Neonode exploring strategic alternatives for user interface IP

|By:, SA News Editor

Neonode (NEON) rises 5% premarket after saying its board has approved to exploration of strategic alternatives for its user-interface patent and licensing subsidiary.

"NEON is a pioneer in the touch screen user-interface area, and ... has built up significant IP, software and know-how in this field. We think that a more dedicated focus on the development and monetization of this IP would be beneficial for our shareholders," CEO Thomas Eriksson says. (PR)