Neonode and TNBTECH of South Korea Sign Value-Added Reseller Agreement
On October 28, 2020, Neonode Inc. (NASDAQ: NEON) announced a value-added reseller agreement with TNBTECH Co., Ltd. to enhance the distribution of its sensor products in South Korea.
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
On October 28, 2020, Neonode Inc. (NASDAQ: NEON) announced a value-added reseller agreement with TNBTECH Co., Ltd. to enhance the distribution of its sensor products in South Korea. This partnership aims to leverage TNBTECH's extensive sales network and engineering expertise to expedite the deployment of Neonode's contactless touch technology for various customer projects. Both companies expressed optimism about the collaboration, highlighting TNBTECH's ten-year reputation in IoT innovation and its commitment to delivering innovative solutions to the market.
Positive
- Partnership with TNBTECH will enhance Neonode's market presence in South Korea.
- TNBTECH's established sales network and engineering support may accelerate product deployment.
Negative
- None.
Details
News Market Reaction – NEON
The recorded move for NEON in the trading session of this news was -5.75%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STOCKHOLM , Oct. 28, 2020 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce it has signed a value-added reseller agreement with TNBTECH Co., Ltd., to promote and sell Neonode sensor products in South Korea.
TNBTECH is an experienced semiconductor, module and solutions provider whose mission is to deliver valuable growth to its customers by offering stable and innovative products. TNBTECH has an extensive sales and distribution organization as well as experienced engineers to help and guide customers at every stage, from product design to volume production.
"This agreement with TNBTECH provides a local sales and engineering team to work with customers in the Korean market to achieve rapid deployment of Neonode contactless touch products in customer projects," said Neonode CEO Dr. Urban Forssell.
Mr. Jaesung Park, CEO of TNBTECH, added "Over the past decade, TNBTECH has established its reputation as the full-service partner organizations to turn to for IoT innovation, and more quickly bringing products to market. We look forward to a fruitful partnership with Neonode."
For more information, please contact:
CONTACT:
Investor Relations
David Brunton
E-mail: david.brunton@neonode.com
Tel: +46 (8) 667 1717
Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Neonode and TNBTECH of South Korea Sign Value-Added Reseller Agreement |
View original content:http://www.prnewswire.com/news-releases/neonode-and-tnbtech-of-south-korea-sign-value-added-reseller-agreement-301161970.html
SOURCE Neonode
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.