SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 15, 2019--
Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor
of touch feedback technology, today announced that it has signed a
license agreement with Seoyon Electronics Co., Ltd. (Seoyon), a leading
international supplier of automotive systems and products. The agreement
provides Seoyon with access to Immersion’s patented haptic technology
for use in its in-vehicle touch button panels, touch pads, and rotary
switches.
Immersion’s technology enhances automotive interfaces and applications.
Increasingly, haptics is being designed into in-vehicle applications as
more and more cars incorporate high-quality tactile effects for
operations such as cruise control, stability control, entertainment,
navigation, and climate control.
“We welcome Seoyon as a new licensee,” said Nobumitsu Shimada,
Immersion's Sr. Director, Field Sales, APAC. “We look forward to seeing
how Seoyon applies the power of touch to its automotive systems to
reduce driver distraction and bring a heightened realism to the driving
experience.”
About Immersion
Immersion Corporation (NASDAQ: IMMR) is the leading innovator of touch
feedback technology, also known as haptics. The company provides
technology solutions for creating immersive and realistic experiences
that enhance digital interactions by engaging users’ sense of touch.
With more than 3,000 issued or pending patents, Immersion's technology
has been adopted in more than 3 billion digital devices, and provides
haptics in mobile, automotive, gaming, medical and consumer electronics
products. Immersion is headquartered in San Jose, California with
offices worldwide. Learn more at www.immersion.com.
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, but
not limited to, the statement that Immersion’s technology enhances
automotive interfaces and applications, the statements regarding the
incorporation of haptics into automobiles, Mr. Shimada’s statements
concerning the impacts of haptics in automobiles.
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: unanticipated difficulties and challenges
encountered in product development efforts (including with respect to
Immersion’s touch feedback technology) by Immersion and its licensees
(including Seoyon); unanticipated difficulties and challenges
encountered in implementation efforts by Immersion's licensees
(including Seoyon); unanticipated changes in the automotive industry;
adverse outcomes in any future intellectual property-related litigation
and the costs related thereto; the effects of the current macroeconomic
climate; delay in or failure to achieve adoption of or commercial demand
for Immersion's products or third party products (including automotive
products) incorporating Immersion's technologies; and a delay in or
failure to achieve the acceptance of touch feedback as a critical user
experience. Many of these risks and uncertainties are beyond the control
of Immersion.
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, both of which are on file with the U.S. Securities and
Exchange Commission. The forward-looking statements in this press
release reflect Immersion's beliefs and predictions as of the date of
this release. Immersion disclaims 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 and the Immersion logo are trademarks of Immersion Corporation
in the United States and other countries. All other trademarks are the
property of their respective owners.
(IMMR - C)
View source version on businesswire.com: https://www.businesswire.com/news/home/20190115005086/en/
Source: Immersion Corporation
Media Inquiries:
Immersion
Linda Quach, +1-408-350-8832
lquach@immersion.com
or
Investor
Inquiries:
The Blueshirt Group
Jennifer Jarman, +1-415-217-5866
jennifer@blueshirtgroup.com
