Thomas Eriksson to Resign as CEO of Neonode
December 05 2017 - 9:00AM
Neonode Inc. (NASDAQ:NEON), the optical interactive sensing
technology company, today announced that Thomas Eriksson, CEO and
co-founder of Neonode, will step down from his position as CEO at
the end of this year for other roles in Neonode. He will remain on
the Board of Directors.
Andreas Bunge, a recent investor in Neonode and member of the
Board of Directors, will serve as interim CEO from January 1, 2018
until a new CEO is in place. Andreas Bunge previously has been CEO
of various companies including Spago Nanomedical AB (formerly Spago
Imaging AB), Accelerator Nordic AB, and Applied Sensor AB/ Nordic
Sensor Technologies AB.
“Neonode is now entering a new phase in its development, and I
am excited about the possibilities and the growing addressable
market for our Multisensing technology,” said Thomas Eriksson. “I
believe our company is well positioned to capitalize on recent
strategic investments. With our new line of sensor components, we
have created a platform to scale Neonode’s business into new
applications and markets.”
“I am an entrepreneur by heart,” continued Thomas Eriksson. “I
will continue to work with Neonode and, together with Andreas,
participate in R&D, innovation, and business development with
our key customers.”
“The Board of Directors respects Thomas’ decision and we know he
will continue to contribute in a meaningful way to Neonode’s
future,” said Ulf Rosberg, Chairman of the Board of
Directors. “Thomas has been instrumental in the development of
Neonode’s leading technology over the last 6 years while serving as
CEO. We remain focused on finalizing key customer agreements in
selected market segments, improving our internal processes, and
building a solid operation geared for profitable growth.”
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
Safe Harbor Statement
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. 2017. All rights
reserved. Neonode is a registered trademark of Neonode Inc.
For more information, please contact:
Chairman of the Board:Ulf RosbergE-mail:
ulf.rosberg@neonode.comMobile: +46 70 516 9402
CFO:Lars LindqvistE-mail: lars.lindqvist@neonode.com
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