NEON Stock: Why It Substantially Increased Today

By Amit Chowdhry ● Sep 29, 2021
  • The stock price of Neonode, Inc (NASDAQ: NEON) increased over 25% during intraday trading today. This is why it happened.

The stock price of Neonode, Inc (NASDAQ: NEON) increased over 25% during intraday trading today. Investors are responding positively to Neonode announcing that TNB Tech (a Neonode value-added reseller), has been selected by Doostek for contactless self check-in kiosk trials at a major Korean airport featuring Neonode contactless touch technology.

Last year, Doostek, a Korean contactless solution provider, started evaluation of Neonode touch sensor modules. And following a successful testing period, Doostek decided to develop a contactless kiosk solution for airport self check-in. This contactless retrofit solution – called Touch Catch – has been installed on several self check-in kiosks at a major Korean airport. The field trial was started in May 2021 and is still ongoing with Doostek and the airport currently monitoring user experience and response from passengers.

KEY QUOTES:

“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.” 

— Urban Forssell, CEO of Neonode

“I am proud of Touch Catch and the self check-in airport installation. Thanks to Neonode’s contactless touch technology, we will contribute to a virus free travel and I am looking forward to expanding Doostek through product adoption at many Korean airports.”

— Daniel Kim, CEO of Doostek

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.