Immersion Signs License Agreement with Panasonic Avionics Adding Haptics to In-flight Entertainment System Devices
May 21 2019 - 4:05PM
Business Wire
Immersion Corp. (NASDAQ:IMMR), the leading developer and
licensor of touch feedback technology, today announced it has
signed a license agreement with Panasonic Avionics Corporation. The
agreement provides Panasonic Avionics with access to Immersion’s
patented haptic technology for use in in-flight entertainment
systems.
Increasingly, haptics are enabling the non-mechanical buttons to
enhance the human-to-machine interface on flat surfaces. Adding
tactile feedback to Panasonic Avionics handsets via their
touchscreens, touchpads, and buttons, brings the sensation of the
real world to these digital devices and provides a more intuitive
interface for the traveler.
“By incorporating haptics into in-flight entertainment systems,
Panasonic Avionics is able to modernize the experience and make
access to the system more intuitive and engaging. As capacitive
touch buttons provide feedback, the person will know if the buttons
have been activated,” said Ramzi Haidamus, Immersion’s CEO. “We are
pleased to work with Panasonic Avionics and look forward to seeing
how the company continues to enhance its in-flight systems with
touch 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 3,600 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 haptics are
enabling the non-mechanical buttons to enhance the human-to-machine
interfaces; the statement that adding tactile feedback to handsets
brings the sensation of the real world to these digital devices and
provides a more intuitive interface for the traveler; and Mr.
Haidamus’ statement that incorporating haptics into in-flight
entertainment systems enables the modernization of the experience
and makes access to the system more intuitive and engaging.
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 Panasonic Avionics Corporation);
unanticipated difficulties and challenges encountered in
implementation efforts by Immersion's licensees (including
Panasonic Avionics Corporation); unanticipated changes in the
avionics 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 avionics 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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version on businesswire.com: https://www.businesswire.com/news/home/20190521005024/en/
Media Inquiries:ImmersionLinda Quach,
+1-408-350-8832lquach@immersion.comorInvestor Inquiries:The
Blueshirt GroupJennifer Jarman,
+1-415-217-5866jennifer@blueshirtgroup.com
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