Neonode and Finetek Sign Value-Added Reseller Agreement

Rhea-AI Summary

Neonode (NASDAQ: NEON) has announced a value-added reseller agreement with Finetek to promote and sell its sensor products in South Korea. This collaboration aims to enhance contactless touch technology in sectors like elevators and interactive kiosks, building on their prior relationship. Urban Forssell, CEO of Neonode, expressed enthusiasm for the expanded partnership, while Finetek's CEO highlighted the growing customer interest in contactless display solutions.

Positive

• New reseller agreement with Finetek could boost sales in South Korea.
• Focus on contactless touch technology aligns with market demand.

Negative

• None.

STOCKHOLM, Sweden, Nov. 5, 2020 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce it has signed a value-added reseller agreement with Finetek, a global leader in the small and medium display market, to promote and sell Neonode sensor products in South Korea.

"This agreement expands our earlier relationship with Finetek, to address contactless touch opportunities in elevators and interactive kiosks. I am pleased to deepen our cooperation with Finetek," said Urban Forssell, CEO at Neonode.

Finetek CEO Kang Won-Il, said: "Finetek is a leading provider of display solutions ranging from high-tech display production equipment to electronics manufacturing services. This expansion of our Neonode product offering addresses key market verticals for contactless touch displays where we see heightened interest from customers."

For more information, please contact:

Investor Relations
David Brunton
E-mail: david.brunton@neonode.com
Phone: +1 925 768 0620 

Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com 

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SOURCE Neonode

FAQ

What is Neonode's recent partnership announcement?

Neonode announced a value-added reseller agreement with Finetek to promote its sensor products in South Korea.

When was Neonode's agreement with Finetek announced?

The agreement was announced on November 5, 2020.

How might the new agreement affect Neonode's business?

The agreement may enhance Neonode's presence in the South Korean market and boost sales of contactless touch solutions.

What products will Finetek sell under the new agreement with Neonode?

Finetek will promote and sell Neonode's sensor products for contactless touch technology.

What market sectors does the Neonode-Finetek agreement target?

The agreement focuses on the contactless touch opportunities in elevators and interactive kiosks.