Neonode, Inc (NASDAQ:NEON) To Showcase “Touch And Proximity”
The $278 million market capped diversified electronics manufacturer Neonode, Inc (NASDAQ:NEON) has seen its market valuation soar by close to 13 percent during trading on 20th February on the back of the news that it would be showcasing its new age, leading technology “Touch and Proximity” sensor products at the sidelines of the “Mobile World Congress 2014” which is scheduled to be held between 24th and 27th February 2014 at Fira Gran Via in Barcelona, Spain. The component manufacturer has made a loud claim that its proprietary “Multisensing” components will disrupt the existing market for these devices due to the extremely competitive pricing for such a niche product.
The conference, which is expected to attract major mobile, tablet manufacturers and OEM suppliers from across the globe, is being used a spring board by Neonode, Inc (NASDAQ:NEON) to launch its new products which are so disruptively priced. It will be flying in a big line up of its top executives and solution partners to this event, where they will get a opportunity to connect with their potential customers and gain solid leads by demonstrating the capabilities of its “Multisensing Touch and Proximity” components.
In a press note released yesterday, Neonode, Inc (NASDAQ:NEON) disclosed that its demonstrations at the conference would cover, “Multi-touch solutions for Windows 8 OS and Chrome OS applications, Touch on any surface for wearable’s and PC accessories, Touch and proximity sensing smartphone case with iOS (iPhone 5) and Android OS software support, Circular touch solutions for wearable devices, smart-watches, home automation applications and automotive controls.”
The demos would also showcase the touch functionality which would hence forth allow users to use the device under water, thus heralding the advent of full waterproof devices. On the back of this news, the stock rallied upwards, helping its share holders enjoy a 28 percent increase in their holdings this past month.