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Neonode signs supply contract with US-based automotive OEM

Oct. 14, 2016 11:51 AM ETNeonode Inc. (NEON) StockBy: SA News Team
  • Neonode (NASDAQ:NEON) has signed a contract to supply its zForce AIR sensor modules to a US-based automotive OEM for vehicle entry systems. The value of the contract exceeds $11.0M over its term starting in Q317.
  • CEO Thomas Eriksson: “The automotive industry represents large potential long term growth and stability in our global expansion plans. Neonode’s zForce technology is already installed in over 1M cars today and its reliability and performance are proven in the industry”
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