Neonode Signs Distribution Agreement for AirBar™ Devices With Ingram Micro® Asia

STOCKHOLM, Sweden, July 01, 2016 (GLOBE NEWSWIRE) — Neonode Inc. (NASDAQ:NEON), the Optical Interactive Sensing Technology Company, has signed a distribution agreement with Ingram Micro Asia 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 agreement covers a territory of 12 countries including Singapore, Malaysia, Korea, Japan, Hong Kong, the Philippines, Cambodia, Vietnam, Myanmar, Taiwan, Thailand and Indonesia. With Ingram Micro’s unmatched footprint throughout Asia, 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.

“Ingram Micro Asia plays a key part in our global expansion plans. Dealing with the leading global technology distributor means Neonode can focus on running a streamlined business, yet have access to numerous markets that have been demanding AirBar,” said Remo Behdasht, SVP AirBar Devices at Neonode Inc. “Ingram Micro’s enthusiasm and cooperation in bringing AirBar to Asia further solidifies our global relationship setting the stage for many more products to come under the AirBar brand.”

“We are pleased to expand our portfolio of options and accessories offerings with the addition of AirBar which complements our wide range of client systems,” said Francis Choo, ASEAN & HK Vice President, Ingram Micro.

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. 2001 – 2016. All rights reserved.

For more information:
AirBar Sales Contact:
hello@air.bar
AirBar Press Contact:
Oscar Ritzén Praglowski
Email: oscar.praglowski@neonode.com
Investors relations contact:
David Brunton
E-mail: david.brunton@neonode.com