Neonode Inc. Signs Agreement with Turnstone Mobile Media to Sell Neonode Mobile Phones in India

Neonode announced an agreement with Turnstone Mobile Media LLC (TMM), a portfolio company of Turnstone Capital Management LLC, to distribute its products in India.

Under terms of the exclusive sales agreement, TMM, through its New Delhi-based affiliate, will be sole distributor of the unique Neonode N2 touch-screen mobile phone and related products in India, where cell phone and wireless infrastructure growth is one of the fastest in the world. Neonode has already made a substantial first shipment of its Neonode N2 mobile phones to TMM.

Neonode N2 uses the most advanced touch screen technology, the zForce™ optical touch screen. It doesn’t need any hard pressure or stylus but works quickly and accurately by reacting to sweeping and tapping signals on the screen. The intuitively organized user interface, neno™, delivers quick and easy access to applications and content.

"We are excited to be introducing the new Neonode N2 to India, where demand for the latest innovations in technology, especially mobile communications and entertainment, is among the highest in the world. Based on initial reactions by the largest carriers, distributors, retailers, and consumers throughout India, we anticipate the Neonode N2 will be well-received and are looking forward to announcing its release the first quarter of 2008,” said Marc La Magna, Managing Partner of Turnstone Capital LLC.