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Neonode and TNBTECH of South Korea Sign Value-Added Reseller Agreement

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On October 28, 2020, Neonode Inc. (NASDAQ: NEON) announced a value-added reseller agreement with TNBTECH Co., Ltd. to enhance the distribution of its sensor products in South Korea. This partnership aims to leverage TNBTECH's extensive sales network and engineering expertise to expedite the deployment of Neonode's contactless touch technology for various customer projects. Both companies expressed optimism about the collaboration, highlighting TNBTECH's ten-year reputation in IoT innovation and its commitment to delivering innovative solutions to the market.

Positive
  • Partnership with TNBTECH will enhance Neonode's market presence in South Korea.
  • TNBTECH's established sales network and engineering support may accelerate product deployment.
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  • None.

STOCKHOLM , Oct. 28, 2020 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce it has signed a value-added reseller agreement with TNBTECH Co., Ltd., to promote and sell Neonode sensor products in South Korea.

TNBTECH is an experienced semiconductor, module and solutions provider whose mission is to deliver valuable growth to its customers by offering stable and innovative products. TNBTECH has an extensive sales and distribution organization as well as experienced engineers to help and guide customers at every stage, from product design to volume production.

"This agreement with TNBTECH provides a local sales and engineering team to work with customers in the Korean market to achieve rapid deployment of Neonode contactless touch products in customer projects," said Neonode CEO Dr. Urban Forssell.

Mr. Jaesung Park, CEO of TNBTECH, added "Over the past decade, TNBTECH has established its reputation as the full-service partner organizations to turn to for IoT innovation, and more quickly bringing products to market. We look forward to a fruitful partnership with Neonode."

For more information, please contact:

CONTACT:

Investor Relations
David Brunton
E-mail: david.brunton@neonode.com 
Tel: +46 (8) 667 1717
 
Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com 

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Neonode and TNBTECH of South Korea Sign Value-Added Reseller Agreement

 

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SOURCE Neonode

FAQ

What is the recent agreement announced by Neonode (NEON)?

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

How will the partnership with TNBTECH benefit Neonode (NEON)?

The partnership is expected to leverage TNBTECH's sales network and engineering expertise to expedite product deployments.

When was the agreement between Neonode and TNBTECH announced?

The agreement was announced on October 28, 2020.

Who is TNBTECH in relation to the Neonode (NEON) partnership?

TNBTECH is a semiconductor and solutions provider that will help distribute Neonode's sensor products in South Korea.

Neonode Inc.

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