Neonode signs new AirBar distributor agreement with New Age Synnex for North America and are evaluating strategic options for...
October 04 2017 - 10:06AM
Neonode Inc. (NASDAQ:NEON), the Optical Interactive Sensing
Technology Company, today announced that it has signed a
distribution agreement for AirBar® with New Age Synnex, the leading
distributor of consumer electronics products into the North
American retail channel. Synnex focuses on the retail segment which
is important for the AirBar market strategy. Ingram Micro remains
an integral part of the AirBar distribution strategy. AirBar
is now available as a point of purchase accessory option on the
Dell.com configurator for the Inspiron 3000 range of non-touch
laptops.
“AirBar will be given greater prominence
with in-store promotions during the Halloween, Cyber Week, Black
Friday, and Holiday buying seasons. The promotional and selling
activities will be for AirBar as a stand-alone device and bundled
with the leading PC OEMs notebooks,” said Mr. Remo Behdasht, SVP
AirBar devices.
“Neonode is evaluating several strategic options
for the AirBar business to ensure that AirBar is given the full
resources, and opportunity to bring to fruition the success it
deserves,” said Thomas Eriksson, CEO of Neonode.
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, the NEONODE Logo and AIRBAR are
trademarks of Neonode Inc. registered in the United States and
other countries. 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 with 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.
For more information, please
contact:
Investor Relations:David BruntonEmail:
david.brunton@neonode.com
CFOLars LindqvistE-mail:
lars.lindqvist@neonode.com
© 2017, Neonode Inc. All rights reserved.
Neonode is a registered trademark of Neonode Inc.
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