Neonode(R) and Magneti Marelli to Jointly Develop Automotive HMI Solutions

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| Source: Neonode Inc.

SANTA CLARA, Calif., July 23, 2014 (GLOBE NEWSWIRE) -- Neonode Inc. (Nasdaq:NEON), the optical-touch technology licensing company, announced that it has started a collaboration with Magneti Marelli, a global Tier One automotive systems supplier, in the field of Human Machine Interfaces (HMIs) for the automotive sector.

As part of the collaboration, Neonode and Magneti Marelli will jointly develop new innovative solutions for next-generation automotive HMIs. These HMIs will define the methods of interacting with next-generation in-car infotainment and telematics systems, with particular focus on intuitive ease-of-use, high performance, and safety. A key enabler of next generation HMIs is Neonode's optical touch and proximity sensing solutions, which facilitate unsurpassed performance and reliability, amidst the extreme environments automotive electronics are exposed to.

"We are very excited by this landmark partnership, which further validates Neonode's position as a premier touch and sensor supplier to the automotive industry", said Thomas Eriksson, CEO of Neonode.

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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, high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring. Neonode's patented MultiSensing technology is developed into a wide range of devices such as all-in-one PCs, notebooks, monitors, e-readers, printers, white goods, wearables, mobile and PC accessories, 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. zForce AIR is a trademark 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.

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