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Neonode Signs Multi-Year License Agreement With Leading Japanese Printer OEM

STOCKHOLM, Sweden, Sept. 1, 2015 (GLOBE NEWSWIRE) -- Neonode Inc. (NASDAQ:NEON), the leading optical touch and proximity technology company has signed a multi-year, multi-device license agreement with a leading Japanese printer OEM.

The signing of the license agreement comes as follow-on from the development agreement which was the first step in the process of technology validation by this printer OEM.

The printer segment is shaping to be a lucrative business for Neonode as the zForce® technology is not only being planned into the growing family of printers that have touch and display features, but also into printers where the OEMs want to replace buttons. The button replacement will allow OEMs to save cost, enhance the User Experience, and offer optimized Industrial Design.

"Neonode is expecting shipments of zForce enabled printers to experience 100% year over year growth in 2016. Neonode's touch and proximity technologies are the number one choice for the printer OEMs. Our investments in the printer segment over the last few years are paying off, and we see our position getting stronger," said Thomas Eriksson, CEO at Neonode.

Neonode's printer customers combined, sell almost 87 million of the estimated 106 million yearly printer sales. This is a testament to the strength of Neonode's technology on all levels including performance, user experience, price, scalability, high production yield, and industrial design.

Due to confidentiality, the name of the OEM cannot yet be disclosed.

For more information, please contact:

Sales Printer Solutions:

Bengt Edlund, E-mail: bengt.edlund@neonode.com

www.neonode.com/applications/printers-and-office-equipment

Investor Relations:

David Brunton, E-mail: david.brunton@neonode.com

About Neonode

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 sensing 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 with high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring on any surface.

Neonode's patented MultiSensing touch technology is developed for a wide range of devices like wearable's, notebooks, all-in-one computers, monitors, mobile phones, tablets and e-readers, toys and gaming consoles, printers and office equipment and automotive systems. NEONODE, the NEONODE Logo, ZFORCE and MULTISENSING are trademarks of Neonode Inc. registered in the United States and other countries. ZFORCE CORE, ZFORCE PLUS and ZFORCE DRIVE are trademarks of Neonode Inc. All other trademarks are the property of their respective owners. For more information please visit www.neonode.com.

Safe Harbor Statement

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.

Source:Neonode Inc.