Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

Handset manufacturer Neonode files for bankruptcy
Posted on 10-Dec-2008 19:35. | Tags Filed under: News.


Handset manufacturer Neonode files for bankruptcy
Neonode, Inc. has announced that, on 9th December 2008, its Swedish subsidiary, Neonode AB, filed a petition for bankruptcy in compliance with the Swedish Bankruptcy Act.

Per Bystedt, CEO and Chairman of Neonode, Inc. comments, “For the past six months we have focused on turning the business around and solving the financial situation of Neonode AB. We continue to have great belief in our technology and believe we have a competitive product in the Neonode N2 but without sufficient funds we cannot continue operations.”

Neonode AB has, together with its American parent company, Neonode Inc., taken a number of measures to attempt to restructure and refinance Neonode AB’s operations. On 22nd October 2008 Neonode AB filed for reconstruction in accordance with the Swedish reorganization act (1996:764).

“We have had a good dialogue with many of our creditors and tried a number of different solutions, but unfortunately we have been unable to reach a satisfactory solution for all parties,” Per Bystedt, CEO and President of Neonode, Inc. continues.

Neonode AB is a wholly-owned subsidiary of Neonode Inc and has carried out business with focus on the development and sales of touch screen mobile phones such as the Neonode N2 since 2004.





comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

What time does windows 10 go live?
Created by gogokr431, last reply by ToPGuNZ on 31-Jul-2015 19:18 (441 replies)
Pages... 28 29 30


Just installed Windows 10 on release and have questions... Post here
Created by Behodar, last reply by nathan on 31-Jul-2015 17:19 (67 replies)
Pages... 3 4 5


New site and UFB plans
Created by cws82us, last reply by RalphFromSnap on 31-Jul-2015 15:41 (128 replies)
Pages... 7 8 9


Do I need to have 7 installed to get 10 ?
Created by xpd, last reply by Regs on 30-Jul-2015 21:04 (117 replies)
Pages... 6 7 8


GST refund on imports returned due to size issues
Created by Geektastic, last reply by raytaylor on 29-Jul-2015 22:57 (29 replies)
Pages... 2


How do Tosh Computers manage to avoid GST being charged?
Created by Geektastic, last reply by mattwnz on 31-Jul-2015 19:27 (25 replies)
Pages... 2


On-line advertising - good or bad?
Created by Rikkitic, last reply by Sideface on 29-Jul-2015 15:25 (63 replies)
Pages... 3 4 5


Clone a proprietary proximity card
Created by berridge, last reply by trig42 on 28-Jul-2015 14:05 (43 replies)
Pages... 2 3