Neonode Announces A New License Agreement For An Evolution Of Its Licensable Touch Sensor Module Technology; NEXTY Electronics Corp Has Selected Neonode's TSM Technology For Sensor Development And Manufacturing Of Amusement Machines For A Leading Manufacturer In Japan's Amusement Market; Estimated To Have A Value Of $2M–$3M Over The Next 4 To 5 Years
Portfolio Pulse from Benzinga Newsdesk
Neonode Inc. has announced a new license agreement with NEXTY Electronics for its Touch Sensor Module technology, estimated to be worth $2-3 million over 4-5 years. This technology will be used in next-generation amusement machines in Japan.
September 25, 2024 | 1:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Neonode Inc. has entered a new licensing agreement with NEXTY Electronics for its Touch Sensor Module technology, expected to generate $2-3 million over the next 4-5 years. This deal could enhance Neonode's revenue and market presence in Japan's amusement sector.
The agreement with NEXTY Electronics is a significant development for Neonode, as it opens up a new revenue stream and strengthens its presence in the Japanese market. The estimated value of $2-3 million over several years indicates a positive financial impact, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90