Samsung Signs License Agreement with Immersion for Touch Feedback in Consumer Products
SAN JOSE, Calif., Oct 21, 2008 (BUSINESS WIRE) -- Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology (http://www.immersion.com/corporate/), announces that Samsung Electronics Co., Ltd., a market leader and award-winning innovator in consumer electronics, has signed a worldwide license for Immersion's TouchSense(R) technology for digital audio devices. The new license agreement expands the relationship between the two companies.
"Samsung is truly an innovator, the first company to license our touch feedback system for mobile phones and now the first for digital audio devices," said Chuck Joseph, Immersion's senior vice president and general manager, Touch Interface Products. "Our TouchSense touch feedback injects a vitality into the electronic user experience -- an intuitive interactivity and a heightened sense of engagement. Because touch is the most personal of the senses, it's more satisfying and easier to use a product that responds 'with feeling'."
About Immersion (www.immersion.com)
Founded in 1993, Immersion Corporation is the recognized leader in developing, licensing, and marketing digital touch technology and products. Using Immersion's advanced touch feedback technology (http://www.immersion.com/corporate), electronic user interfaces are more compelling, entertaining, and in many applications, safer and more productive. Immersion's technology has helped manufacturers develop innovative and creative solutions for products such as hundreds of video games and leading video console gaming systems, medical training simulators installed around the world, driver controls for automotive manufacturers, and mobile phones, such as those from LG and Samsung. Immersion's patent portfolio includes over 700 issued or pending patents in the U.S. and other countries.
Forward-looking Statements
This press release contains "forward-looking statements" that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of Immersion Corporation and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements.
All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including any projections of earnings, revenues, or other financial matters; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning consumer products or consumer andmarket acceptance of force feedback products in general; proposed products orservices; any statements regarding future economic conditions or performance; statements of belief; and any statement or assumptions underlying any of the foregoing. Immersion's actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business which include, but are not limited to, delay in or failure to achieve commercial demand for our products or a delay in or failure to achieve the acceptance offorce feedback as a critical user experience.
For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in our most current Form 10-Q, which is on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release reflect our beliefs and predictions as of the date of this release. We disclaim any obligation to update these forward-looking statements as a result of financial, business, or any other developments occurring after the date of this release.
Immersion, the Immersion logo, and TouchSense are trademarks of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners.
SOURCE: Immersion Corporation
A&R Edelman Allen Bush, +1-650-762-2940 (Media) abush@ar-edelman.com or The Blueshirt Group Jennifer Jarman, +1-415-217-7722 (Investors) jennifer@blueshirtgroup.com
Copyright Business Wire 2008
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