March 9, 2012 – BUSINESS WIRE — Optical touch technology provider Neonode Inc. (OTCBB:NEON) entered into a multi-year technology license agreement with a leading global office equipment manufacturer. The first product, based on Neonode’s Multi-Sensing touch display solution, will launch by Q3 2012.
The Multi-Sensing technology will improve performance and user interface on low-cost, high-volume entry model office products, replacing low-performance resistive touch technology.
zForce, Neonode’s Multi-Sensing technology, will be integrated with the color LCD panels on a line of office equipment. Neonode has completed the integration of zForce with the first batch of products included in the agreement.
Neonode will receive an undisclosed license fee for each unit of the products sold that features the Multi-Sensing technology. There is no minimum or maximum total amount of license fees that Neonode can receive as a result of this customer agreement.
Neonode, Inc. (OTCBB: NEON) is a provider of optical touch technologies. For more information, please visit www.neonode.com.