Neonode licenses Touch Sensor Module (TSM) technology to Chinese firm YesAR for automotive, elevator, and other sectors.

Neonode signs its first license agreement for Touch Sensor Module (TSM) technology with Chinese firm YesAR. The agreement entails an upfront technology access fee and future royalties. YesAR will utilize the TSM tech to develop and manufacture holographic infotainment solutions for the automotive, elevator, and other sectors. Neonode transformed its TSM business to a licensing model in December 2023.