SANTA CLARA, Calif., Aug. 6, 2013 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, today announces that it has a design win with a premier global PC manufacturer. The project aims to integrate Neonode's Multisensing® touch solution into the OEM's coming PC devices.
Neonode also has ongoing projects and discussions with other Tier One PC OEMs, about integrating its Multisensing technology into future PC products. In addition Neonode is developing reference PC platforms together with Tier One Semiconductor OEM's.
Neonode's compelling touch solutions offer outstanding price-performance, proven manufacturing simplicity and scalability, and a rich roadmap of patented value-added applications. Neonode is working together with Microsoft and the OEM's to make their products Windows 8 certified parallel to the development of the actual products.
"Not only will our solutions drive PC touchscreen bill-of-materials down into the single digits, but they will enable OEMs to add features like proximity sensing, while substantially reducing overall system costs, in areas such as keyboards and track-pads. Most importantly, Neonode's touch technology is genuinely proven, with near-perfect yields and zero returns as evident by over 15M solutions delivered together with Texas Instruments to date," says Thomas Eriksson, CEO of Neonode.
According to the Neonode definition a design win occurs when a customer or partner starts a product or platform development project involving Neonode's technology. This event normally includes project start and signing of a statement of work or similar. Neonode only releases news of design wins that are considered to be potentially material. 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.
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.