Neonode and EIL Join Forces to Address Contactless Touch Market in China
Neonode Inc. (NASDAQ: NEON) has signed a value-added reseller agreement with EIL Company Ltd. to promote and sell contactless touch solutions in China and Hong Kong.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Neonode Inc. (NASDAQ: NEON) has signed a value-added reseller agreement with EIL Company Ltd. to promote and sell contactless touch solutions in China and Hong Kong. CEO Urban Forssell expressed enthusiasm for expanding their footprint in the Chinese market, citing EIL's expertise as a significant asset. EIL's CEO Ronnie Kong praised Neonode's technology and anticipated a mutually beneficial partnership. This collaboration aims to enhance Neonode's business presence in a growing market.
Positive
- Signing of a value-added reseller agreement with EIL Company Ltd. to expand market presence in China and Hong Kong.
- Potential for growth in the contactless technology market through collaboration with EIL, which possesses experience and capabilities.
Negative
- None.
Details
News Market Reaction – NEON
The recorded move for NEON in the trading session of this news was -4.70%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STOCKHOLM, Oct. 13, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that it has signed a value-added reseller agreement with EIL Company Ltd. to design, promote and sell contactless touch products and solutions featuring Neonode contactless technology in China and Hong Kong.
"We are excited to work with EIL and increase our footprint in China. EIL is an experienced and capable company and we see a great potential to grow our contactless business in China together with them," said Urban Forssell, CEO of Neonode
Ronnie Kong, CEO of EIL, said: "We are impressed with the performance and versatility of Neonode's contactless technology, and we look forward to better solving our customers' challenges and a pure win-win collaboration."
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
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Neonode and EIL Join Forces to Address Contactless Touch Market in China |
View original content:https://www.prnewswire.com/news-releases/neonode-and-eil-join-forces-to-address-contactless-touch-market-in-china-301399362.html
SOURCE Neonode
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