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Neonode Inc – Patented zForce touchscreen technology is gaining in the marketplace – NEON

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Neonode Inc (OTC : NEON), the optical touchscreen technology company, today reported financial results for the fourth quarter and year ended December 31, 2011.

Recent Highlights:

  • NEON Total revenues increased 1,279% to $6.1 million in 2011;
  • $1.0 million net operating profit in fourth quarter of 2011;
  • NEON Raised $11.2 million in primary offering, which is net of commissions but before other direct offering costs, that closed on December 13, 2011;
  • NEON signed a technology license agreement in the fourth quarter of 2012 with Sonim Technologies for touch-enabled mobile phones;
  • 16 total license agreements as of March 13 2012 with OEMs producing products such as e-Readers, mobile phones, tablets, office equipment and GPS devices;
  • Five of the Company’s customers are currently shipping products and Neonode anticipates several others will initiate product shipments in 2012;
  • NEON and Texas Instruments unveiled the world’s first ultra-low power single-chip optical touch controller; and
  • Granted U.S. Patent that includes activating a function in response to a touch-and-glide operation on a touch sensitive surface.

“Our results for the fourth quarter and year ended December 31, 2011 reflect the traction that our patented zForce touchscreen technology is gaining in the marketplace. zForce is currently utilized around the world in products produced by Amazon, Barnes & Noble, KOBO, Onyx and Sony. In addition, we have license agreements with11 other OEMs who are planning to use our technology in various products that use LCD, Reflective and OLED screens, including mobile phones, printers, GPS devices, e-Readers and Tablet PCs. We are currently working with OEMs who are in the process of qualifying our technology for use in products such as touch panels for automobiles, household appliances, tablet PCs, mobile phones and games and toys,” said CEO Thomas Eriksson.


“Our zForce technology offers a high level of functionality that is extremely flexible. It is screen agnostic, meaning it can be incorporated into any type underlying display technology such as LCD, Reflective and OLED or even a blank touch pad like a laptop mouse to make a touchscreen device. In addition, compared to competing solutions, zForce technology consumes less power, is able to function in a wider temperature range, requires no screen overlay, and thus offers a much clearer picture, while at the same time combining full finger touch, multi-sensing and high resolution pen support,” said Mr. Eriksson.

Mr. Eriksson continued, “We feel confident in our ability to capitalize on the thriving market for touchscreen enabled devices. We are entering 2012 on solid financial footing and are executing our business model which focuses on the licensing of our intellectual property. Our licensing business provides a great deal of leverage and earning power, as evidenced by the increase in our revenues and net operating profit in the fourth quarter of 2011.”

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Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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