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July 12, 2012, 10:13 a.m. EDT
Neonode(R) Signs Long-Term License Agreement with Alpine for Next Generation In-Vehicle Touch Infotainment Systems
SANTA CLARA, Calif., Jul 12, 2012 (BUSINESS WIRE) -- Neonode Inc /quotes/zigman/9848316/quotes/nls/neon NEON +1.64% , the MultiSensing(TM) touch technology company, announced today that it has entered into a multi-year licensing agreement with Alpine Electronics Inc., a leading automotive systems and audio specialist, to embed Neononde's patented MultiSensing(TM) technology, that includes the Neonode AlwaysON(TM) and proximity features, into Alpines In-Vehicle Infotainment System products.
The Neonode MultiSensing(TM) solution is a robust optical touch technology, particularly suitable for vehicle displays. Unlike other touch solutions, it detects any type of object, like a gloved hand or a car key. In addition, the Neonode AlwaysON(TM) power saving feature enables gesture activated wake-up of the screen when it is in sleep or off mode. The solution also includes a proximity function that senses objects up to 4 inches away, supporting multi "air gesture" commands without having to actually touch the display surface.
"We are very happy to announce the agreement with Alpine as we continue to expand our customer base in the Automotive components and module market. The display resolution, durability, accuracy, and the fact that you can use our technology with gloves are important factors for an intuitive user experience in touch enabled automotive displays," said Neonode CEO Thomas Eriksson. "We have established a mutually inspiring relationship with Alpine and we look forward to bring our MultiSensing(TM) touch technology to their products worldwide," Eriksson concluded.
The MultiSensing(TM) Touch solution is built on Neonode's patented optical multi touch technology, zForce(R).
Neonode Inc. /quotes/zigman/9848316/quotes/nls/neon NEON +1.64% develops and licenses the next generation of MultiSensing(TM) touch technologies, enabling 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(TM) 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 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 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.
SOURCE: Neonode Inc