NEXTY Electronics Partners with Neonode for Touch Technology
NEXTY Electronics Selects Neonode's Touch Sensor Technology
Neonode Inc. (NASDAQ: NEON) recently announced an exciting collaboration with NEXTY Electronics Corporation, a prominent name in electronics and a member of the Toyota Tsusho Group. This agreement will allow NEXTY to leverage Neonode's cutting-edge Touch Sensor Module (TSM) technology for the development and manufacturing of next-generation amusement machines intended for the vast Japanese market.
Understanding Touch Sensor Module Technology
Neonode’s Touch Sensor Module technology is recognized for its advanced capabilities and flexibility. The technology utilizes surface-mount technology (SMT), which not only reduces costs but also enables users to create larger, interactive displays that are both responsive and dynamic. These modules offer exceptional performance across a range of touch-operated applications, making them a perfect fit for the amusement machine sector.
A Profitable Partnership Ahead
As part of the agreement, NEXTY Electronics will pay an upfront technology access fee and provide ongoing royalties to Neonode. Over the next few years, this partnership is projected to generate between $2 to $3 million, signifying its potential impact on the market.
Why Neonode’s Technology Stands Out
After a thorough evaluation process, NEXTY Electronics determined that Neonode's latest TSM offerings were ideally suited for the amusement industry. The agreement will help NEXTY Electronics elevate the user experience by enhancing operational performance while preserving the aesthetic appeal of the content displayed on screens. Mikio Takano, NEXTY Electronics' Executive Officer, expressed his enthusiasm about further collaborating with Neonode, highlighting their productive history together.
Neonode's Vision for Technology Licensing
Fredrik Nihlén, the interim President and CEO of Neonode, conveyed his excitement regarding this strengthened partnership. He stated that NEXTY's decision to manufacture TSMs reflects a robust recognition of Neonode's innovative technology and commitment to licensing.
Focus on Market Expansion
By working closely with NEXTY Electronics, Neonode aims to facilitate the distribution of its TSM technology not only in Japan but potentially in other international markets as well. The successful implementation in amusement machines could open pathways for similar innovative applications in other sectors, making this collaboration pivotal for both parties' growth strategies.
About NEXTY Electronics
NEXTY Electronics is celebrated for its expansive portfolio, which includes everything from automobiles to cutting-edge electronics. Their reputation as a leading electronics trading company allows them to serve a vast array of industries effectively. With this partnership, they aim to lead the charge in the interactive entertainment landscape through advanced touch technology.
Contact Information
For further inquiries, interested parties can connect with Fredrik Nihlén, the interim President and CEO, via phone or email. Additionally, Johan Swartz, the Vice President of Marketing & Sales, is also available for discussions about this promising partnership.
Frequently Asked Questions
What is the purpose of the partnership between NEXTY Electronics and Neonode?
The partnership aims to develop and manufacture next-generation amusement machines utilizing Neonode's advanced Touch Sensor Module technology.
What is Touch Sensor Module technology?
Touch Sensor Module technology allows for larger, responsive touch displays that can enhance user interactions in various applications.
How will the partnership benefit each company?
The agreement is expected to generate significant revenue while enhancing both companies' reputations in technology and innovation within the amusement market.
What is Neonode's strategy moving forward?
Neonode is focusing on technology licensing and aims to expand its applications beyond the amusement industry globally.
Who can be contacted for more information?
For more details, Fredrik Nihlén and Johan Swartz from Neonode are available through provided contact information.
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