Neonode Provides Corporate Update
June 12 2017 - 5:30AM
External Advisor and New Board Members to
Guide Future Growth
Neonode Inc. (NASDAQ:NEON), the Optical Interactive Sensing
Technology Company, today announced key initiatives made by the
Board of Directors.
- Neonode has engaged an external advisor to assist with
financial strategy and execution of the company’s growth plan
- The Board of Directors will propose adding two new members at
Neonode’s annual meeting of stockholders planned for August• Per
Eriksson, CEO of NetEnt and previous CEO of Dell Nordic• Asa Hedin,
director of several Swedish high-tech companies
- Neonode is preparing for a dual listing of its common stock
onto the Nasdaq OMX Stockholm
“Over the past several quarters, Neonode has invested in the new
line of embedded sensor modules incorporating our zForce
technology. The next step is to ensure we capitalize on our
IP investments and leverage our strong client relationships. I am
convinced that with the initiatives announced today, we are well
positioned to further strengthen Neonode as a leading supplier of
advanced sensor technology,” commented Thomas Eriksson, CEO of
Neonode.
To oversee the company’s future growth and add new capabilities,
two experienced technology executives will be proposed by Neonode
at its upcoming annual meeting of stockholders to join the Board of
Directors:
Per Eriksson currently serves as the President
and CEO of digital entertainment company NetEnt, listed in
Stockholm. He has more than 26 years of experience with B2B sales
in the IT industry. Prior to joining NetEnt, Per Eriksson served as
the President and CEO of Dustin Group, and as head of Dell EMC for
EMEA and CEO of Dell Nordic. Per Eriksson is not related to
Thomas Eriksson, CEO of Neonode.
Asa Hedin currently serves on the Board
Directors of Tobii AB, Nolato AB, Immunova AB, Cellavision AB,
Fingerprint Cards AB, and E. Ohman J:or Fonder AB. She also serves
as an industrial advisor at the Department of Microtechnology and
Nanoscience at Chalmers University of Technology. Ms. Hedin
has held senior executive positions at companies such as Elekta,
Gambro and Siemens Healthcare.
In addition, Neonode is preparing for a dual listing on the
Nasdaq OMX Stockholm in order to increase awareness and reach a new
investor base in the Swedish market. Neonode will continue to
maintain its existing listing of common stock on the Nasdaq Capital
Market in the United States.
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
financial strategy and growth, the annual meeting of stockholders,
and a dual listing of common stock. These also include, but are not
limited to, statements relating 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 (the ”SEC”) 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.
Additional Information
In connection with its annual meeting of stockholders, Neonode
intends to file a proxy statement with the SEC. Neonode
stockholders and other interested persons are advised to read the
proxy statement when available as it will contain important
information about Neonode and the proposals to be submitted at its
annual meeting. Stockholders can also obtain copies of the proxy
statement when available, and other documents filed with the SEC,
without charge, at the SEC's web site at www.sec.gov, or by
directing a request to Neonode at Storgatan 23C, 11455, Stockholm,
Sweden or by calling 46 (0) 8 667 17 17. Neonode and its directors
and executive officers may be deemed to be participants in the
solicitation of proxies in connection with the annual meeting.
Information regarding the interests of these directors and
executive officers will be included in the proxy statement when
available. Additional information regarding Neonode’s directors and
executive officers is included in Neonode’s Annual Report on Form
10-K for the year ended December 31, 2016, which is available free
of charge at the SEC web site at www.sec.gov and at the address
described above.
© 2017, Neonode Inc. All rights reserved. Neonode is a
registered trademark of Neonode Inc.
For more information, please contact:
Investor Relations:
David Brunton
Email: david.brunton@neonode.com
CFO
Lars Lindqvist
E-mail: lars.lindqvist@neonode.com
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