Neonode Announces Successful Cooperation with Volvo Cars for their Next Generation, High Performing In-vehicle Infotainment System – the Sensus Connected Touch

SANTA CLARA, Calif. & STOCKHOLM--(BUSINESS WIRE)--Neonode Inc., (NASDAQ: NEON), the optical touch technology company, today announces that it is cooperating with Volvo Cars to incorporate Neonode’s Multisensing™ technology into Volvo’s new and connected infotainment device - the Sensus Connected Touch. The Sensus Connected Touch is a complete 7-inch touch panel operating on Google Android.

“The fact that Volvo has chosen to implement Neonode’s Multisensing™ technology in to their new system is a testament to the high quality and performance of our technology. The Volvo Sensus Connected Touch is a result of very progressive thinking, and we are very honored to deliver an integral part to this advanced system. The new Sensus Connected Touch signals a much-anticipated modernization of in-car infotainment systems, where Neonode’s Multisensing™ solution provides a premium user experience and smooth navigation. We look forward to seeing the system fully integrated into new Volvo cars this year,” says Thomas Eriksson, CEO at Neonode.

Neonode’s MultiSensing™ touch solution for the automotive industry is very adaptable when it comes to design and operation, and is developed to fulfill strict safety regulations. The technology provides a 100% transparent, no-glare interface that is undisturbed by electrical interference or other light sources such as sunlight. Neonode’s Multisensing technology is based on infrared light, enabling touch by any type of object such as gloved fingers, car-keys, styluses or ordinary pens. Other benefits are built-in diagnostics that provide a self-reliant system alerting its operational status to other critical on-board systems.

The Sensus Connected Touch was pre-viewed at CES in Las Vegas and at the MWC in Barcelona, and launched last week at the Geneva Motor Show 2013.

Watch the Sensus Connected Touch infomercial on YouTube:
http://youtu.be/DBU2jCrV1ds

About Neonode

Neonode Inc. (NASDAQ:NEON) develops and licenses the next generation of MultiSensing touch technologies, allowing 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 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, LIQUID SENSING, IT MAKES SENSE and ALWAYSON are trademarks of Neonode Inc. 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 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.