Neonode Reports Exploration of Strategic Alternatives for UI Patent, Licensing Unit
Neonode Inc., (Nasdaq: NEON), the optical touch technology company, announced today that its Board of Directors has authorized the exploration of strategic alternatives with respect to its user-interface patent and licensing subsidiary.
This unit's intellectual property portfolio principally relates to user-interface gestures utilized in a touchscreen. The Board intends to consider a broad range of alternatives including, but not limited to, a merger, sale, or spin-off.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.