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Neonode(R) Licenses MultiSensing(R) to a Premier Global Consumer Electronics OEM in South Korea

SANTA CLARA, Calif., July 23, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, today announces that it has entered a license agreement with an undisclosed Tier-One Consumer Electronics OEM in South Korea, to incorporate its MultiSensing® touch technology into high-volume consumer applications.

Neonode's increasing success in nascent consumer markets such as tablets and wearable's, is due to its patented optical MultiSensing® touch technology, which offers OEMs an incomparable value proposition. In addition to its efficient feature-rich solutions, which enable best-of-breed performance at low cost, Neonode's proximity sensing features, unique form factors (e.g. round multi-touch sensor) and compelling roadmap, provide Consumer Electronics OEMs with a rich palette of possibilities.

"Our optical MultiSensing® suite, which includes features such as proximity sensing, 10 finger multi-touch and round form factors are increasingly suited for the wide breadth of high-volume consumer electronic devices," says Thomas Eriksson CEO of Neonode.

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 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, 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 like mobile phones, tablets and e-readers, toys and gaming consoles, printers and office equipment, automotive or inflight 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

Forward-Looking Statements

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.

CONTACT: Investor Relations Neonode: Daniel Gelbtuch P: +1 917.509.9582 Email: daniel.gelbtuch@neonode.com

Source:Neonode Inc.