Neonode® Awarded Best Optics and Photonics Company of the Year 2012
Commitment to Innovation and Commercial Achievements Draws Accolades for Neonode (NEON)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Neonode Inc., (NASDAQ:NEON), the optical touch technology company, announced today that the company was named the Best Optics and Photonics Company of the Year 2012 by renowned organization PhotonicSweden. Neonode was awarded for its contribution to the touch industry due to its technology innovation, successful economic ventures and excellent growth and profitability. Neonode CEO and co-founder Thomas Eriksson will receive the Big Optics and Photonics Award that will be presented during the Optics & Photonics Days in Stockholm on 18-19 October 2012.
The Jurys motivation: Neonode is the world leader in its field i.e., touch solutions based on optical IR technology. Their innovative and patented optical IR technology is currently used in mobile phones, tablets and other devices with touchscreens. Neonode has an impressive array of clients including Sony, Amazon, Barnes & Noble and Kobo. The company went from basically being an unknown player to dominate the world market for touch-solutions in e-readers. In 2011, Neonode signed a number of key customer contracts while its revenues more than doubled. In addition, the company also established a compelling platform that facilitates entry into new markets, which has led to 10 new contracts with global automotive, office equipment and tablet manufacturers during 2012.
We are really excited to receive such a prominent award. This is a testament to our dedicated focus on customer satisfaction, user experience, and continuous innovation. The award is also proof of our commitment to expand Neonodes global reach, by providing unique and cost efficient touch solutions for rapidly growing worldwide markets, said Thomas Eriksson, CEO of Neonode Inc.
Neonode is an exceptional example of Swedens ability to leverage and commercialize its world leading advanced optics and photonics intelligence base, said Emil Hällstig, Ph. D., Chairman of PhotonicSweden.
PhotonicSweden is an independent organization assigned to create national innovation and growth based on optics and photonics. With founding members like Ericsson, the Royal Institute of Technology, Chalmers and Acreo among others, Photonic Sweden works to create national photonics R&D agendas and to support collaboration between the industry, the academia and research institutes. For more information please visit http://www.photonicsweden.org/
About Neonode MultiSensing Touch Technology:
Neonodes MultiSensing technology, rivaling the best established touch solutions at a fraction of the cost, is currently being incorporated into wide array of high volume color LCD products worldwide: mobile phones, tablets, office equipment, in-car infotainment displays, GPS, gaming devices and toys. The majority of those products are intended to be launched during 2013 and onwards.
Neonode Inc. (NASDAQ:NEON) develops and licenses the next generation of MultiSensing touch technologies, allowing companies to differentiate themselves by making high performing touch solutions at a competitive cost. Neonode is at the forefront of providing unparalleled user experiences that offer significant advantages for OEM's. This includes state-of-the-art technology features such as low latency pen or brush sensing, remarkably high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring. Neonodes patented MultiSensing technology is developed for a wide range of devices like mobile phones, tablets and e-readers, toys and gaming consoles, printers and office equipment, automotive or inflight infotainment systems. NEONODE, the NEONODE Logo and zFORCE are trademarks of Neonode Inc. registered in the United States and other countries. MULTISENSING, LIQUID SENSING, IT MAKES SENSE and ALWAYSON are trademarks of Neonode Inc. For more information please visit www.neonode.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements relating to expectations, future performance or future events, and product cost, performance, and functionality matters. These statements are based on current assumptions, expectations and information available to Neonode management and involve a number of known and unknown risks, uncertainties and other factors that may cause Neonode's actual results, levels of activity, performance or achievements to be materially different from any expressed or implied by these forward-looking statements.
These risks, uncertainties, and factors are discussed under "Risk Factors" and elsewhere in Neonode's public filings with the U.S. Securities and Exchange Commission from time to time, including Neonode's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. You are advised to carefully consider these various risks, uncertainties and other factors. Although Neonode management believes that the forward-looking statements contained in this press release are reasonable, it can give no assurance that its expectations will be fulfilled. Forward-looking statements are made as of today's date, and Neonode undertakes no duty to update or revise them.
Daniel Gelbtuch, +1 917-509-9582
Annica Englund, +1 408-496-6722 #122
Source: Neonode Inc.Copyright Business Wire 2012