Neonode, Inc. (NEON.OB), the optical touchscreen technology company, today announces that it signed a technology license agreement with a leading global manufacturer of consumer products. Neonode's zForce® optical touch screen technology will be integrated into a series of consumer products using a color LCD panels. At the customer's request, due to product secrecy issues, the name of the customer and the product category cannot be released at this time.

"With our latest contract with another market leading consumer OEM, we extend the reach of zForce® on to devices using LCD and OLED displays. The customer selected our technology as it reduces their bill of material (BOM) cost and increases the performance of their touch products. We believe that the combination of high function and significantly reduced BOM cost will make this another win-win for us, our customer and the consumer," said Thomas Eriksson, CEO.

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 Amazon, Sony, L&I and Barnes & Noble. Neonode Inc. is traded 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 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 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 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.

For more information, please visit www.neonode.com.

Neonode
Thomas Eriksson, CEO, +46 8 667 17 17
Mobile: +46 708 521 337
thomas.eriksson@neonode.com
David Brunton, CFO, +1-925-768-0620
david.brunton@neonode.com