SBEI Sbe (MM)

Neonode, the Swedish developer of mobile devices and pioneer in buttonless, touch screen mobile phones, has received a considerable order from the operator, Telenor Sweden, for the new Neonode N2. Neonode announced today that it has received a considerable order from the operator, Telenor Sweden, a leading provider of complete communication services such as mobile and fixed telephone and data services. With the order, Neonode N2 will be distributed starting in September 2007 through Telenor Sweden�s own stores, partner stores as well as Telenor Xpress, the company�s sales event organization. �We are happy to present another innovative Scandinavian brand in our portfolio. Neonode is one of the companies that are capable of presenting the next big thing on the market and also leading the way,� said Anders Jensen, Marketing Director of Telenor Sweden. Neonode was previously this year named to the annual FierceWireless �Fierce 15� list, designating it as one of the top wireless companies of the year. The company recently launched Neonode N2 in south-eastern Europe as its inaugural region. �We are delighted to add another well respected partner to our list of customers. Telenor with its strong market presence and consumer acceptance is the perfect partner for Neonode�s home market,� said Mikael Hagman, President and CEO of Neonode. Neonode is currently finalizing additional agreements with several partners in Europe and other major markets. The company is also merging with SBE, Inc., a publicly-traded company (NASDAQ:SBEI) pending SBE shareholder approval on August 10, 2007. 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.