Immersion Signs License Agreement With Realtime Adding Haptics to Pacewear Smart Wearables
May 23 2017 - 8:30AM
Business Wire
Immersion Corp. (NASDAQ: IMMR), the leading developer and
licensor of touch feedback technology, today announced that it has
signed a license agreement with Shenzhen-based Realtime Technology
Co., Ltd to embed Immersion's TouchSense® Premium solution in
Realtime’s Pacewear smart wearable products.
Realtime can now dramatically enhance its Pacewear wearables,
such as smart watches, with tailored tactile effects using
Immersion's TouchSense Premium solution. It complements Immersion’s
Intuitive Alerts Framework for wearables, turning notifications
into intuitive tactile messages to make them more meaningful. For
example, notification of a calendar appointment will feel different
than an incoming text message on one’s smart watch.
"Touch is the latest design language of wearable devices, and I
am confident that Pacewear can offer an enhanced user experience
with our TouchSense technology,” said Shuo Liu, General Manager of
Immersion China. “Working together, we can bring even more
possibilities to smart wearable products through the power of
touch.”
Offering the highest quality haptics available, TouchSense
Premium is a best-in-class solution that includes effect
customization services and onsite haptics design and software
technical support, with HD and multi-actuator options offered as
add-on modules. Immersion’s TouchSense technology has been adopted
by companies creating mobile devices in China. For recent
announcements and more information about Immersion’s licensees in
China, see http://ir.immersion.com/releases.cfm.
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.
About Realtime Technology
Established in September 2016, Realtime Technology Co., Ltd is
the intelligent wearable equipment developer and provider with
office in Shenzhen, Beijing, and Qingdao. Realtime has received
first-round financing from Tencent, GoerTek and other
organizations. With rich experience in system and software service
and consumer electronics products development, its core team
members are from Tencent Technology, Motorola, Nokia and GoerTek.
This provides strong support for intelligent wearable product
development and software service design. Realtime launched
Pacewear, its intelligent wearables brand, in October of 2016, to
focus on high-quality smart products and convenient life experience
for consumers.
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, statements regarding the benefits of
Immersion’s TouchSense technology, the continuing availability of
Realtime Technology’s Pacewear products with Immersion’s TouchSense
technology, and future business relationship between Immersion and
its customers, including Realtime Technology.
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 TouchSense Technology) by Immersion and
its licensees; 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, 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.
(IMMR - C)
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