What changed in this filing

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Item 1. Business

2025-03-21 compared with 2024-02-28 · 199 added, 274 removed, 15 unchanged (97% of the section changed)

Our company provides advanced optical sensing solutions

for touch, contactless touch, and gesture sensing.

We also provide software solutions for machine perception that feature advanced machine

learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers.

We base our touch,

contactless touch, and gesture sensing products and solutions using our zForce technology platform and our machine perception solutions

on our MultiSensing technology platform.

zForce (zero force) is the name for our patented optical sensing technology built on infrared

light, invisible to the human eye.

Our MultiSensing platform was designed to provide advanced, safe, and scalable software solutions

to provide situational context.

We market and sell our solutions to customers in many different markets and segments including, but not

limited to, office equipment, automotive, industrial automation, medical, military and avionics.

In 2010, we began licensing to Original Equipment

Manufacturers (“OEMs”) and automotive Tier 1 suppliers who embed our technology into products they develop, manufacture, and

Since 2010, our licensing customers have sold approximately 95 million products that feature our technology.

In October 2017, we

augmented our licensing business and began manufacturing and shipping touch sensor modules (“TSMs”) that incorporate our patented

We sell these TSMs to OEMs, Original Design Manufacturers (“ODMs”), and systems integrators for use in their products.

As of December 31, 2023, we had nine agreements

with value added resellers (“VARs”) for integration of our TSMs in the products they offer to global OEMs, ODMs and systems

In addition to this, we distribute our TSMs through Digi-Key Corporation, Serial Microelectronics HK Ltd., and Nexty Electronics

During 2023, we continued to focus our efforts on

maintaining our current licensing customers and achieving design wins for new programs both with current and future customers.

we continued to market and sell TSMs directly and indirectly through partners.

We made investments enhancing the design and improving

the production yield of our TSMs in our production unit Pronode Technologies AB and improving the related firmware and configuration tools

software platforms.

On December 12, 2023, we announced a new, sharpened

strategy with full focus on the licensing business.

Consequently, we will phase out the TSM product business during 2024 through licensing

of the TSM technology to strategic partners or outsourcing.

We license our zForce technology to OEMs and automotive

Tier 1 suppliers who embed our technology into products that they develop, manufacture and sell.

Since 2010, our licensing customers have

sold approximately 95 million devices that use our patented technology.

As of December 31, 2023, we had 34 valid technology

license agreements with global OEMs, ODMs and automotive Tier 1 suppliers.

Our licensing customer base is primarily in the

automotive and printer segments.

Ten of our licensing customers are currently shipping products that embed our technology.

We anticipate

current customers will continue to ship products with our technology in 2024 and in future years.

We also expect to expand our customer

base with a number of new customers who will be looking to ship new products incorporating our zForce and MultiSensing technologies as

they complete final product development and release cycles.

We typically earn our license fees on a per unit basis when our customers

ship products using our technology, but in the future we may use other business models as well.

Product Sales

In addition to our licensing business, we design

and manufacture TSMs that incorporate our patented technology.

We sell our TSMs to OEMs, ODMs and systems integrators for use in their

We utilize a robotic manufacturing process designed

specifically for our TSMs.

The TSMs are commercial-off-the-shelf products based on our patent-protected zForce technology platform and

can support the development of contactless touch, touch, gesture and object sensing solutions that, paired with our technology licensing

offering, give us a full range of options to enter and compete in key markets.

We began selling our TSMs to customers in the industrial

and consumer electronics segments in 2017.

We will phase out the TSM product business during 2024 through licensing of the TSM technology

to strategic partners or outsourcing.

Non-recurring Engineering Services

We also offer non-recurring engineering (“NRE”) services

related to application development linked to our TSMs and our zForce and MultiSensing technology platforms on a flat rate or hourly rate

Typically, our licensing customers require engineering

support during the development and initial manufacturing phase for their products using our technology, while our TSM customers require

hardware or software modifications to our standard products or support during the development and initial manufacturing phases of their

products using our technology.

In both cases we can offer NRE services and earn NRE revenues.

Our Organization

was incorporated in the State of Delaware

on September 4, 1997.

Our principal executive office is located in Stockholm, Sweden.

Our office in the United States is located in San

Jose, California.

We have the following wholly owned subsidiaries:

Neonode Technologies

AB (Sweden) (established in 2008 to develop and license touchscreen technology);

Neonode Japan Inc., (Japan) (established in 2013);

Neonode Korea Ltd.

(South Korea) (established in 2014).

Neonode Korea Ltd.

is currently dormant.

In 2015, we established a 51% majority

owned consolidated subsidiary, Pronode Technologies AB (Sweden).

On October 1, 2022, we acquired the remaining shares in Pronode Technologies

Strategy and Focus Areas

Our customers use touch, contactless touch, gesture

sensing, and machine perception technologies to grow their businesses, drive efficiencies, and seek competitive advantages.

is to deliver value-adding human-machine interaction (“HMI”) and machine perception solutions and products that enable our

customers to achieve these targets.

We offer specialized NRE services related to the integration of our solutions and products into customer

systems and products to ensure that optimal functionality and performance is achieved.

With the new, sharpened strategy, announced in

December 2023, we focus solely on the licensing business.

This allows customers to license our unique and advanced TSM technology to create

bespoke products and solutions that bring value to end customers.

We continue to be a leader in optical touch and gesture sensing by licensing

our zForce technology to customers in the printer, automotive, and other sectors.

We also aim to capture a significant share of the growing

automotive driver and in-cabin monitoring market by developing our machine perception business.

We are innovators in the HMI and machine

perception areas and our goal is to introduce next-generation products in these areas that offer better price, performance, and architectural

advantages compared to our current offers and those of our competitors.

We intend to execute on this strategy through portfolio transformation,

internal innovation, and co-development of products with our customers and the building of strategic partnerships with other technology

The automotive value chain consists of OEMs (vehicle

manufacturers) and tiered suppliers (Tier 1 system suppliers, Tier 2 component suppliers etc.).

In this market, we mainly act as a Tier

2 technology provider to Tier 1 suppliers who license our technology and deliver different types of systems to OEMs (e.g.

system displays featuring our touch technology).

In some cases, we are also engaged directly by OEMs, following the trend that OEMs are

insourcing more and more of their systems and software development.

During 2023 and 2022, our automotive customers shipped approximately

0.9 million and 0.8 million products with our technology, respectively.

Accumulated, since 2014, our automotive customers have shipped

approximately 8 million products featuring our technology.

Printers and Office Equipment

Multi-function printers typically feature touch

displays for user interaction with feature-rich menus and settings.

We have operational license agreements with three of the leading global

printers and office equipment OEMs.

During 2023 our customers shipped more than 3 million printers using our touch technology and

since mid-2014 they have shipped approximately 55 million printers using our touch technology.

Industrial Automation

We see interesting opportunities for our optical

touch and gesture control solutions in the rugged industrial touchscreen market.

provides advanced optical sensing solutions for touch, contactless touch, and gesture sensing.

We also provide software solutions for

machine perception that feature advanced machine learning algorithms to detect and track persons and objects in video streams from cameras

and other types of imagers.

We base our contactless touch, touch, and gesture sensing products and solutions using our zForce technology

platform and our machine perception solutions on our MultiSensing technology platform.

We market and sell our solutions to customers

in many different markets and segments including, but not limited to, office equipment, automotive, industrial automation, medical, military

and avionics.

2010, we began licensing to Original Equipment Manufacturers (“OEMs”) and automotive Tier 1 suppliers who embed our technology

into products they develop, manufacture, and sell.

Since 2010, our licensing customers have sold over 95 million products that feature

our technology.

In October 2017, we augmented

our licensing business and began manufacturing and shipping touch sensor modules (“TSMs”) that incorporate our patented technology.

On December 12, 2023, we announced a new, sharpened strategy with full focus on the licensing business.

Consequently, we phased out the

TSM product business during 2024 through licensing of the TSM technology to strategic partners and in parallel we sold parts of the remaining

The phase out of our TSM product business meets the criteria to be reported as discontinued operations.

Refer to Note 2 of Notes

to the Consolidated Financial Statements for additional discussion of discontinued operations.

All following information present continuing

2024, we also continued to focus our efforts on maintaining our current licensing customers and achieving design wins for new programs

both with current and future customers.

license our zForce and MultiSensing technology to OEMs and automotive Tier 1 suppliers who embed our technology into products that they

develop, manufacture and sell.

Since 2010, our licensing customers have sold over 95 million devices that use our patented technology.

of December 31, 2024, we had 37 valid technology license agreements with global OEMs, ODMs and automotive Tier 1 suppliers.

Our licensing customer base is primarily in the automotive and printer

Nine of our licensing customers are currently shipping products that embed our technology.

We anticipate current customers,

except of one, will continue to ship products with our technology in 2025 and in future years.

We also expect to expand our customer base

with a number of new customers who will be looking to ship new products incorporating our zForce and MultiSensing technologies as they

complete final product development and release cycles.

Typically, our licensing customers require engineering support during the development

and initial manufacturing phase for their products using our technology.

For more details on non-recurring engineering (“NRE”)

services please refer to the section below.

We typically earn our license fees on a per unit basis when our customers ship products using

our technology, but in the future we may use other business models as well.

Non-recurring

Engineering Services

We also offer NRE services related to application development linked

to our zForce and MultiSensing technology platforms on a flat rate or hourly rate basis.

Typically, our licensing

customers require engineering support during the development and initial manufacturing phase for their products using our technology.

In this case we can offer NRE services and earn NRE revenues.

and Focus Areas

customers use touch, contactless touch, gesture sensing, and machine perception technologies to grow their businesses, drive efficiencies,

and seek competitive advantages.

Our strategy is to deliver value-adding human-machine interaction (“HMI”) and machine perception

solutions that enable our customers to achieve these targets.

We offer specialized NRE services related to the integration of our solutions

into customer systems and products to ensure that optimal functionality and performance is achieved.

With the sharpened strategy,

announced in December 2023, we focus solely on the licensing business.

This allows customers to license our unique and advanced TSM technology

to create bespoke products and solutions that bring value to end customers.

We continue to be a leader in optical touch and gesture sensing

by licensing our zForce technology to customers in the printer, automotive, and other sectors.

We also aim to capture a significant share

of the growing automotive driver and in-cabin monitoring market by developing our machine perception business.

We are innovators in the

HMI and machine perception areas and our goal is to introduce next-generation products in these areas that offer better price, performance,

and architectural advantages compared to our current offers and those of our competitors.

We intend to execute on this strategy through

portfolio transformation, internal innovation, and co-development of products with our customers and the building of strategic partnerships

with other technology companies.

The automotive value chain

consists of OEMs (vehicle manufacturers) and tiered suppliers (Tier 1 system suppliers, Tier 2 component suppliers etc.).

In this market,

we mainly act as a Tier 2 technology provider to Tier 1 suppliers who license our technology and deliver different types of systems to

our driver and in-cabin monitoring solution or our touch technology).

In some cases, we are also engaged directly by OEMs,

following the trend that OEMs are insourcing more and more of their systems and software development.

2024 and 2023, our automotive customers shipped approximately 0.5 million and 0.9 million products with our technology, respectively.

Accumulated, since 2014, our automotive customers have shipped approximately 8.5 million products featuring our technology.

and Office Equipment

Multi-function

printers typically feature touch displays for user interaction with feature-rich menus and settings.

We have operational license agreements

with three of the leading global printers and office equipment OEMs.

During 2024 our customers shipped approximately 2.4 million printers

using our touch technology and since mid-2014 they have shipped approximately 57.3 million printers using our touch technology.

and Larger Touch Displays

the decision in December 2023 to transform our zForce business to a licensing only business model, we see an increasing number of opportunities

for our optical touch and gesture control solutions in the rugged industrial touchscreen market as well as for cost efficient touch solutions

for larger touch displays i.e.

21 inch and above where we offer lower cost per inch on larger displays compared to PCAP.

Easily integrated

using a single-sided TSM sensor or a full-frame zForce implementation, Neonode’s licensable touch interaction technology platforms

deliver exceptional performance and value to any touch-operated application.

We also see potential demand for our machine perception

solutions in industrial settings.

We sell our TSMs to customers manufacturing and

selling medical imaging systems with touch screens.

Looking to the future, we see interesting opportunities to license our zForce-based

optical touch and gesture control solutions to manufacturers of different medtech systems.

Elevators and Interactive Kiosks

There is strong consumer demand for HMI technologies that improve

the user experience and eliminate direct physical contact between users and different types of machines and systems in public environments

such as self-service kiosks, vending machines, and elevators.

Using our TSMs, OEMs can easily create safe, intuitive, and easy-to-use

contactless touch interfaces for their elevator and kiosk products.

Our TSMs are also very suitable for retrofit applications and many

of our OEM customers, value-added resellers, and technology partners have or are developing such solutions and marketing and selling them

in their respective markets.

Customer demand has decreased after the COVID-19 pandemic ended and in 2024 we will phase out the TSM product

OEM customers, value-added resellers, and technology partners can still access our technology through licensing.

Product Backlog

Our TSM product backlog as of December 31, 2023

was approximately $34,000.

The product backlog includes orders confirmed for products planned to be shipped within 12 months to one customer.

Our cycle time between order and shipment is generally short and customers occasionally change delivery schedules.

Additionally, orders

can be cancelled without significant penalties.

As a result of these factors, we do not believe that our product backlog, as of any particular

date, is necessarily indicative of actual product revenue for any future period.

As of December 31, 2023 we had 34 valid technology

license agreements.

As of December 31, 2022, that number was 35.

During the year ended December 31, 2023, we had 10 customers using our

touch technology in products that were being shipped to their customers.

The products related to these license agreements include e-readers,

tablets, commercial and consumer printers, automotive infotainment system displays, and global positioning system (GPS) devices.

Our customers are primarily located in North America,

Europe and Asia.

As of December 31, 2023, four of our customers

represented approximately 76.4% of our consolidated accounts receivable and unbilled revenues.

As of December 31, 2022, five of our customers

represented approximately 82.5% of our consolidated accounts receivable and unbilled revenues.

Customers who accounted for 10% or more of our

revenues during the year ended December 31, 2023 are as follows.

Hewlett-Packard Company – 22.1%

the announcement that Nexty Electronics has selected Neonode’s TSM technology for sensor development and manufacturing of the next-generation

slot machines for a leading manufacturer in Japan’s amusement market, we see further potential to deliver our technology to companies

in the Japanese amusement market as well as in other markets that desire high quality, cost-effective touch functionality on large displays

and surfaces.

our TSM technology to facilitate interaction with a hologram, allows us to create immersive experiences with a “wow factor”

in the infotainment sector e.g.

museums, receptions, AI avatars etc.

We also see an increasing potential for surgical planning and education,

enabling virtual explorations and interactive learning.

customers are primarily located in North America, Europe and Asia.

of December 31, 2024, four of our customers represented approximately 80.9% of our consolidated accounts receivable and unbilled revenues.

of December 31, 2023, three of our customers represented approximately 77.8% of our consolidated accounts receivable and unbilled revenues.

who accounted for 10% or more of our revenues during the year ended December 31, 2024 are as follows.

Seiko Epson – 27.3%

Alpine Electronics – 20.7%

Customers who accounted for 10% or more of our

revenues during the year ended December 31, 2022 are as follows.

Hewlett-Packard Company – 20.4%

Commercial Vehicle OEM – 11.8%

who accounted for 10% or more of our revenues during the year ended December 31, 2023 are as follows.

Hewlett-Packard Company – 33.3%

Seiko Epson – 20.2%

Alpine Electronics – 18.2%

Customers by Market

The following table presents our revenues by market

as a percentage of total revenues for the years ended December 31:

LG Electronics – 13.1%

following table presents our revenues by market as a percentage of total revenues:

ended December 31,

Net license revenues from amusement

Net license revenues from automotive

Net license revenues from consumer electronics

Net product revenues from TSMs

Net non-recurring engineering services revenues

Geographical Data

The following table presents our revenues by geographic

region as a percentage of total revenues for the years ended December 31:

Net non-recurring engineering

services revenues

following table presents our revenues by geographic region as a percentage of total revenues:

ended December 31,

United States

The following table presents our total assets by

geographic region as of December 31 (in thousands):

following table presents our total assets by geographic region:

(in thousands)

United States

There are various technologies for touch and gesture

control solutions available that compete with our optical zForce technology.

The competing technologies have differing profiles such as

performance, power consumption, level of maturity and cost.

For touch solutions, the main competition comes from resistive and capacitive

touch solutions.

For touch displays, projective capacitive technology is the prevalent standard in mobile phones and tablets and therefore

an important competing technology to ours that many suppliers offer with price being a major differentiation point.

This means we must

continuously develop our technology and improve our offers to defend and grow our market share.

For gesture control the main competition

comes from other optical technologies and from both ultrasonic and radar technologies.

Examples of competitors active in the area of gesture

sensing include Ultraleap and suppliers of radar and ultrasonic sensor chips, for instance Texas Instruments and Acconeer.

Detection range,

resolution and cost are the main differentiators.

For contactless touch opportunities, competing

technologies include camera-based technologies for detecting finger placement and gestures in the airspace in front of a kiosk or button

panel, capacitive sensors capable of detecting a finger hovering above a display or button, as well as voice-activated interfaces and

interfaces using one’s mobile phone to interact with a kiosk or button panel.

There are various driver and in-cabin monitoring

solutions that compete with our MultiSensing technology.

Our competitors among Tier 2 software providers include SmartEye, Cipia, Xperi,

Seeing Machines, PUX and Jungo.

Intellectual Property

We rely on a combination of intellectual property

laws and contractual provisions to establish and protect the proprietary rights in our technology.

The number of our issued and pending

patents and patents filed in each jurisdiction as of December 31, 2023 is set forth in the following table:

are various technologies for touch and gesture control solutions available that compete with our optical zForce technology.

The competing

technologies have differing profiles such as performance, power consumption, level of maturity and cost.

For touch solutions, the main

competition comes from resistive and capacitive touch solutions.

For touch displays, projective capacitive technology is the prevalent

standard in mobile phones and tablets and therefore an important competing technology to ours that many suppliers offer with price being

a major differentiation point.

This means we must continuously develop our technology and improve our offers to defend and grow our market

For gesture control the main competition comes from other optical technologies and from both ultrasonic and radar technologies.

Examples of competitors active in the area of gesture sensing include Ultraleap and suppliers of radar and ultrasonic sensor chips, for

instance Texas Instruments and Acconeer.

Detection range, resolution and cost are the main differentiators.

contactless touch opportunities, competing technologies include camera-based technologies for detecting finger placement and gestures

in the airspace in front of a kiosk or button panel, capacitive sensors capable of detecting a finger hovering above a display or button,

as well as voice-activated interfaces and interfaces using one’s mobile phone to interact with a kiosk or button panel.

are various driver and in-cabin monitoring solutions that compete with our MultiSensing technology.

Our competitors among Tier 2 software

providers include SmartEye, Cipia, Xperi, Seeing Machines, PUX and Jungo.

rely on a combination of intellectual property laws and contractual provisions to establish and protect the proprietary rights in our

The number of our issued and pending patents and patents filed in each jurisdiction as of December 31, 2024 is set forth

in the following table:

Issued Patents

of Patents Pending

United States

Our patents cover optical blocking technologies

for touchscreens and head-up displays, optical reflective technologies for contactless interaction with kiosks and elevators, as well

as machine perception solutions for driver and in-cabin monitoring.

Our software may also be protected by copyright

laws in most countries, including Sweden and the European Union, if the software is deemed new and original.

Protection can be claimed

from the date of creation.

In 2023 we filed eleven new patent applications

and had nine new patent grants issued;

five patents have lapsed.

The duration of our patent protection for utility

patents is generally 20 years.

The duration of our patent protection for design patents varies throughout the world between 10 and 25

years, depending on the jurisdiction.

We believe the duration of our intellectual property rights is adequate relative to the expected

lives of our products.

We also protect and promote our brand by registering

trademarks in key markets around the world.

Patent Convention Treaty

Not Applicable

patents cover optical blocking technologies for touchscreens and head-up displays, optical reflective technologies for contactless interaction

with kiosks and elevators, as well as machine perception solutions for driver and in-cabin monitoring.

software may also be protected by copyright laws in most countries, including Sweden and the European Union, if the software is deemed

new and original.

Protection can be claimed from the date of creation.

In 2024 we filed four new

patent applications and had seven new patent grants issued;

eleven patents lapsed, and one patent application was abandoned.

duration of our patent protection for utility patents is generally 20 years.

The duration of our patent protection for design patents

varies throughout the world between 10 and 25 years, depending on the jurisdiction.

We believe the duration of our intellectual property

rights is adequate relative to the expected lives of our products.

also protect and promote our brand by registering trademarks in key markets around the world.

Our trademarks include:

Neonode (26 registrations, 2 pending applications), the Neonode logo

(8 registrations), zForce (10 registrations), and MultiSensing (3 registrations).

Research and Development

In fiscal years 2023 and 2022, we incurred $3.8

million and $4.0 million, respectively, on research and development activities.

Our research and development is performed predominantly

in-house, but may also be performed in collaboration with external partners and specialists.

Human Capital

We recognize that the development, attraction and

retention of employees is critical to our success.

For this reason, we strive to provide a positive work culture for our employees.

We focus on skills enhancement, leadership development,

innovation excellence and professional growth throughout our employees’ careers.

Our leadership program provides leadership trainings

to our high-potential emerging leaders.

We provide market competitive compensation aligned

with company performance.

We provide a comprehensive benefits package to our employees, including healthcare and retirement plans.

have a dedicated human resources (HR) person to ensure clear and beneficial HR-related processes and strategy.

We work proactively against

all discrimination, harassment and other abusive behavior to ensure the work environment at Neonode is good and healthy.

We believe that

a diverse workforce provides different viewpoints on business strategy, risk and innovation.

Since the COVID-19 pandemic has subsided we have adopted a hybrid

While we encourage employees to come into the office as much as possible, employees are permitted to work part time from home.

As of December 31, 2023, we had 53 employees (including

49 full-time employees) and 8 consultants.

We have employees and/or consultants located in the United States, Sweden, United Kingdom,

Japan, South Korea and Taiwan.

Neonode (26 registrations,

1 pending applications), the Neonode logo (8 registrations), zForce (10 registrations), and MultiSensing (3 registrations).

and Development

fiscal years 2024 and 2023, we incurred $3.4 million and $3.8 million, respectively, on research and development activities.

and development is performed predominantly in-house, but may also be performed in collaboration with external partners and specialists.

recognize that the development, attraction and retention of employees is critical to our success.

For this reason, we strive to provide

a positive work culture for our employees.

focus on skills enhancement, leadership development, innovation excellence and professional growth throughout our employees’ careers.

Our leadership program provides leadership trainings to our high-potential emerging leaders.

provide market competitive compensation aligned with company performance.

We provide a comprehensive benefits package to our employees,

including healthcare and retirement plans.

We have a dedicated human resources (HR) person to ensure clear and beneficial HR-related

processes and strategy.

We work proactively against all discrimination, harassment and other abusive behavior to ensure the work environment

at Neonode is good and healthy.

We believe that a diverse workforce provides different viewpoints on business strategy, risk and innovation.

Since the COVID-19 pandemic

has subsided we have adopted a hybrid workplace.

While we encourage employees to work from the office as much as possible, employees

are permitted to work part time from home.

of December 31, 2024, we had 43 employees (including 40 full-time employees) and 7 consultants.

We have employees and/or consultants

located in the United States, Sweden, United Kingdom, Japan and Taiwan.

None of our employees are represented by a labor union.

We have experienced no work stoppages.

our employee relations are positive.

Additional Information

We are subject to the informational requirements

of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and we file or furnish reports, proxy statements,

and other information with the Securities and Exchange Commission (“SEC”).

The reports and other information filed by us with

the SEC are available free of charge on the SEC’s website at www.sec.gov.

Our website is www.neonode.com .

available free of charge through our website all of our filings with the SEC, including our annual reports on Form 10-K, quarterly reports

on Form 10-Q, and current reports on Form 8-K as well as Form 3, Form 4, and Form 5 reports for our directors, officers,

and principal stockholders, together with amendments to those reports filed or furnished pursuant to Sections 13(a), 15(d), or 16 under

the Exchange Act.

These reports are available as soon as reasonably practicable after their electronic filing or furnishing with the SEC.

Our website also includes corporate governance information, such as our Code of Business Conduct (including a Code of Ethics for the Chief

Executive Officer and Senior Financial Officers) and our Board of Directors’ Committee Charters.

The information contained on our

website is not a part of, nor is it incorporated by reference into, this Annual Report.

experienced no work stoppages.

We believe our employee relations are positive.

are subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and

we file or furnish reports, proxy statements, and other information with the Securities and Exchange Commission (“SEC”).

The reports and other information filed by us with the SEC are available free of charge on the SEC’s website at www.sec.gov.

website is www.neonode.com .

We make available free of charge through our website all of our filings with the SEC, including our

annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K as well as Form 3, Form 4, and

Form 5 reports for our directors, officers, and principal stockholders, together with amendments to those reports filed or furnished

pursuant to Sections 13(a), 15(d), or 16 under the Exchange Act.

These reports are available as soon as reasonably practicable after

their electronic filing or furnishing with the SEC.

Our website also includes corporate governance information, such as our Code of Business

Conduct (including a Code of Ethics for the Chief Executive Officer and Senior Financial Officers) and our Board of Directors’

Committee Charters.

The information contained on our website is not a part of, nor is it incorporated by reference into, this Annual

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business