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Tech Stock News: Neonode (NASDAQ: NEON) and Japan Aerospace Sign Value-Added Reseller Agreement

Japan Aerospace currently engaged in contactless self check-in and self-service bag drop trials with Japan Airlines (JAL)

 

STOCKHOLM, SWEDEN - October 26, 2020 (Investorideas.com Newswire) Neonode Inc. (NASDAQ: NEON) and Japan Aerospace Corp. have signed a value-added reseller agreement whereby Japan Aerospace will develop contactless self-service kiosks with Neonode's touch sensor modules to customers in Japan. Japan Aerospace has already created contactless self check-in and self-service bag drop terminals for Japan Airlines (JAL). These contactless terminals have been undergoing trials at Tokyo's Haneda airport during October.

"Japan Aerospace has a history of more than 60 years delivering premium, unique services to the Japanese aerospace market. As Japan Aerospace expands its offering of new value-added engineering and technical services, we think they are an excellent partner," said Dr. Urban Forssell, CEO of Neonode. "We are excited to work with the Japan Aerospace team and customers in Japan to offer superior contactless solutions into many new applications."

Hiroshi Kuramae, President & CEO of Japan Aerospace Corp., added, "Our corporate mission is to provide qualified and unique services that enhance safety, comfort and affordability in social infrastructure and Japanese skies. We believe Neonode's unique technology is the right choice for us to enable contactless solutions in response to customer needs."

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

About Japan Aerospace Corporation

Japan Aerospace Corp. (JAC) headquartered in Tokyo, Japan, is involved in several business applications, divided into four fields: Advanced Technology Business Division, Solution Systems Division, Aerospace Systems Division, and Aircraft Division. For more information please see https://www.j-aero.co.jp/en/index.php

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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