Key Developments: Neonode Inc (NEON.PH)
5.29USD
21 May 2013
$-0.04 (-0.75%)
$5.33
$5.29
$5.29
$5.29
100
577
$7.24
$3.24
Latest Key Developments (Source: Significant Developments)
Neonode Inc Establishes New Subsidiary in Tokyo
Neonode Inc announced the expansion of the Company's operations in the form of a new subsidiary in Tokyo, Japan, named Neonode Japan Inc. Establishing a localized sales and technical support presence will allow Neonode to meet the growing demand for MultiSensing touch solutions from Japanese OEMs. Full Article
Neonode Inc Reaffirms FY 2012 Revenue Guidance
Neonode Inc announced that for fiscal 2012, it expects revenue to be between $18.0 million and $20.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of revenue of $19 million for fiscal 2012. Full Article
Neonode Inc Announces Listing On NASDAQ
Neonode Inc announced that its application to list the Company’s common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on NASDAQ is expected to commence on May 1, 2012 under the ticker symbol “NEON”. Full Article
Neonode Inc Enters New Market Signing License Agreement With Global Manufacturer Of Displays
Neonode Inc announced that it has signed a new technology license agreement with a global manufacturer of consumer displays. This agreement marks introduction of Neonode’s MultiSensing Touch Technologies to new market categories. Due to product secrecy issues, the name of the global manufacturer included in this agreement cannot be disclosed at this time. Full Article
Neonode Inc Issues FY 2012 Revenue Guidance In Line With Analysts' Estimates
Neonode Inc announced that for fiscal 2012, it expects net sales to be between $18.0 million and $20.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $18.9 million for fiscal 2012. Full Article
Neonode Inc Signs Multi-Sensing Technology License Agreement With Office Equipment Manufacturer
Neonode Inc announced that it has entered into a multi-year technology license agreement with one of the global manufacturers of office equipment. The first product, based on Neonode’s Multi-Sensing solution, is expected to be launched by the third quarter of 2012. Under the terms of the agreement zForce, Neonode’s industry Multi-Sensing technology, will be integrated with the color LCD panels on a certain range of office equipment. Neonode has already completed the integration of zForce with the first batch of products included in the agreement. Neonode will receive an undisclosed license fee for each unit of the products sold that features the Multi-Sensing technology. There is no minimum or maximum total amount of license fees that Neonode can receive as a result of this customer agreement. Full Article
Neonode Inc Announces Issue Of US Patent For Sweep Gesture User Interface
Neonode Inc announced the January 10th, 2012 issuance to Neonode, Inc. by the US Patent and Trademark Office of patent number 8,095,879 for sweep gesture user interfaces. The patent covers activating a function in response to a touch-and-glide operation on a touch sensitive surface. This patent complements Neonode’s US patents 7,880,732 and 8,068,101 for small to midsize touchscreen devices. The patented technology is marketed and sold as Neonode’s offer to OEMs and ODMs. Full Article
Neonode Inc Announces Closing Of Common Stock Offering
Neonode Inc announced the closing of its underwritten registered offering of 4,300,000 shares of its common stock, of which 3,000,000 shares were sold by Neonode and 1,300,000 shares were sold by Per Bystedt, its executive chairman, and Thomas Eriksson, its chief executive officer, at a price of $4.00 per share. The offering resulted in net proceeds to Neonode of approximately $11.2 million, after deducting the underwriting discount but before deducting other estimated offering expenses payable by Neonode. Neonode anticipates using the net proceeds from the offering primarily for general corporate purposes, including capital expenditures and working capital. The closing included an additional 300,000 shares, which were sold by the selling stockholders upon the exercise by the underwriter of its over-allotment option. Neonode will not receive any proceeds from the sale of any shares by the selling stockholders or upon the exercise of the underwriter’s over-allotment option. Cowen and Company, LLC acted as underwriter and sole book-running manager for the offering. GP Bullhound Ltd. acted as financial advisor for the offering. Full Article
Neonode Inc Prices $16.0 Million Public Offering Of Common Stock
Neonode Inc announced the pricing of a $16.0 million underwritten public offering of 4,000,000 shares of its common stock, of which 3,000,000 shares are being offered by Neonode and 1,000,000 shares are being offered by Per Bystedt, its executive chairman, and Thomas Eriksson, its chief executive officer. The shares will be offered at a price to the public of $4.00 per share. The net proceeds to Neonode from this offering are expected to be approximately $11.2 million, after deducting the underwriting discount but before deducting other estimated offering expenses payable by Neonode. The selling stockholders have granted the underwriters a 30-day option to purchase, at the public offering price, up to an aggregate of 600,000 additional shares of its common stock to cover overallotments, if any. Neonode will not receive any proceeds from the sale of any shares by the selling stockholders or upon the exercise by the underwriter of its over-allotment option. The offering is expected to close on or about December 13, 2011, subject to customary closing conditions. Neonode anticipates using the net proceeds from the offering primarily for general corporate purposes, including capital expenditures and working capital. Cowen and Company, LLC is acting as underwriter and sole book-running manager for the offering. GP Bullhound Ltd. is acting as financial advisor for the offering. Full Article
Neonode Inc And Sonim Technologies Sign License Agreement for Touch-Enabled Mobile Phones
Neonode Inc and Sonim Technologies, announced the signing of a worldwide technology license agreement based on Neonode`s patented zForce optical touch screen technology. Under the terms of the royalty-based agreement, Sonim will integrate zForce into certain of its mobile phone products for the global marketplace. Full Article
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