Daesung Electric is a member of the LS family of companies and is a major worldwide developer and manufacturer of electric and electronic modules, relay and switching devices for the automotive industry.
STOCKHOLM--(BUSINESS WIRE)--Neonode, Inc. (OTCBB:NEON), the Swedish Optical Touchscreen Technology Company, today announced that it signed a technology license agreement with Daesung Electric of South Korea. Daesung Electric is a member of the LS family of companies and is a major worldwide developer and manufacturer of electric and electronic modules, relay and switching devices for the automotive industry.
“Daesung is one of the world’s leading suppliers of electric and electronic components and modules to the automotive industry and we are now working together to provide innovative next generation products for automobiles. This license agreement expands the reach of our zForce technology to a new exciting market”
“Daesung is one of the world’s leading suppliers of electric and electronic components and modules to the automotive industry and we are now working together to provide innovative next generation products for automobiles. This license agreement expands the reach of our zForce technology to a new exciting market,” said Thomas Eriksson, CEO of Neonode Technologies AB.
Neonode offers touch solutions that is many times more cost effective than any other high performance touch solutions in the market today. zForce incorporates all functionality and performance features from traditional touch solutions like resistive and capacitive. zForce supports high resolution pen input, multi-finger touch, gestures like zooming combined with superior picture quality and low power consumption. zForce is currently being integrated into products such as mobile phones, mobile internet devices, e-books, digital picture frames and tablet PC’s.
Please visit our web site at www.neonode.com
About Neonode Technologies AB
Neonode Inc is the leading provider of optical touch screen solutions for hand-held and small to midsize devices. Neonode is offering software licenses and engineering design services that enable companies to make high functionality touch screens at a low cost. zForce is the name of Neonode’s proprietary patented touch screen technology. Neonode Technologies AB, a wholly owned subsidiary of Neonode, Inc., has its base in Stockholm, Sweden. Neonode Inc is listed on the OTCBB under the symbol NEON.OB.
About Daesung Electric
Daesung Electric has been developing and producing parts for automotive electric control devices such as sensors, motors, power electronics and HMI devices since its founding in 1973 as a producer of switches and relays. As a result of our continuous R&D and marketing efforts, Daesung has grown to become South Korea’s number one supplier. We will concentrate on the automotive industry by leveraging synergies with our partners LS and Delphi and we will also offer total solutions by modularizing and diversifying our product lines based on our more than 30 years of experience and know-how. We will redouble our efforts to become a world leader in mechatronics and the electric/electronics parts industries by developing and manufacturing next-generation products which blend high-tech IT and green technologies.
Forward-Looking Statements
This news 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. Neonode and the Neonode logo are registered trademarks of Neonode Inc.
