PR Newswire | Oct 23, 2020 09:32AM EDT

Contractor

10/23 08:31 CDT

Neonode Enters Prototype Development Agreement with Leading U.S. Defense Contractor STOCKHOLM, SWEDEN, Oct. 23, 2020

STOCKHOLM, SWEDEN, Oct. 23, 2020 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) is pleased to announce that it has signed an agreement with a leading U.S. defense contractor to develop prototypes of novel touchscreen technology for aerospace and defense applications. This is the first project with a defense contractor that Neonode engages in and a direct result of executing on the new business strategy that the company has decided on for its business area HMI Solutions.

"I am extremely proud of the focused effort of our HMI Solutions team to secure this business and we are looking forward to building and delivering this mission-critical technology. Our customer is an agile and innovative global technology corporation and we see potential to expand our business with them significantly in the coming years. We also know that working on demanding aerospace and defense applications will give positive impact also on broader commercial applications, which is an added value." said Dr. Urban Forssell, CEO of Neonode.

For more information, please contact:

CONTACT:

Investor RelationsDavid BruntonE-mail: david.brunton@neonode.comChief Executive OfficerUrban ForssellE-mail: urban.forssell@neonode.com

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SOURCE Neonode