Neonode Signs Distribution Agreement for Airbar™ Devices With Ingram Micro® India

STOCKHOLM, Sweden, Dec. 19, 2016 -- Neonode Inc. (NASDAQ:NEON), the Optical Interactive Sensing Technology Company, has signed a distribution agreement with Ingram Micro India Pvt Ltd 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 laptops running Windows^® 10 and most ChromeOS™ devices as a “Plug and Touch” solution. 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. With Ingram Micro’s unmatched footprint throughout India, Neonode will have access to leading retailers, online stores and resellers in the education and enterprise markets. Furthermore, Ingram Micro’s strong global alliances with major PC brands, including HP^®, Lenovo^®, Dell^®, Asus^® and Acer^®, makes it easier for Ingram Micro channel partners to attach AirBar together with these leading client systems as an offering to meet the customers’ demands.

“We know from our pre-orders on the www.air.bar website that India provides a huge opportunity for AirBar, and we are truly excited to access this market through Ingram Micro India,” said Remo Behdasht, SVP AirBar Devices at Neonode Inc. “The booming Indian economy is the perfect market for AirBar with its large young and tech-savvy middle-class that appreciates great value-adding technology such as AirBar. Ingram Micro, the leading technology distributor in India, will give AirBar entry to all key retail and enterprise channels,” Behdasht added.

“We are greatly looking forward to bringing AirBar to the Indian market. AirBar represents an exciting opportunity to offer our customers something truly innovative and useful,” said Sanjay Achawal, Vice President, Ingram Micro India.

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]

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

About Ingram Micro
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at www.ingrammicro.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. 2016. All rights reserved.