Profile: Neonode Inc (NEON.OQ)

NEON.OQ on NASDAQ Stock Exchange Capital Market

9 Oct 2015
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$0.06 (+2.69%)
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Neonode Inc. (Neonode), incorporated on September 4, 1997, develops and licenses user interfaces and optical infrared touch technology. The Company's technology offers multiple features, including the ability to sense an object's size, depth, velocity, pressure and proximity to any type of surface. The Company licenses its multi-touch technology to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) who incorporate it into devices that they produce and sell. The Company does not manufacture products or components. As of December 31, 2014, the Company had thirty-five technology license agreements with global OEMs and ODMs. In addition, the Company develops prototype products and is engaged in product engineering design discussions with numerous global OEMs and ODMs who are in the process of qualifying its touch technology for incorporation in various products.

The Company offers its family of touch solutions under the brands MultiSensing and zForce. Its optical touch technology projects a plane of light beams in free air or over any flat touch surface. Its technology also sends light into a fluid or a glass to achieve a flush design without a bezel. Its solution provides sense enablement through touch and proximity sensing. Consumers experience its technology in products, such as laptop computers, all-in-one computers and stand-alone monitors running on Microsoft Windows and Google Chrome operating systems, printer products, global positioning systems (GPS devices), e-Readers, tablets, touch panels for automobiles, household appliances, mobile phones, wearable electronics, games and toys. In addition to traditional screens, its technology can make any surface, including water and air.

The Company also offers engineering consulting services to its OEM and ODM customers. The Company develops, but do not produce controller chips or other components. Under its licensing model, its OEM and ODM customers use single optical controller chips developed in collaboration with Texas Instruments designed specifically for its optical touch technology. The Company's NN1001, NN1002, and NN1003 controller chips have various features: NN1001 and NN1002 have scanning speeds of 1000 Hz (latency down to 1 millisecond); NN1002 supports power management and enables touch detection even when the device is in sleep or off mode; NN1002 and NN1003 are synchronized to touch enabled larger areas by using multiple chips and NN1002 and NN1003 support simultaneous scanning. The Company's touch and proximity sensor technology platform for mobile phones can be integrated in the phone or in a phone mobile phone protective case that enables an interaction with applications not only on the screen but also in the space around and above the mobile phone. Its touch technology is also suitable for smart watches, fitness devices, activity trackers, medical monitors, multifunction keyboards and GPS tracking devices, gaming and toy products.

The Company competes with Synaptics, ATMEL, Cypress, Maxim, Tyco Electronics and Touch International.

Company Address

Neonode Inc

Storgatan 23C
STOCKHOLM     114 55
P: +468.6671717

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