Neonode Announces Licensing of MultiSensing(R) to Undisclosed Tier-One Consumer Electronics OEM in South Korea

Neonode Inc., NEON, the optical touch technology company, today announces that it has entered a license agreement with an undisclosed Tier-One Consumer Electronics OEM in South Korea, to incorporate its MultiSensing^® touch technology into high-volume consumer applications. Neonode's increasing success in nascent consumer markets such as tablets and wearable's, is due to its patented optical MultiSensing^® touch technology, which offers OEMs an incomparable value proposition. In addition to its efficient feature-rich solutions, which enable best-of-breed performance at low cost, Neonode's proximity sensing features, unique form factors (e.g. round multi-touch sensor) and compelling roadmap, provide Consumer Electronics OEMs with a rich palette of possibilities.