STOCKHOLM, March 9, 2021 /PRNewswire/ -- Neonode Inc.
(NASDAQ: NEON), is pleased to announce that it has signed a
distributor agreement with NEXTY Electronics Corporation to promote
and sell Neonode's contactless sensor products in Japan through NEXTY's extensive sales and
distribution organization.
As a core firm of Toyota Tsusho group in electronics business,
NEXTY Electronics pursues top-class scale business in car
electronics sectors. In addition to distribution services, NEXTY
creates new markets and customer value in many areas including
software/hardware development and design, inspection,
manufacturing, and quality support.
"This agreement with NEXTY Electronics is an important step in
Neonode's strategy to increase product sales and marketing presence
in Japan, following on our
agreements with multiple value-added resellers in Japan announced during the second half of
2020. The Japanese market is critical to Neonode's success and we
are happy to partner with NEXTY to accelerate our business in
Japan. Through this partnership
with one of Japan's largest
electronics companies we significantly increase our footprint and
reach, which will help us drive growth," said Neonode CEO Dr.
Urban Forssell.
For more information, please contact:
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
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/neonode/r/neonode-signs-nexty-electronics-as-distributor-to-japanese-market,c3303036
The following files are available for download:
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https://mb.cision.com/Main/17297/3303036/1384423.pdf
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