Neonode AB, a wholly-owned subsidiary of US-based Neonode, Inc., has filed a petition for bankruptcy in Sweden. The company, which has focused almost all of its efforts on pushing the now aged Neonode N2 since 2004, finally caved after looking so vulnerable in late July. According to Per Bystedt, CEO and Chairman of Neonode: "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
