Immersion Signs License Agreement With Toyodenso to Add Haptics to Automotive Solutions
July 17 2018 - 8:30AM
Business Wire
Immersion Corporation (NASDAQ:IMMR), the leading developer and
licensor of touch feedback technology, today announced that it
signed a license agreement with Toyodenso Co., Ltd. The agreement
provides Toyodenso, based in Tokyo, Japan, with access to
Immersion’s patented haptic technology for use in its automotive
solutions.
Haptics brings heightened realism and powerful feedback
mechanisms to in-vehicle touch interfaces. When used in automotive
systems such as entertainment, navigation and climate control,
haptics can create a more intuitive experience and reduce driver
distractions. In addition, haptics offers designers flexibility to
create unique, highly customized interior design throughout the
car.
“We are pleased to announce Toyodenso as our latest automotive
licensee and look forward to its innovative integration of haptics
into its automotive interfaces,” said Nobumitsu Shimada,
Immersion’s Senior Director, Field Sales, APAC. "Tactile feedback
is powerful and greatly enhances the driving experience. This is
important as more vehicles incorporate advanced systems such as
center touchscreens and sensory-based 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 3,000 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.
About Toyodenso
Headquartered in Japan, TOYODENSO is a global automotive,
motorcycle, and power product components manufacturer. TOYODENSO
boasts 10,225* employees across 6 production bases and 4 R&D
bases in 5 countries around the world. TOYODENSO is an important
partner and a supplier with the trust of the world's top-class
major automobile manufacturers. TOYODENSO is ISO 14001
(Environmental Management System), ISO / TS 16949 (Automobile
Production Quality Management System). For additional information
about TOYODENSO, please visit: https://www.toyo-denso.co.jp/.
*Number of consolidated employees as of December 2017.
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 brings
heightened realism and powerful feedback to touch interfaces, the
statement that haptics in automotive systems create a more
intuitive interface and reduce driver distractions, the statement
that haptics offers designers flexibility to create unique and
highly customized interior design, and Mr. Shimada’s statements
concerning the importance of haptics to the driving experience.
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 Toyodenso); unanticipated difficulties
and challenges encountered in implementation efforts by Immersion's
licensees (including Toyodenso); unanticipated changes in the
automotive 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 automotive 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/20180717005020/en/
Media Inquiries:Linda Quach,
+1-408-350-8832lquach@immersion.comorInvestor Inquiries:The
Blueshirt GroupJennifer Jarman,
+1-415-217-5866jennifer@blueshirtgroup.com
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