Neonode to focus on licensing business

Neonode announced a new, sharpened strategy with full focus on its licensing business. Consequently, Neonode will phase out its Touch Sensor Module – TSM – product business through licensing of the TSM technology to strategic partners or outsourcing. The focus will be on licensing of the advanced MultiSensing platform for driver and in-cabin monitoring and the proven optical sensing technology zForce, including TSM technology, which supports touch, gesture sensing, as well as object detection features. Neonode will focus all its efforts and resources on licensing by reallocating marketing, sales, and engineering resources from the product team to the licensing team and by external recruitments. The new strategy will lead to some reductions in the workforce, which mainly will affect consultants and personnel in Sweden and involves customary union negotiations.