STOCKHOLM, Oct. 27, 2020 /PRNewswire/ -- Neonode Inc.
(NASDAQ: NEON), is pleased to announce it has signed a value-added
reseller agreement with Global Electronics Corporation (GEC) to
promote and sell Neonode sensor products in Japan and Southeast
Asia.
GEC is an experienced electronics solution provider and
distributor whose mission is to deliver value added products to
customers as well as products and services that contribute to
society. GEC has an extensive sales and distribution organization
as well as engineering services and manufacturing capabilities,
which makes GEC a comprehensive provider of components, integrated
systems and value-added engineered products.
"This agreement with GEC increases our presence in Japan and Southeast
Asia. We are happy to partner with GEC to increase the
technical and commercial offerings of Neonode products to customers
in this region." said Neonode CEO Dr. Urban
Forssell.
Mr. Kiichi Matsuda, Executive
Chairman of GEC, added "We see many opportunities for contactless
touch interfaces and believe that Neonode sensor modules will
provide the best value to our customers."
For more information, please contact:
Investor Relations
David Brunton
E-mail: david.brunton@neonode.com
Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com
About Neonode
Neonode Inc. (NASDAQ:NEON) is a publicly traded company,
headquartered in Stockholm, Sweden
and established in 2001. The company provides advanced optical
sensing solutions for touch, gesture control, and remote sensing.
Building on experience acquired during years of advanced optical
R&D and technology licensing, Neonode's technology is currently
deployed in more than 75 million products and the company
holds more than 120 patents worldwide. Neonode's customer base
includes some of the world's best-known Fortune 500 companies in
the consumer electronics, office equipment, medical, avionics, and
automotive industries.
NEONODE and the NEONODE logo are trademarks of Neonode
Inc. registered in the United
States and other countries.
For further information please
visit www.neonode.com
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About Global Electronics
Corporation
Global Electronics Corporation (GEC) headquartered in
Tokyo, Japan, is involved in
several business areas, including import and export, manufacture
and distribution of electronic components. For more information
please
see https://www.gec-tokyo.co.jp/en/corporate/profile
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 the expected proceeds and closing of the private
placement. 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 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.
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https://news.cision.com/neonode/r/neonode-and-global-electronics-corporation--gec--of-japan-sign-value-added-reseller-agreement,c3225897
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Neonode and Global
Electronics Corporation (GEC) of Japan Sign Value-Added Reseller
Agreement
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SOURCE Neonode