Neonode, Inc. Strengthens Its Management Team with New President and CEO

  
    
  
  
    
      Neonode, Inc. a Swedish developer of mobile devices and a pioneer in 
      buttonless, touchscreen mobile phones, today announced the appointment 
      of Mikael Hagman as President and Chief Executive Officer. Mr. Hagman, 
      formerly CEO of Sony Sweden and Sony Finland, assumes his new 
      role on March 5, 2007. He replaces Per Bystedt who will continue in his 
      role as Chairman of the Board. Tommy Hallberg remains in his role as 
      Chief Executive Officer of Neonode AB, a wholly-owned subsidiary of 
      Neonode, Inc.
    
    
      “We are extremely pleased to have Mikael bring 
      his management expertise and extensive experience in consumer 
      electronics to the Neonode management team. His decision to join us is 
      also a good indication of the confidence that exists for Neonode´s 
      operations,” said Per Bystedt.
    
    
      Neonode recently showcased its new mobile phone, the N2, at the 3GSM 
      World Congress in Barcelona to critical acclaim. Neonode, Inc. also 
      recently announced the execution of a definitive merger agreement with 
      SBE, Inc. (NASDAQ:SBEI), to access U.S. capital markets and to provide a 
      strong financial platform for the future of the company.
    
    
      About Neonode
    
    
      Neonode AB was founded in 2001 and is a Swedish developer of mobile 
      devices. The mobile devices are based on patented technologies which 
      enable a unique design and user experience. The devices are also based 
      on an open and upgradeable platform which minimizes the need to 
      constantly update the hardware. Neonode Inc. has recently announced the 
      execution of a definitive merger agreement with SBE, Inc. a 
      publicly-traded company (NASDAQ:SBEI). After shareholder approval of the 
      merger, the combined company's headquarters will be in Stockholm, 
      Sweden, where Neonode's current corporate headquarters is located.