SAN JOSE, Calif .– (BUSINESS WIRE) –Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of advanced touch technology, today announced that it has signed an agreement with Sony Interactive Entertainment (“SIE”) to license Immersion's advanced haptics patent portfolio. Under the agreement, SIE can also leverage Immersion's haptics technology for gaming controllers and VR controllers.
Integrating high-quality touch effects into devices brings gaming to a whole new level, creating sensations of pushing, pulling, grasping, and pulsing. Adding the sense of touch to games heightens the experience and keeps players engaged. "Research shows that haptics makes games like life, increasing players' satisfaction and enjoyment through peripherals and games enhanced with the power of touch," said Ramzi Haidamus, Immersion's CEO. "We are thrilled to work with SIE, to true pioneer gaming, to provide incredible experiences to their customers."
"We are pleased to reach agreement with Immersion," said Riley Russell, Chief Legal Officer, Sony Interactive Entertainment. "High quality haptics technology enhances presence and immersion for gamers, and this agreement is consistent with SIE's desire to provide the best gaming experience to gamers around the world."
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 3,500 issued or pending patents, Immersion technology has been adopted 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.
This press release contains “forward-looking statements” that involve risks and uncertainties, as well as assumptions that, if they never materialize or evidence incorrectly, could result in the results of Immersion Corporation and its consolidated subsidiaries to differing 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 of immense importance to gaming and VR controllers, the statement that high-quality touch effects bring gaming to a new level, heighten the experience, and keeps players engaged, Mr. Haidamus' statement that haptics makes games like to life and increases players' satisfaction and enjoyment, and Mr. Haidamus' statement concerning Immersion's work with SIE to provide incredible experiences to SIE's customers.
Immersion's actual results might differ materially from those stated or implied by such forward-looking statements two risks and uncertainties associated with Immersion's business, which includes, but are not limited to: anticipated difficulties and challenges encountered in product development efforts (including with respect to Immersion's touch feedback technology) by Immersion and its licensees (including SIE); unanticipated challenges and challenges encountered in implementation efforts by Immersion's licensees (including SIE); unanticipated changes in the gaming industry; adverse outcomes in any future intellectual property-related litigation and the costs related thereto; the effects of the current macroeconomic climate; Immersion's technologies or third party products (including gaming products) and a delay in failure to achieve acceptance of touch feedback as a critical user experience. Many of these risks are beyond the control of Immersion.
For more information, please refer to the risk factors listed in Immersion's most current 10-K, and Form 10-Q, both of which are on file with the US 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 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. Other trademarks of their respective owners.
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