NEON Stock Higher On South Korea Trials

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NEON stock moved higher on September 29, 2021, after the company announced it was selected for trials in South Korea.

Neonode Touch Sensor Modules Selected for Contactless Airport Kiosk Trials by Doostek in South Korea

On September 29, 2021, Neonode Inc. (NASDAQ: NEON) announced that TNB Tech, a Neonode value-added reseller, has been selected by Doostek for contactless self check-in kiosk trials at a major Korean airport featuring Neonode contactless touch technology.

In 2020, Doostek, a Korean contactless solution provider, started evaluation of Neonode touch sensor modules and, following a successful testing period, Doostek decided to develop a contactless kiosk solution for airport self check-in. This contactless retrofit solution, called Touch Catch, has been installed on several self check-in kiosks at a major Korean airport. The field trial was started in May 2021 and is still ongoing with Doostek and the airport currently monitoring user experience and response from passengers.

“The interactive kiosk segment is important to Neonode’s contactless business and I am delighted having a new customer in Doostek with a capable solution that is now making its way into the Korean airport kiosks,” said Urban Forssell, CEO of Neonode.

Daniel Kim, CEO of Doostek, said: “I am proud of Touch Catch and the self check-in airport installation. Thanks to Neonode’s contactless touch technology, we will contribute to a virus free travel and I am looking forward to expanding Doostek through product adoption at many Korean airports.”

Neonode Partners with MZ Technologie to Jointly Address Contactless Kiosk and Elevator Control Markets in France

On September 24, 2021, Neonode Inc. (NASDAQ: NEON) announced that it has signed a value-added reseller agreement with MZ Technologie to design, promote and sell contactless touch products and solutions featuring Neonode contactless technology.

MZ Technologie, an expert in holographic screens and contactless solution provider in France, develops solutions for interactive kiosks and elevators. MZ Technologie works with a global customer base and plans to launch a number of innovative contactless solutions powered by Neonode during the coming months.

“We are impressed by MZ Technologie’s achievements so far and believe their strong position and customer base will be key to our success in France,” said Urban Forssell, CEO of Neonode

Marc Zerad, CEO of MZ Technologie, said: “We are happy to partner with Neonode to realize the full potential of the contactless touch market in France for now, and are keen to accelerate adoption in interactive kiosks and elevators, by working closely with the Neonode team.”

Neonode-Powered Smart Luggage Carrier by Shanghai Yihang Internet Technology Deployed at Beijing Daxing International Airport

On September 20, 2021, Neonode Inc. (NASDAQ: NEON) announced that Shanghai Yihang Internet Technology (“SYIT”), a Neonode customer in China, has been selected by Beijing Daxing International Airport to deploy their smart luggage carrier featuring Neonode touch sensor modules.

The smart airport trolley developed by SYIT, called uGO, is a portable luggage carrier that is equipped with a touchscreen display to guide, inform, and entertain passengers with real-time departure and airport information in their native language. The uGO trolley is made for demanding public environments where durability, image quality and power consumption are key. The responsive touch screen display unit is powered by Neonode touch sensor modules. In August 2021, uGO started to be deployed at Beijing Daxing International Airport and the rollout will continue at other Chinese airports during Q4, 2021.

“I am happy to have SYIT as a customer and look forward to the market adoption of their competitive product offering as a great addition to our already strong presence of contactless touch solutions in the airport domain,” said Urban Forssell, CEO of Neonode

Tyler Jin, CEO of SYIT, said: “We are impressed by the versatility and performance of the Neonode products and found it a perfect fit for the uGO airport trolleys. We are now eager to accelerate the rollout at airports.”

NEON Stock Technical Analysis

NEON stock has beautiful rising large players volume and a climbing Twiggs Money Flow. However, the stock has had too large of a move higher to offer a high quality setup at the moment. It is better to wait for a consolidation or retracement before entering. Don’t chase it; Fibonacci retrace it.

Neon Stock Chart
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