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.
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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
CONTACT: Goldman Small Cap Research Rob Goldman, Analyst 410-609-7100 firstname.lastname@example.org