combination with finger navigation and provides a 100% clear viewing experience. It operates on reflective display panels and is being integrated into mobile phones, e-readers, printer products, automotive applications, and tablet devices.
This contract extends the use of ZForce onto LCD and OLED display-based products, said Thomas Eriksson, CEO, adding that the customer will reduce its bill of materials (BOM) cost and increase device performance.
Neonode provides optical touch screen technologies for small to midsize devices. Neonode offers software licenses and engineering design services to customers such as Amazon, Sony, L&I and Barnes & Noble. Neonode Inc. is traded under the symbol NEON.OB. For more information, please visit www.neonode.com.