Neonode Files 100th Patent Application SANTA CLARA

SANTA CLARA, Calif., Oct. 24, 2013 (GLOBE NEWSWIRE) -- Neonode Inc ., (Nasdaq: NEON ), the optical touch technology company, announced today that it has crossed the threshold of having over 100 issued patents and patent applications in its portfolio. With these patents, Neonode is driving major industry advancements in optical touch, industrial design and user interfaces.

Neonode's patent portfolio covers five key innovation areas in light-based touch sensing:

–  User Interfaces

–  Optics

–  Controllers

–  Driver Software

–  Industrial Design

Examples of issued patents in these areas include,

• U.S. Patent No. 8,095,879, " User Interface for Mobile Handheld Computer Unit ," and U.S. Patent No. 8,416,217, " Light-Based Finger Gesture User Interface " (User Interfaces)
• U.S. Patent No. 8,339,379, " Light-Based Touch Screen " and U.S. Patent Application Serial No. 14/016,076, " Optical Touch Screen using Total Internal Reflection " (Optics)
• U.S. Patent No. 8,471,830, " Scanning of a Touch Screen " (Controllers)
• U.S. Patent No. 7,880,732, " Touch Screen for Mobile Telephone " (Drivers)
• U.S. Design Application Serial No. 29/432,924, "Tablet Computer," and U.S. Design Application Serial No. 29/441,356, " Mobile Phone ," (Industrial Design)

Neonode files its patents around the world: in the US, Europe, Japan, South Korea, China, Canada, Australia and Singapore. Neonode's aggressive patent prosecution has successfully increased the number of issued patents and registered designs from 8 on October 1, 2012, to 19 as of today, and filed 45 new applications in the past 12 months.

"These new patents demonstrate the extraordinary edge that lies at the core of our technology. The high rate at which Neonode is granted its progressive intellectual properties is, in addition, a genuine testament to the outstanding achievements of our research team, which has adopted a sincerely scientific approach to touch, proximity and gesture development," said Thomas Eriksson CEO of Neonode. "Our successful strategy encourages us to keep filing new applications to address significant and unmet market needs for gesture, touch and proximity-sensing technology. We believe that this execution of patent applications is in line with the high degree of confidence that our customers, shareholders and financial institutional partners already have in us," he concluded.

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 and proximity 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 and proximity 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 to support IOT (Internet of Things) applications 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

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.

Neonode only releases news of new customer agreements and design wins that are considered to be potentially material. Although every reasonable effort is made to present current and accurate information, Neonode makes no guarantees of any kind. 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.

Investor Relations Neonode: Daniel Gelbtuch P: +1 917.509.9582 Email: