NEXTY Electronics Selects Neonode’s Contact Sensor Module Know-how for the Japanese Amusement Market By Investing.com

STOCKHOLM, Sept. 25, 2024 /PRNewswire/ — Neonode Inc . (NASDAQ: NASDAQ:) (“Neonode“) is happy to announce a brand new license settlement for an evolution of its licensable Contact Sensor Module (“TSM”) expertise. NEXTY Electronics Company (“NEXTY Electronics“), an electronics buying and selling firm of the Toyota (NYSE:) Tsusho Group, has chosen Neonode’s TSM expertise for sensor growth and manufacturing of the next-generation amusement machines for a number one producer in Japan’s amusement market. The settlement contains an upfront expertise entry charge and future royalties and is estimated to have a worth of US$2“3 million over the subsequent 4 to 5 years.

NEXTY Electronics selected to license Neonode’s newest TSM providing, based totally on surface-mount expertise (“SMT”), which allows contact interactivity on bigger shows, surfaces and projected planes at a decrease price than different options. Simply built-in utilizing a single-sided TSM sensor, Neonode’s contact interplay expertise delivers distinctive efficiency and worth to any touch-operated utility. NEXTY Electronics will manufacture the TSMs in Japan for supply to corporations within the Japanese amusement market in addition to in different markets that want top quality, cost-effective contact performance on giant shows and surfaces.

“After intensive analysis, now we have discovered Neonode’s SMT-based TSM to be a great fit for the Japanese amusement market, enhancing operational performance without compromising the beauty of the content displayed on the screen. We have worked closely and productively with Neonode for years and look forward to strengthening our partnership further with this license agreement,” mentioned Mikio Takano, NEXTY Electronics’ Government Officer.

“We’re excited to deepen our relationship with NEXTY Electronics, a trusted, value-added reseller of Neonode’s products, as we continue our transformation into a company that is fully focused on technology licensing. NEXTY Electronics is intimately familiar with our products from its time as a TSM reseller, and its decision to license and manufacture our TSM technology is a vote of confidence for our licensing-focused business strategy and innovative licensable technologies,” mentioned Fredrik Nihlén, Neonode’s interim President and Chief Government Officer and Chief Monetary Officer.

For extra info, please contact:
Interim President and Chief Government Officer and Chief Monetary Officer
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Telephone: +46 703 97 21 09

Vice President Advertising and marketing & Gross salesJohan SwartzE-mail: johan.swartz@neonode.com
Telephone: +46 707 64 35 44

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