Neonode® Signs License Agreement With CheonJo Corp. for High-End Outdoor Color LCD Displays
Neonode ® Signs License Agreement With CheonJo Corp. for High-End Outdoor Color LCD Displays
Neonode Announces Digital Signage, Outdoor and Larger Display Market Entry
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Neonode Inc., (NAS: NEON) , the optical touch technology company, announced today the cooperation with CheonJo Corp., a leading LCD module manufacturer in South Korea. CheonJo will initially integrate Neonode's Multisensing® technology into to high-margin 15-inch outdoor touch displays for bank ATM's, estimated to go into production towards the end of this year.
"We are very excited about the cooperation with CheonJo. This license agreement is a merit for us, as it represents a high-royalty business, and also our entry in to the fast growing digital signage, outdoor and larger display market," says Thomas Eriksson, Neonode CEO.
Neonode's Multisensing solution provides an unmatched high speed and accuracy, and is designed to withstand frequent use and wear. The technology is resistant to false touches caused by dust, grime or water droplets, which is a prerequisite for open-air displays. Furthermore, the design allows for any object input, such as pens or styluses, and enables excellent optical clarity - an important factor for outdoor displays that are exposed to sunlight.
Thomas Eriksson continues, "There is a towering demand for high-performance touch technologies for outdoor applications, where Neonode's strong-featured Multisensing solution enables a radically improved user experience that facilitates a highly responsive, no-glare user interface. In addition, the robust design could also minimize potential hardware damage like scratches and dents caused by frequent outdoor usage. We are looking forward to a close cooperation with the CheonJo team," Eriksson concludes.
"Due to the high safety requirements surrounding this industry - products for banking systems - it is exceedingly important for us to choose a partner that can deliver a reliable, tested and failsafe touch technology to our products. We have chosen Neonode's Multisensing technology, as it will improve our high-end products with a high sensitivity multi-touch solution. The Neonode Multisensing solution is a perfect match for us as it exhibits excellent performance, with a smooth user experience - even with gloves. Furthermore, it can withstand extreme weather conditions and is optimized for future functions such as pen or stylus input," says Mr. SeokHee Park, CEO and founder of CheonJo Corp.
About CheonJo Corp.
CheonJo Corp. was founded in 1984 in Seoul, South Korea. Since 2003, CheonJo has continuously diversified and has grown into a total display solution provider. CheonJo develops and supplies integrated IT parts, products and software solution for the corporate clients including the banking industry. CheonJo provides a wide variety of integrated products in the form of semi-finished and finished products ranging from parts for ATM machines, digital signage, electric vehicle charger, elevator products and IT components to media contents. For more information, please visit www.cheonjo.com or contact MJ Kim at firstname.lastname@example.org.
Neonode Inc. (NAS: 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 touch 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 such as mobile phones, tablets and e-readers, toys and gaming consoles, printers, white goods, wearable goods and advanced automotive infotainment systems. Neonode, the Neonode logo, Multisensing, and zForce are trademarks of Neonode Inc. registered in the United States and other countries. Liquid Sensing, It Makes Sense and AlwaysON are trademarks of Neonode Inc. For more information please visit www.neonode.com.
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.
KEYWORDS: United States Asia Pacific North America California South Korea
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