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Neonode Touch Sensor Modules Selected for Contactless Kiosk Rollout at Several Asian Airports

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STOCKHOLM, SWEDEN, March 17, 2021 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that it has received an order for and will supply touch sensor modules to Japan Aerospace Corporation, a Neonode value-added reseller, who has been selected by a major Asian airline to retrofit its contactless touch solutions featuring Neonode’s technology on existing self-service check-in and baggage drop kiosks at multiple airports in Asia.

“This order represents a breakthrough in an important market segment for Neonode and we look forward to growing our contactless touch business with this and other customers in the transportation domain,” said Dr. Urban Forssell, CEO of Neonode.

For more information, please contact:

Investor Relations
David Brunton
E-mail: david.brunton@neonode.com
Phone: +1 925 768 0620 

 
Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com 

About Neonode
Neonode Inc. (NASDAQ:NEON) is a publicly traded company, headquartered in Stockholm, Sweden and established in 2001. The company provides advanced optical sensing solutions for contactless touch, touch, gesture control, and in-cabin monitoring. Building on experience acquired during years of advanced R&D and technology licensing, Neonode’s technology is currently deployed in more than 75 million products and the company holds more than 120 patents worldwide. Neonode’s customer base includes some of the world’s best-known Fortune 500 companies in the consumer electronics, office equipment, medical, avionics, and automotive industries.


NEONODE and the NEONODE logo are trademarks of Neonode Inc. registered in the United States and other countries.

For further information please visit www.neonode.com

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Safe Harbor Statement
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 the expected proceeds and closing of the private placement. 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 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.

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Quotes

This order represents a breakthrough in an important market segment for Neonode and we look forward to growing our contactless touch business with this and other customers in the transportation domain
Dr. Urban Forssell, CEO of Neonode