NEXTY Electronics Chooses Neonode's Touch Sensor Technology
Neonode Inc. (NASDAQ: NEON) has recently revealed an exciting partnership with NEXTY Electronics Corporation, a well-known player in the electronics field and part of the Toyota Tsusho Group. This collaboration will enable NEXTY to utilize Neonode's innovative Touch Sensor Module (TSM) technology to create and produce next-generation amusement machines designed for the vast Japanese market.
What is Touch Sensor Module Technology?
Neonode’s Touch Sensor Module technology stands out for its remarkable capabilities and adaptability. It employs surface-mount technology (SMT), which helps cut costs while allowing for the creation of larger, interactive displays that are responsive and dynamic. These modules excel in various touch-operated applications, making them ideal for the amusement machine industry.
A Promising Partnership
Under the terms of this agreement, NEXTY Electronics will pay an upfront technology access fee along with continuing royalties to Neonode. This partnership is expected to bring in between $2 to $3 million over the next few years, indicating its potential significance in the market.
What Makes Neonode’s Technology Unique?
After a detailed evaluation, NEXTY Electronics found that Neonode's latest TSM offerings were perfectly suited for the amusement industry. This agreement will enable NEXTY to enhance user experiences by improving operational performance and maintaining the visual appeal of the content shown on screens. Mikio Takano, NEXTY Electronics' Executive Officer, shared his excitement about continuing to work with Neonode, reflecting on their productive past collaborations.
Neonode's Vision for Technology Licensing
Fredrik Nihlén, the interim President and CEO of Neonode, expressed his enthusiasm about this strengthened collaboration. He pointed out that NEXTY's choice to manufacture TSMs demonstrates a solid acknowledgment of Neonode's groundbreaking technology and commitment to licensing.
Looking to Expand the Market
By partnering closely with NEXTY Electronics, Neonode seeks to expand its TSM technology distribution not just in Japan, but potentially in various international markets. Successful implementation in amusement machines could also pave the way for more innovative applications across different sectors, making this collaboration critical for the growth strategies of both companies.
About NEXTY Electronics
NEXTY Electronics is well-regarded for its diverse range, which spans from automobiles to advanced electronics. Their status as a leading electronics trading company allows them to effectively serve a wide array of industries. With this collaboration, they aim to take a leading role in the interactive entertainment arena through cutting-edge touch technology.
Contact Information
For more information, interested parties can reach out to Fredrik Nihlén, the interim President and CEO, via phone or email. Additionally, Johan Swartz, the Vice President of Marketing & Sales, is available to discuss this promising partnership.
Frequently Asked Questions
What is the goal of the partnership between NEXTY Electronics and Neonode?
The partnership aims to develop and manufacture next-generation amusement machines that utilize Neonode's advanced Touch Sensor Module technology.
What does Touch Sensor Module technology do?
This technology allows for the creation of larger, responsive touch displays that enhance user interactions across a variety of applications.
How will both companies benefit from this collaboration?
This agreement is expected to generate considerable revenue and enhance the technological reputation of both companies within the amusement market.
What is Neonode's strategy moving forward?
Neonode plans to focus on technology licensing, aiming to expand its applications beyond the amusement industry on a global scale.
Who should I contact for additional information?
For further details, individuals can reach out to Fredrik Nihlén or Johan Swartz from Neonode using the provided contact information.
