|[January 30, 2013]
Neonode® Establishes New Subsidiary in Tokyo, Japan, to Meet a High Demand for Its MultiSensing™ Touch Technology
SANTA CLARA, Calif. --(Business Wire)--
Neonode (News - Alert) Inc. (NASDAQ:NEON), the optical touch technology company, today
announced the expansion of the company's operations in the form of a new
subsidiary in Tokyo, Japan, named Neonode Japan Inc. Establishing a
localized sales and technical support presence will allow Neonode to
meet the growing demand for MultiSensing touch solutions from Japanese
According to the research institute Euromonitor International, Japan
alone accounts for approximately 40% share of the global market for
consumer durables and electronics for cars, office equipment, digital
toys, mobile phones, and tablets. Many of these products are today
transitioning from old fashioned designs equipped with buttons, to more
up-to-date touch enabled user interfaces.
"We are excited to be able to offer our existing and future customers
first-class, hands-on local service and support. Furthermore, we have
identified numerous and substantial new business opportunities in Japan.
We believe that our MultiSensing™ touch solutions are a key
differentiator for a number of forward-thinking OEM's, particularly
within the robust Japanese automotive and consumer electronics
industries. By establishing a Japanese subsidiary, Neonode will continue
to offer tremendous value and excellent service to our expanding and
increasingly-global customer base," said Thomas Eriksson, CEO Neonode.
About Neonode Inc.
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 and zFORCE are
trademarks of Neonode Inc. registered in the United States and other
countries. MULTISENSING, 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
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.
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