Neonode Launches Sharpened Strategy with Full Focus on Its Licensing Business
STOCKHOLM, SWEDEN, December 12, 2023 — Neonode Inc. (NASDAQ: NEON) today announces a new, sharpened strategy with full focus on its licensing business. Consequently, Neonode will phase out its Touch Sensor Module (“TSM”) product business through licensing of the TSM technology to strategic partners or outsourcing.Neonode has been successful in licensing technology historically and the management team sees the largest potential for future growth and profitability in this area. The focus will be on licensing of the advanced MultiSensing® platform for driver and in-cabin monitoring and the