Neonode Signs Distribution Agreement for AirBar™ Devices With Ingram Micro® U.S.A

STOCKHOLM, Sweden, April 15, 2016 -- Neonode Inc. (NASDAQ:NEON), the Optical Interactive Sensing Technology Company, has signed a distribution agreement with Ingram Micro Inc. (NYSE:IM) for the distribution of AirBar devices.

AirBar brings displays to life, adding touch and gesture sensing to both new and existing PCs. AirBar works with Windows® and ChromeOS™ operating systems as a “Plug and Touch” solution anywhere: simply plug AirBar into the USB port and interact with the display immediately.

Ingram Micro is a Fortune 100 company that delivers a full spectrum of global technology and supply chain services to businesses around the world. The North-American footprint for Ingram Micro is unmatched in channel presence making Ingram Micro the optimum channel for Neonode to reach leading retailers, online stores and resellers in the education and enterprise markets. Furthermore, Ingram Micro’s strong alliances with major PC brands, including HP®, Lenovo®, Dell®, Asus® and Acer®, makes it easier for Ingram Micro channel partners to sell AirBar together with leading notebook offerings to meet the needs of their customers.

“We are working to bring Ingram Micro onboard in several regions globally, and Ingram Micro will play a key role in our go-to-market plans for the United States and Canada. Working closely with Ingram Micro will mean AirBar can reach a wide spectrum of retailers and resellers. It is very exciting to be working with the leading distributor and its channel partners as we expand our AirBar Devices range,” said Remo Behdasht, SVP AirBar Devices at Neonode Inc.

“We bring the widest range of technology products, solutions and services to our channel partners and enable them to deliver an exceptional customer experience,” said Mike Erwin, Senior Director, Commercial Markets Division, Ingram Micro. “We are pleased to add Neonode to our portfolio and look forward to bringing AirBar devices to the market.”

About Neonode
Neonode Inc. (NASDAQ:NEON) develops and licenses optical interactive sensing technologies. Neonode’s patented optical interactive sensing technology is developed for a wide range of devices like automotive systems, printers, PC devices, monitors, mobile phones, tablets and e-readers. NEONODE and the NEONODE logo are trademarks of Neonode Inc. registered in the United States and other countries. AIRBAR is a trademark of Neonode Inc. All other trademarks are the property of their respective owners.

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.

© Copyright Neonode Inc. 2001 - 2016. All rights reserved.

For more information:

AirBar Sales Contact:
[email protected]

AirBar Press Contact:
Oscar Ritzén Praglowski
Email: [email protected]

Investor relations contact:
David Brunton
E-mail: [email protected]