Neonode Awarded By Leading Commercial Vehicle OEM To Supply MultiSensing Driver Monitoring System Software; Receive sLicensing Revenues From 2025 When First Vehicles Reach Market; Generate Non-Recurring Engineering Revenues
Portfolio Pulse from Benzinga Newsdesk
Neonode Inc. has been awarded a contract by a leading commercial vehicle OEM to supply its MultiSensing Driver Monitoring System software. The company will receive licensing revenues starting in 2025 when the first vehicles equipped with their software reach the market. Additionally, Neonode will generate non-recurring engineering revenues.

December 06, 2023 | 2:26 pm
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Neonode Inc. has secured a contract to provide its MultiSensing Driver Monitoring System software to a major commercial vehicle OEM, with expected licensing revenues from 2025 and additional non-recurring engineering revenues.
The contract award from a leading OEM is a significant positive development for Neonode, indicating a strong vote of confidence in its technology and potential for future revenue growth. The news is likely to be viewed positively by investors, as it not only promises future licensing revenues but also immediate non-recurring engineering revenues. This could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100