SAN JOSE, Calif., Dec 17, 2008 (BUSINESS WIRE) --
Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology (http://www.immersion.com/corporate/), has signed an agreement awarding Visteon Corporation, a leading global automotive supplier, a license for Immersion's TouchSense(R) technology.The agreement advances the working relationship for developing and commercializing several types of haptic-enabled controls for applications throughout the car interior by 2010. As automotive electronics continue to evolve to address increased user interface complexity, Visteon intends to develop innovative TouchSense-enabled products to satisfy design and market demands. Concepts integrating Immersion's TouchSense technology will be demonstrated at Visteon's exhibit during the 2009 International Consumer Electronics Show in Las Vegas, Jan. 8-11, 2009, at booth CP13 in the Central Plaza.
Steve Meszaros, president of Visteon's electronics product group, said: "Visteon's innovative TouchSense-enabled solutions will satisfy design and market demands for electronic controls in vehicles that provide touch sensations and feedback similar to what consumers are accustomed to experiencing with portable electronics devices. This is part of an ongoing trend to integrate consumer electronics and the characteristics of personal devices into the vehicle."
"Visteon is known for its innovative industry collaborations that give it first-to-market solutions," said Chuck Joseph, senior vice president and general manager, Immersion Touch Interface Products group. "By collaborating with Immersion on haptic button packs, displays, and control modules, Visteon is rapidly responding to market trends as part of its commitment to designing electronic controls and experiences for the future."
The proliferation of portable consumer devices for communication, entertainment, and information, as well as increased capabilities within the car, creates more potential distraction for drivers. At the same time, consumers have grown more sophisticated, requiring more innovative, distinctive, and higher quality products. To answer this demand, the human-machine interface (HMI) must evolve to help drivers do more without increasing distraction. A consistent, intuitive, ergonomic HMI designed for the automotive environment that can integrate and build on the familiar aspects of consumer devices is Visteon's vision for the vehicle.
Immersion's TouchSense haptics technology provides confirming touch feedback for electronic controls including touchscreens and touch surfaces. Use of these controls as the primary interface mechanism in portable consumer electronics devices such as personal navigation devices, mobile phones, media players, and game consoles is on the rise. Further, independent research has shown that haptics can increase user speed and accuracy, reduce complication and stress, and improve user satisfaction. In vehicles, haptics can assist drivers by reducing glance time and decreasing driver distraction, which promotes safety.
About Visteon (www.visteon.com)
Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 27 countries and employs approximately 35,500 people.
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.
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 statements regarding Visteon's intention to develop TouchSense-enabled products, the satisfaction by Visteon of design and market demands for electronic controls, and the ongoing trend to integrate consumer electronics and characteristics of personal devices in vehicles. 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 of force 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
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