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Neonode, Inc. (NEON) Lands Design Win With Premier Global OEM Of Home Appliances Following Launch Of New Multisensing HOME Platform

|Includes: Neonode, Inc. (NEON)

Neonode, the optical touch technology company, today announced that the company has acquired winning design with a premier global home appliance OEM. The win comes at a crucial time for Neonode, coinciding with the launch of its new home appliance touch control platform, Multisensing HOME, which targets next-generation major and small home appliances.

"We are experiencing increased attention from appliance OEM's, looking to license and implement our Multisensing solutions, which offer a compelling mix of high-performance, power efficiency, and attractive cost," stated Thomas Eriksson, CEO of Neonode.

Designed for easy-integration into domestic appliances, the Multisensing HOME platform works with washing machines, dishwashers, stoves, fridge-freezers, microwaves, and more. Specifically, the platform enables the appliance OEM's to replace antiquated button, dials, and resistive touchpads, through the integration of high-performance proximity sensing (touchless) and multi-touch controls. Additionally, this also simplifies OEM production processes while shortening time to market and reducing the bill of materials (NYSEARCA:BOM).

Utilizing Neonode's cutting-edge technologies, this platform provides a wide array of Multisensing features, including:

• Real-time touch that integrates proximity-sensing and unlimited gestures
• Tolerance of extreme temperature, vibration, and electromagnetic (EMC) ranges
• Market-leading power efficiency; under 1 mW
• Optically clear and glare-free user-interfaces, which are water resistant
• Product customization helps OEMs differentiate and shorten development cycles
• Solid-state touch control, reducing production and warranty costs

"Our new home appliance touch platform addresses all the critical requirements for sturdiness, ultra-low power consumption, and resistance to electrical interference, vibration, and water sprays. It also facilitates elegant industrial design, thereby improving product aesthetics and usability," added Thomas Eriksson.

The global market for major electric household appliances is expected to reach 543 million units by 2015, with the small appliance market eclipsing 616M units, according to a report by Global Industry Analytics, Inc.

For more information on Neonode, visit

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