Shareholders of industrial touchscreen maker Neonode, Inc (OTC:NEON) have had a memorable April… Shares were trading at $2.95 on April 12 and are currently trading in the $5.11 range; a gain of 73.2% in 13 calendar days: Some very happy stockholders here.
And the jump in share valuation came on legitimate, official news: no short sellers driving the price or rumors on message boards.
On April 19 NEON management said in the first quarter of 2012, it achieved a series of design wins in multiple strategic markets, including smartphones, high-interactive tablets, interactive toys, displays for office equipment and consoles for the automotive industry.
All in all, Neonode accumulated a total of 17 new design wins in the first quarter of 2012 where the Company integrates its hardware-independent touch technology into existing or new product categories for their customers.
On April 25 NEON announced that its patented zForce technology will be incorporated in a new six-inch platform currently under development by Netronix, a Taiwanese-based manufacturer of network products and e-readers.
And then on April 26 NEON management announced that its application to list the Company's common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on NASDAQ is expected to commence at 9:30 a.m. ET on May 1, 2012 under the ticker symbol "NEON".
That means a lot more eyes on the Company and new shareholders buying in.
Neonode makes and sells optical touchscreen solutions for handheld and small to midsized consumer and industrial electronic devices. The Company’s optical infrared touchscreen technology includes zForce which consumes less power, is able to function in a wide temperature range, requires no screen overlay, and offers a clearer picture.
Neno is the Company’s software-based user interface. The Company provides touch screen solutions for navigation for many of the world’s eReader OEMs. The zForce supports high resolution pen writing in combination with finger navigation, including: sweeps, gestures and multi-touches.
I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.