STOCKHOLM, Sweden, and NEW YORK, Jan. 8 /PRNewswire/ -- Neonode
(Nasdaq: NEON), the Swedish mobile communication brand that designs and
develops intuitive technologies and products, today announced that it has
joined with U.S. sales channel development and supply chain company,
Distribution Management Consolidators Worldwide LLC (DMC), to form Neonode
USA. The new entity will market existing and new innovative products within
North America, Latin America and China, and will commercially market the
Neonode technology globally.
DMC leverages more than 40 years of experience managing all aspects of
a brand development and sales channel program for international
manufacturers looking to break into the Chinese, North and Latin American
markets. The company works closely with its partners to ensure that
products are a cultural fit, seamlessly manages the entire supply chain,
and can provide sufficient financing to ensure a rapid market penetration.
The whole experience reduces capital expenses and increases the speed to
market for new consumer products.
Neonode N2 is a technologically advanced multimedia mobile phone
incorporating the proprietary "zForce" optical touch screen technology and
the "neno" user interface. When launched by Neonode USA, these proprietary
technologies will be marketed exclusively by Neonode USA around the globe
to widen the distribution of Neonode's intuitive solutions.
"Neonode USA will leverage the groundbreaking technologies developed by
Neonode, while utilizing DMC's marketing and brand building experience,
distribution channel relationships and supply chain management expertise.
Collectively we expect this partnership will bring Neonode N2, and a number
of other Neonode products, to the market efficiently and effectively," said
Mikael Hagman, CEO and President of Neonode Inc.
Neonode USA will market existing Neonode products and its intellectual
property, and will develop new products that incorporate the power of
"zForce" and "neno."
"We have seen the critical acclaim the Neonode N2 has received in
Europe, and believe there is a great demand for this multimedia mobile
handset in North America, China and Latin America. Neonode has introduced
technologies that have the power to change the nature of more than just the
mobile phone industry, and can be embedded into a wide-range of desirable
consumer products. DMC will fully leverage Neonode's valuable resources in
order to maximize the opportunities to market these uniquely intuitive
technologies across many product categories and business sectors," said
Andrew Lowinger, President and CEO of DMC.
Neonode and Neonode N2 made its United States debut at this year's
Consumer Electronics Show (CES) in the Central Hall 9817. Neonode USA's
main office will be located in New York.
For more information about Neonode, see http://www.neonode.com.
For press enquiries:
Karin Lehmann, Lewis Goldberg Jesse Parker Stowell
Information Manager
Neonode Inc. DMC Worldwide LLC Neonode USA
Tel: +46 70 825 4091 Tel +1 973-997-0232 Tel: +1 917-312-0694
About Neonode
Neonode designs and develops intuitive technologies and products. The
company's focus is on solutions that increase the user experience of
complex or monotonous devices. With offices in Stockholm, Sweden, San
Ramon, USA, Shanghai and Hong Kong, China, Neonode Inc. is a publicly
traded company (Nasdaq: NEON) with licenses and products sold worldwide
through both direct web sales and local distribution partners. For more
information, see http://www.neonode.com.
About Distribution Management Consolidators LLC
DMC is an integrated sales channel development and supply chain
management company that delivers innovative end-to-end business solutions
to its clients. Our expertise helps best-in-class and emerging companies
become powerful competitors in the global marketplace. DMC provides today's
manufacturers with a deeper level of sales channel development and supply
chain management. The company's over 40 years of experience in sales,
marketing, manufacturing and brand development delivers clients the highest
level of immediate access to processes and long standing relationships -
yielding increased profitability and decreased risk. http://www.DMCllc.net
Forward-Looking Statements
This news release contains certain forward-looking statements that
involve risks and uncertainties, including statements regarding future
products and technology developments. Such statements are only predictions
and the company's actual results may differ materially from those
anticipated in these forward-looking statements. Factors that may cause
such differences include, but are not limited to, the ability of Neonode to
develop and sell new products and technologies. These factors and others
are more fully discussed in the documents the company files from time to
time with the Securities and Exchange Commission, particularly, the
company's most recent Form 10-K and Form 10-Q. Neonode and the Neonode logo
are registered trademarks of Neonode Inc. All other brand or product names
are trademarks or registered.
SOURCE Distribution Management Consolidators LLC
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Related links:
http://www.DMCllc.net
http://www.neonode.com
CONTACT:
Karin Lehmann, Information Manager of Neonode
Inc., +46-70-825-4091; or Lewis Goldberg of DMC Worldwide LLC,
+1-973-997-0232; or Jesse Parker Stowell of Neonode USA,
+1-917-312-0694
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