Neonode Signs Pan-European Distribution Agreement for AirBar™ Devices With IT Distributor Ingram Micro®


STOCKHOLM, Sweden, Feb. 22, 2016 (GLOBE NEWSWIRE) -- Neonode Inc. (NASDAQ:NEON), the Optical Interactive Sensing Technology Company, has signed a pan-European distribution agreement with Ingram Micro Europe for the distribution of AirBar devices.

AirBar brings displays to life, adding touch and gesture sensing to both new and existing PCs. AirBar works with Windows® and ChromeOS™ operating systems as a “Plug and Touch” solution anywhere: simply plug AirBar into the USB port and interact with the display immediately.

Ingram Micro is a leading company in the distribution of technology products and supply-chain services with physical presence in 17 European countries, and transacting to 30 countries throughout Europe. The European footprint for Ingram Micro is unmatched in channel presence making Ingram the optimum partner for Neonode in reaching leading retailers, online stores and resellers to the education and enterprise markets. Furthermore, Ingram’s strong alliances with major PC brands, including HP®, Lenovo®, Dell®, Asus® and Acer®, enable Ingram to bundle AirBar together with notebook offerings to the reseller market.

“Ingram Micro sets a very high standard in technology distribution and supply chain management. Through this cooperation, AirBar will reach a wide spectrum of retailers, and resellers. We are very excited to be working with the leading distributor and channel partner to achieve our vision of bringing AirBar to the mass-market,” said Remo Behdasht, SVP AirBar Devices at Neonode Inc.

“AirBar is a device that can bring value and enhance user-experience to PC users everywhere. We see great opportunities in working with Neonode and look forward to being the first to bring this unique product to our customers,” said Renke Krüger – Director, Business Management – Value and Peripherals Division at Ingram Micro Pan-Europe GmbH.

About Neonode
Neonode Inc. (NASDAQ:NEON) develops and licenses optical interactive sensing technologies. Neonode’s patented optical interactive sensing technology is developed for a wide range of devices like automotive systems, printers, PC devices, monitors, mobile phones, tablets and e-readers. NEONODE and the NEONODE Logo are trademarks of Neonode Inc. registered in the United States and other countries. AIRBAR is a trademark of Neonode Inc. All other trademarks are the property of their respective owners.

For more information please visit www.neonode.com.

Forward-Looking Statements
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.

© Copyright Neonode Inc. 2001 - 2016. All rights reserved.


            

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