Neonode(R) Hires Hewlett-Packard Veteran to Spearhead Emerging PC Unit

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| Source: Neonode Inc.

SANTA CLARA, Calif., Feb. 26, 2014 (GLOBE NEWSWIRE) -- Neonode Inc., (Nasdaq:NEON), the optical touch technology company, today announced that it has hired Clarence King as the Director for the Company's rapidly-emerging PC business.

Mr. King has 33 years of experience at Hewlett Packard (NYSE:HPQ), where he was a senior engineer and program manager in HP's printer, optical imaging, and consumer electronics businesses. Most recently, Mr. King was the Senior PM of Hewlett-Packard's Control Panel unit, which was responsible for integrating human interface solutions into HP's market-leading inkjet printers.

In addition, Mr. King possesses a BSEE from Cal-Polytechnic, an MS in Computer Engineering from San Diego State, and an MS in Technical Japanese from University of Wisconsin.

In his new role, Mr. King will be overseeing Neonode's technical involvement and relations with all PC customers. This includes OEMs and ODMs in the notebook (Microsoft Windows and Google Chrome), desktop (Windows and Chrome), and large-screen monitor end markets.

"We are thrilled to gain a program manager of Clarence's experience and skill-set, who will orchestrate and manage Neonode's emerging relationships with Tier One PC OEMs," said Neonode CEO Thomas Eriksson. "His multifaceted supply chain and vendor management skills, along with his multilingual communication talents, will be a game-changing asset for Neonode."

About Neonode

Neonode Inc. (Nasdaq:NEON) develops and licenses the next generation of Multisensing touch technologies, allowing companies to differentiate themselves by making high performing touch and proximity solutions at a competitive cost. Neonode is at the forefront of providing unparalleled user experiences that offer significant advantages for OEM's. This includes state-of-the-art touch and proximity technology features such as low latency pen or brush sensing, remarkably high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring.

Neonode's patented Multisensing technology is developed to support IOT (Internet of Things) applications for a wide range of devices such as mobile phones, tablets and e-readers, toys and gaming consoles, printers, white goods, wearable goods and advanced automotive infotainment systems. Neonode, the Neonode logo, Multisensing, and zForce are trademarks of Neonode Inc. registered in the United States and other countries. Liquid Sensing, It Makes Sense and AlwaysON are trademarks of Neonode Inc. For more information please visit www.neonode.com.

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.

Neonode only releases news of new customer agreements and design wins that are considered to be potentially material. Although every reasonable effort is made to present current and accurate information, Neonode makes no guarantees of any kind. Even if the customer or partner always has the intention to actually launch a commercial product or product line in high volume, there is no guarantee that this will be the case. Besides the touch solution, a commercial product involves many other components and systems that effects the customer's development process.

Investor Relations Neonode:
Daniel Gelbtuch
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