Immersion Enters Into Multi-Year License Agreement With Mitsubishi Electric
26 July 2017 - 10:30PM
Business Wire
Mitsubishi Electric to incorporate Immersion’s
haptics IP in automotive applications
Immersion Corporation (NASDAQ:IMMR), the leading developer and
licensor of touch feedback technology, today announced it has
signed a multi-year license agreement with Tokyo-based Mitsubishi
Electric Corp. Mitsubishi Electric is licensing Immersion’s haptics
IP for its automotive solutions.
Immersion’s high-quality touch feedback technology enhances
in-vehicle interfaces and applications. Increasingly, haptics is
being designed into automotive applications as more and more
vehicles incorporate high-quality tactile effects for operations
such as entertainment, navigation and climate control.
“The sense of touch enhances the user experience, and we are
pleased to work with Mitsubishi Electric to add haptics to its
automotive applications,” said Nobumitsu Shimada, Immersion’s
Representative Director and Country Manager, Japan. “Throughout the
automotive interior, we look forward to seeing Mitsubishi
Electric’s next-generation interfaces enabled by our
technology.”
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 2,400 issued or pending patents,
Immersion's technology has been adopted in more than 3 billion
digital devices, and provides haptics in mobile, automotive,
advertising, 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 more and more
vehicles incorporate high-quality tactile effects for operations
such as entertainment, navigation and climate control, as well as
the statements regarding the benefits of Immersion’s high-quality
touch feedback technology in automotive applications and the impact
on Immersion’s business.
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 by Immersion
and its licensees (including Mitsubishi Electric); unanticipated
changes in the automotive industry and market; unanticipated
difficulties and challenges encountered in implementation efforts
by Immersion's licensees; 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 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)
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