Neonode Launches Range of zForce AIR™ Touch Sens

STOCKHOLM, Sweden, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Neonode Inc. (NASDAQ: NEON ), the optical sensor technology company, today announced that is has started to ship zForce AIR Touch Sensors to customers. The zForce AIR Touch Sensor enables instant touch interaction on any device with a USB or I2C interface. The sensor simplifies integration into any host based application supporting the most common interfaces, by integrating precision optics, lasers along with a Neonode proprietary controller IC. The zForce AIR Touch Sensor reports touch coordinates up to 300 times per second for virtually zero delay.

“Neonode´s OEM and Tier1 customers can select sensors in sizes from 43 to 346 mm for easy integration into their products. To reduce time to market and support our customers' development teams, we provide software development kits, datasheets and other support tools. We designed our sensors from the ground up to enable simple integration into virtually any touch application and to expand our total addressable market. Our first sensors, targeting traditional touch applications, will be followed by new sensors for a wide range of applications and markets,” said Thomas Eriksson, CEO of Neonode.

Sales channel distributors will be announced tomorrow.

About Neonode

Neonode Inc. develops, manufactures and sells optical sensing components. Thanks to years of research & development, Neonode’s proprietary optical sensing technology is deployed in a wide range of applications – ranging from consumer electronics to automotive systems. To date 50+ million products are on the market using Neonode technology, including 2+ million vehicles and 48+ million consumer electronic products.

NEONODE and the NEONODE Logo are trademarks of Neonode Inc. registered in the United States and other countries. ZFORCE AIR is a trademark of Neonode Inc. All other trademarks are the property of their respective owners.

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 financial strategy and growth, the annual meeting of stockholders, and a dual listing of common stock. These also include, but are not limited to, statements relating 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 (the ”SEC”) 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.

Additional Information

In connection with its annual meeting of stockholders, Neonode intends to file with a proxy statement with the SEC. Neonode stockholders and other interested persons are advised to read the proxy statement when available as it will contain important information about Neonode and the proposals to be submitted at its annual meeting. Stockholders can also obtain copies of the proxy statement when available, and other documents filed with the SEC, without charge, at the SEC's web site at www.sec.gov, or by directing a request to Neonode at Storgatan 23C, 11455, Stockholm, Sweden or by calling 46 (0) 8 667 17 17. Neonode and its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the annual meeting. Information regarding the interests of these directors and executive officers will be included in the proxy statement when available. Additional information regarding Neonode’s directors and executive officers is included in Neonode’s Annual Report on Form 10-K for the year ended December 31, 2016, which is available free of charge at the SEC web site at www.sec.gov and at the address described above.

For more information, please contact:

Investor Relations: David Brunton Email: david.brunton@neonode.com

CFO: Lars Lindqvist E-mail: lars.lindqvist@neonode.com              © 2017, Neonode Inc. All rights reserved. Neonode is a registered trademark of Neonode Inc.