Neonode® Lands Design Win With Premier Global OEM of Home Appliances
Neonode ® Lands Design Win With Premier Global OEM of Home Appliances
New Tier One Design Win Coincides With the Introduction of Neonode's New MultiSensing® Platform For Home Appliances
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Neonode Inc., (NAS: NEON) , the optical touch technology company, today announced that it has landed a design win with a premier global home appliance OEM. This win coincides with the launch of Neonode's new home appliance touch control platform, Multisensing HOME, which targets next generation major and small home appliances.
"We are experiencing increased attention from appliance OEM's, looking to license and implement our Multisensing solutions, which offer a compelling mix of high-performance, power efficiency, and attractive cost," said Thomas Eriksson, CEO of Neonode.
The Multisensing HOME platform is designed for easy-integration into domestic appliances such as washing machines, dishwashers, stoves, fridge-freezers, microwaves and more. More significantly, it allows appliance OEM's to replace antiquated button, dials, and resistive touchpads, by integrating high-performance proximity sensing (touchless) and multi-touch controls. This new platform also simplifies OEM production processes, shortens time to market, and reduces the bill of materials (BOM).
Built upon Neonode's cutting-edge technologies, this platform offers a wide array of Multisensing features, such as:
- Real-time touch that integrates proximity-sensing and unlimited gestures
- Tolerance of extreme temperature, vibration, and electromagnetic (EMC) ranges
- Market-leading power efficiency; under 1 mW
- Optically clear and glare-free user-interfaces, which are water resistant
- Product customization helps OEMs differentiate and shorten development cycles
- Solid-state touch control, which reduces production and warranty costs
Thomas Eriksson continued, "Our new home appliance touch platform addresses all the critical requirements for sturdiness, ultra-low power consumption, and resistance to electrical interference, vibration, and water sprays. It also facilitates elegant industrial design, thereby improving product aesthetics and usability," he concluded.
According to a report by Global Industry Analysts, Inc., the global market for major electric household appliances is expected to reach 543 million units by 2015, with the small appliance market eclipsing 616M units.
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.
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