SBEI Sbe (MM)

Neonode, a Swedish developer of mobile devices and a pioneer in buttonless, touchscreen mobile phones, expanded its network of distribution partners with an agreement with AEG to distribute the new Neonode N2 mobile phone in several markets. Neonode announced today that it signed a distribution agreement with AEG Portuguesa S.A., the official supplier to TMN, the largest Portuguese mobile operator. AEG is a major distributor of mobile phones and accessories in Portuguese speaking markets with direct access to operators as well as retailers. As part of the agreement, AEG will distribute the new Neonode N2 in Portugal, Brazil, Mozambique, Angola and Cabo Verde. �It�s clearly a milestone to have AEG join the expanding Neonode network of partners. AEG has served TMN, Vodafone, Optimus, Auchan, MediaMarkt and Staples amongst others in an effective and powerful manner. We are truly delighted to have AEG provide Neonode with the necessary reach into the markets that they serve so well� said Mikael Hagman, President and CEO of Neonode. Neonode showcased its new mobile phone, the Neonode N2, at the 3GSM World Congress in Barcelona to critical acclaim. The company was recently named to the annual FierceWireless �Fierce 15� list, designating it as one of the top wireless companies of the year. Based on their creativity and innovations in the marketplace, FierceWireless found Neonode to be amongst the �fiercest�. Neonode is finalizing distribution agreements for the N2 with several additional partners in Europe and other major markets. About Neonode Neonode was founded in 2001 and is a Swedish developer of mobile devices. The mobile devices are based on patented technologies which enable a unique user experience. Neonode Inc. has recently announced the execution of a definitive merger agreement with SBE, Inc. a publicly-traded company (NASDAQ:SBEI). After shareholder approval of the merger, the combined company's headquarters will be in Stockholm, Sweden, where Neonode's current corporate headquarters is located. For more information visit www.neonode.com.