March 9, 2012 – BUSINESS WIRE — Optical touch technology provider Neonode Inc. (OTCBB:NEON) entered into a multi-year technology license agreement with a leading global office equipment manufacturer. The first product, based on Neonode’s Multi-Sensing touch display solution, will launch by Q3 2012.
The Multi-Sensing technology will improve performance and user interface on low-cost, high-volume entry model office products, replacing low-performance resistive touch technology.
zForce, Neonode’s Multi-Sensing technology, will be integrated with the color LCD panels on a line of office equipment. Neonode has completed the integration of zForce with the first batch of products included in the agreement.
Also read: Neonode licenses optical touchscreen tech to consumer OEM
Neonode will receive an undisclosed license fee for each unit of the products sold that features the Multi-Sensing technology. There is no minimum or maximum total amount of license fees that Neonode can receive as a result of this customer agreement.
Neonode, Inc. (OTCBB: NEON) is a provider of optical touch technologies. For more information, please visit www.neonode.com.
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