Alps Electric and Immersion Extend Licensing Agreement
Renewed agreement expands licensing terms to include new opportunities in the automotive markets
The previous agreement between the companies was set to expire in 2012. The new agreement extends the agreement through 2016 and broadens coverage, aligning with Alps Electric's extensive reach.
"We've seen great success throughout our relationship with
"As our automotive customers continue to develop products that require touch interfaces, the inclusion of force-feedback and tactile response provides significant value" said
About Immersion (www.immersion.com)
Founded in 1993,
Immersion, the Immersion logo and TouchSense are trademarks of
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
All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including, but not limited to, the statement regarding Immersion products creating a more compelling and intuitive user interface through haptics.
Immersion's actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Immersion's business, which include, but are not limited to, the effects of the current macroeconomic climate; delay in or failure to achieve commercial demand for Immersion's products (especially in the automotive market); a delay in or failure to achieve the acceptance of force feedback as a critical user experience (especially in the automotive market); unanticipated difficulties and challenges encountered in product development efforts or in connection with Immersion's license with
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 Immersion's most current Form 10-K and Form 10-Q, which are on file with the
The use of the word "partner" or "partnership" in this press release does not mean a legal partner or legal partnership.
(IMMR — C)
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