Neonode and Sonim Sign License Agreement for Touch-Enabled Mobile Phones

SANTA CLARA, Calif.--(BUSINESS WIRE)--Neonode Inc. (OTCBB:NEON), the optical touch screen technology company, and Sonim Technologies, the makers of the world’s toughest, ultra-rugged mobile phones, today announced the signing of a worldwide technology license agreement based on Neonode’s patented zForce^® optical touch screen technology.

“Neonode’s proven zForce® technology, combined with Sonim’s expertise in ultra-rugged engineering, will form a perfect solution for touch enabling our line of mobile products”

Under the terms of the royalty-based agreement, Sonim will integrate zForce^® into certain of its mobile phone products for the global marketplace.

"This is an important milestone for Neonode as we now enter the mobile phone market with our technology. We are very excited to deliver zForce^® to a company with such stringent requirements as Sonim Technologies," said Thomas Ericsson, CEO of Neonode.

"Neonode’s proven zForce^® technology, combined with Sonim’s expertise in ultra-rugged engineering, will form a perfect solution for touch enabling our line of mobile products," said Bob Plaschke, CEO of Sonim Technologies.

About Neonode

Neonode is the provider of optical touch screen solutions for hand-held and small to midsize devices. Neonode offers software licenses and engineering design services that enable companies to make high functionality touch screens at low cost. Neonode's customers include Sony, L&I and Barnes & Noble. Neonode Inc. is traded on the OTCBB under the symbol NEON.OB. Neonode is a trademark and zForce^® is a registered trademark of Neonode Inc.

About zForce^®

Neonode’s patented touch screen solution for portable devices, zForce^®, is many times more cost effective than any other high performance touch screen technology in the market today. zForce^® supports high resolution pen writing in combination with finger navigation and provides a 100% clear viewing experience. zForce^® is a leading touch screen technology that operates on the new revolutionary reflective display panels and is currently being integrated into a variety of mobile phones, e-Readers, printer products, automotive applications and tablet devices.

Forward-Looking Statements

This press release contains certain forward-looking statements that involve risks and uncertainties, including statements regarding future products and technology developments. Such statements are only predictions and the company's actual results may differ materially from those anticipated in these forward-looking statements. Factors that may cause such differences include, but are not limited to, the ability of Neonode to develop and sell new products and technologies. These factors and others are more fully discussed in the documents the company files from time to time with the Securities and Exchange Commission, particularly, the company's most recent Form 10-K and Form 10-Q.