updated 9/3/2010 5:45:31 AM ET 2010-09-03T09:45:31

BALTIMORE, Sept. 2, 2010 (GLOBE NEWSWIRE) -- Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has issued a research update on Neonode, Inc. (OTCBB:NEON), the leading provider of optical touch screen solutions for hand-held and small to midsize devices.

With superior patent-protected technology, Neonode is the low-cost, high-performance small – medium sized touch screen solutions provider. The proliferation and mass market acceptance of touch screens have prompted new applications and uses for existing and new offerings, thus making the production and utilization of these modules one of the fastest growing tech segments. Drivers of the multi-billion dollar touch screen market include mobile phones, laptops, tablet PCs, e-book readers, navigation screens, etc.

In the Goldman Opportunity Research report on the Company, analyst Rob Goldman believes that the recent milestone events such as the Sony contract will serve as catalysts for the Company's shares.

"Neonode is a great inexpensive way to play the explosive growth of the touch screen market. The Company's zForce touch screen technology has tremendous advantages over the competition and the Company has amassed one of the largest patent and intellectual property rights portfolios in the space. The high profile Sony win announced yesterday is a great validation and signature event for the Company. We believe that the leverage of this win, along with its strong pipeline, should enable Neonode to garner significant market share growth over the next 12-18 months," Goldman commented.

To view a summary of the report or download the report in its entirety, please visit www.goldmanresearch.com.

About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap stock market research reports and weekly newsletters. For more information, please visit www.goldmanresearch.com.

A Goldman Small Cap Research report is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read the report's full disclosures and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer. To download our research or for more information and disclosures, visit www.goldmanresearch.com .

About Neonode, Inc.: Neonode Inc. (OTCBB:NEON) is the leading provider of optical touch screen solutions for hand-held and small to midsize devices. Neonode licenses proprietary hardware design and software, and provides related engineering design services to OEMs, and third-party manufacturers, that enable companies to produce high functionality touch screens at a low cost. Neonode Technologies AB, is a wholly owned subsidiary of Neonode, Inc., which is based in Stockholm, Sweden.

For more information, visit www.neonode.com

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