Thomas Eriksson to Resign as CEO of Neonode Board Member Andreas Bunge to Serve as Interim CEO

Neonode Inc. (NASDAQ: NEON), the optical interactive sensing technology company, today announced that Thomas Eriksson, CEO and co-founder of Neonode, will step down from his position as CEO at the end of this year for other roles in Neonode. He will remain on the Board of Directors.

Andreas Bunge, a recent investor in Neonode and member of the Board of Directors, will serve as interim CEO from January 1, 2018 until a new CEO is in place. Andreas Bunge previously has been CEO of various companies including Spago Nanomedical AB (formerly Spago Imaging AB), Accelerator Nordic AB, and Applied Sensor AB/ Nordic Sensor Technologies AB.

“Neonode is now entering a new phase in its development, and I am excited about the possibilities and the growing addressable market for our Multisensing technology,” said Thomas Eriksson. “I believe our company is well positioned to capitalize on recent strategic investments. With our new line of sensor components, we have created a platform to scale Neonode’s business into new applications and markets.”

“I am an entrepreneur by heart,” continued Thomas Eriksson. “I will continue to work with Neonode and, together with Andreas, participate in R&D, innovation, and business development with our key customers.”

“The Board of Directors respects Thomas’ decision and we know he will continue to contribute in a meaningful way to Neonode’s future,” said Ulf Rosberg, Chairman of the Board of Directors. “Thomas has been instrumental in the development of Neonode’s leading technology over the last 6 years while serving as CEO. We remain focused on finalizing key customer agreements in selected market segments, improving our internal processes, and building a solid operation geared for profitable growth.”

About Neonode

Neonode Inc. (NASDAQ:NEON) develops and licenses optical interactive sensing technologies. Neonode’s patented optical interactive sensing technology is developed for a wide range of devices like automotive systems, printers, PC devices, monitors, mobile phones, tablets and e-readers. NEONODE and the NEONODE Logo are trademarks of Neonode Inc. registered in the United States and other countries. AIRBAR is a trademark of Neonode Inc. All other trademarks are the property of their respective owners.

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