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Neonode: Focus on Automotive - Redeye

Redeye states that following a long streak of dissatisfactory sales, Neonode is now clearly re-directing its focus towards the Automotive industry. The company intends to catch the second wave of DMS procurments for Europe, and primarily Asian OEMs for its Head-up-Display offering. It appears as though Neonode's first design win is imminent. Redeye lowers its valuation range.

Redeye states that following a long streak of dissatisfactory sales, Neonode is now clearly re-directing its focus towards the Automotive industry. The company intends to catch the second wave of DMS procurments for Europe, and primarily Asian OEMs for its Head-up-Display offering. It appears as though Neonode's first design win is imminent. Redeye lowers its valuation range.
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