Immersion Enters into Agreement with Google for Development of Next-Generation Haptic Devices
January 03 2019 - 8:30AM
Business Wire
Immersion Corporation (NASDAQ:IMMR), the leading developer
and licensor of touch feedback technology, today announced it has
entered into a multi-year agreement with Google under which the
companies will explore opportunities to collaborate on
incorporating haptics in Google’s next-generation hardware
products. The agreement also provides Google with a license to
Immersion’s patent portfolio for Google’s Pixel line of phones and
other Google hardware. Other terms of the agreement are
confidential.
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 statements concerning the
potential for opportunities for Immersion and Google to
collaborate.
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 Google); unanticipated difficulties
and challenges encountered in implementation efforts by Immersion's
licensees (including Google); unanticipated changes in the mobile
device 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 mobile devices)
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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version on businesswire.com: https://www.businesswire.com/news/home/20190103005103/en/
Media Inquiries:Immersion CorporationNancy Erba,
408-350-8850Chief Financial Officernerba@immersion.comorInvestor
Inquiries:The Blueshirt GroupJennifer Jarman,
+1-415-217-5866jennifer@blueshirtgroup.com
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