SANTA CLARA, Calif., July 16, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, today announced the release of a new, unique and versatile Circular Multisensing® platform developed for wearable electronics and accessories. The solution is especially developed for a wide range of fast-growing new market segments, such as fashion-tech, sports & fitness, medical, gaming & lifestyle, and portable infotainment.
The new waterproof and cost-efficient solution is specifically engineered to add enhanced multi-touch, gestures and "touchless" features to numerous new applications of wearable and accessory products. This includes smartwatches, headsets/headphones, smart glasses, diving equipment (underwater operation), wearable activity bracelets and sleep trackers. According to a recent report by Credit Suisse the wearable tech market is forecasted to ramp from about $3B – $5B today to $50B over the next 3-5 years.
"As a technology licensing company we're excited about the emergence of this high-volume, short lead-time market segment. There is a keen demand among our customers for this type of solution and we are very satisfied to meet that need by launching the circular Multisensing platform today," says Thomas Eriksson, CEO of Neonode.
Neonode's advanced circular technology is uniquely suited for ultra-small, narrow-bezeled, and thin form factors. This new groundbreaking platform integrates Neonode's proximity sensing technology, which enables "outside the screen control" via touch-less air gestures. Thanks to Neonode's AlwaysON™ Technology it offers ultra low-power operation, and provides 100% clear, no-glare, sunlight readability. In addition, it significantly lowers the bill of material (BOM) cost and is compatible with all display types, is optically pristine, supports illuminations control, and does not require glare-prone cover glass.
- Ultra slim bezel and thin compact design for low profile products
- Ultra low power consumption – Neonode´s AlwaysONTM Technology
- Support for all type of display types and surfaces
- Works with Neonode´s solutions for air gestures and "outside of screen touch"
- Real-time vibration feedback and Illumination control for visual and light effects
- Under water operation (submerged)
Photos accompanying this release are available at
Neonode Inc. (Nasdaq:NEON) develops and licenses the next generation of Multisensing touch technologies, allowing companies to differentiate themselves by making high performing touch 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 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 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.