Neonode enters consumer display sector with new licensing agreement

March 23, 2012 – BUSINESS WIRE — Optical touch display company Neonode Inc. (OTC BB:NEON) signed a technology license agreement with a leading global manufacturer of consumer displays. The name of the global manufacturer engaged in this agreement cannot be disclosed.

The partnership introduces Neonode’s MultiSensing Touch Technologies to a new market category, the company’s seventh and an additional high-volume one.

Also read: Touchscreens a $14 billion market in 2012

“The trend indicates a demand for touch-enabled user interfaces in all kinds of markets, particularly for high-volume and cost-dependent devices such as toys and feature phones, new types of color e-readers and smart office equipment," said Thomas Eriksson, CEO.

This latest agreement is based on a multi-year license offer based on Neonode’s MultiSensing Optical Touch Technology zForce.

Neonode, Inc. (OTC BB:NEON) develops and licenses optical MultiSensing Touch Technologies, built on Neonode’s touch technology zForce.

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