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Neonode Touch Sensor Modules Selected for Touchless Holographic Elevator Rollout in China by Easpeed

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STOCKHOLM, SWEDEN, June 18, 2020 — Neonode Inc. (NASDAQ: NEON), is pleased to announce that its touch sensor modules have been selected by Anhui Easpeed Technology Co. (“Easpeed”) to upgrade thousands of elevators in China with holographic button panels.

There are numerous solutions on the market today aimed at reducing contact with elevator buttons, including voice-activated controls, solutions using mobile phones and proximity sensors. Neonode's touch sensor modules stand out for providing excellent touch response, and maintain the familiar touch button interface without risk of spreading pathogens shed on physical buttons.

Easpeed CEO Dong Cheng Han said, “Neonode's touch sensor modules are truly a breed apart from anything we’ve seen. We were able to easily incorporate the touch sensor modules with an in-air projection of a keypad for our elevator customers to provide a futuristic, elegant solution for our times.”

Urban Forssell, CEO of Neonode added, “I am proud that Neonode is able to offer a practical and economical solution to address how the public can safely interact with elevator controls, ATMs, gas pumps, restaurant kiosks and other devices. We call it ‘Contactless Touch.’ We are excited to see early adopter Easpeed swiftly moved forward to roll out their holographic button solution with our products across China.”

For more information, please contact:

Investor Relations
David Brunton
E-mail: david.brunton@neonode.com

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 touch, gesture control, and remote sensing. Building on experience acquired during years of advanced optical 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

Neonode live webinar, Tuesday, June 23
Switching to Holographic and Other Contactless Touch Solutions for Safer, Germ-free Interaction
Register at https://bit.ly/3dbHpL5

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ABOUT ANHUI EASPEED TECHNOLOGY CO. LTD.
Anhui Easpeed Technology Co. Ltd. (“Easpeed”) is a Chinese high-tech enterprise that focuses on research and development of precision optics technology. Easpeed dedicates its frontend optical technology and product research and development in the aim of improving human-machine interaction methods.


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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Neonode Touch Sensor Modules Selected for Touchless Holographic Elevator Rollout in China by Easpeed
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Neonode's touch sensor modules are truly a breed apart from anything we’ve seen. We were able to easily incorporate the touch sensor modules with an in-air projection of a keypad for our elevator customers to provide a futuristic, elegant solution for our times.
Easpeed CEO Dong Cheng Han
I am proud that Neonode is able to offer a practical and economical solution to address how the public can safely interact with elevator controls, ATMs, gas pumps, restaurant kiosks and other devices. We call it ‘Contactless Touch.’ We are excited to see early adopter Easpeed swiftly moved forward to roll out their holographic button solution with our products across China.
Neonode CEO Urban Forssell