SANTA CLARA, Calif., Oct. 7, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, announced today the cooperation with Lierda Science & Technology Group Co., Ltd. a leading developer of embedded system solutions and IOT (Internet of Things) application products. Lierda will implement Neonode's Multisensing® touch technology into a versatile 7-inch platform, designed for variety of industrial system applications, including outdoor touch displays, POS, automotive and HMI displays.
"We are very happy about the cooperation with Lierda. This license agreement represents a high-royalty business for Neonode, and signals the snowballing industry demand for new alternatives to standard capacitive touch solutions, proven unsuitable for this type of platforms. We anticipate that the need for cost efficient, reliable and high-performing touch solutions such as our Multisensing technologies will prove to be a winner in this emerging market segment," says Thomas Eriksson, Neonode CEO.
Neonode's Multisensing solution provides an unmatched high speed and accuracy, and is designed to withstand frequent use and wear. The technology is resistant to false touches caused by dust, grime or water droplets, which is a prerequisite for open-air displays. Furthermore, the design allows for any object input, such as pens or styluses, and enables excellent optical clarity - an important factor for outdoor displays that are exposed to sunlight.
"We feel confident that Neonode's strong-featured Multisensing solution is the perfect match for us as it has proven to be highly responsive, provide a no-glare user interface and gives a drastically improved user experience," says Eldon Teng, CEO of Lierda Science & Technology Group Co., Ltd.
About Lierda Science & Technology Co., Ltd
Lierda Science and Technology Group Co. Ltd (LSD) is a modern China-based enterprise that provides embedded system solutions and IOT (Internet of Things) application products.
Neonode Inc. (Nasdaq:NEON) develops and licenses the next generation of Multisensing touch technologies, allowing companies to differentiate themselves by making high performing touch and proximity 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 touch and proximity technology features such as low latency pen or brush sensing, remarkably high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring.
Neonode's patented Multisensing technology is developed to support IOT (Internet of Things) applications for a wide range of devices such as mobile phones, tablets and e-readers, toys and gaming consoles, printers, white goods, wearable goods and advanced automotive infotainment systems. Neonode, the Neonode logo, Multisensing, and zForce are trademarks of Neonode Inc. registered in the United States and other countries. 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.
Neonode only releases news of new customer agreements and design wins that are considered to be potentially material. Although every reasonable effort is made to present current and accurate information, Neonode makes no guarantees of any kind. Even if the customer or partner always has the intention to actually launch a commercial product or product line in high volume, there is no guarantee that this will be the case. Besides the touch solution, a commercial product involves many other components and systems that effects the customer's development process.