Neonode, Inc. (NASDAQ: NEON) is engaged as a global optical sensing technology developer for contactless touch, touch, gesture sensing and monitoring applications. Based out of Sweden, Neonode also licenses its technology to Tier 1 suppliers, original equipment manufacturers (OEMs) and more. Neonode also sells branded sensor products through its AirBar division.
Shares of the sensor technology company are rallying 29% through early trading on Wednesday, September 29, 2021. Over the past three months, Neonode has seen average daily volume of 53,670 shares. However, volume of 4.67 million shares or dollar volume of $55.9 million, has already exchanged hands through early trading Wednesday.
The news released on Wednesday propelled Neonode to a new 52-week high of $12.40. Since the start of September, Neonode has seen its share price more than double from just under $5.00 to its current price of $11.89.
Neonode shares jumped after the company announced TNB Tech, a Neonode value-added reseller, has been selected by Doostek to trial the company’s sensor technology for use in contactless kiosks at a major South Korean airport.
Doostek initially began testing and evaluating Neonode’s touch sensor modules in 2020. After successful testing, Doostek is moving forward for a larger trial involving airport contactless check-in kiosks. The trial was initially launched in May 2021 and remains in use with Doostek, as the South Korean company monitors user experience and passenger response.
“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.
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