SAN JOSE, Calif. & SEOUL, South Korea--(EON: Enhanced Online News)--Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology, today announced that it has renewed a license agreement with LG Electronics, Inc., one of the world's largest providers of mobile devices. Building on an agreement the two companies signed in 2014, the new three-year extension provides a worldwide license for LG to use Immersion's TouchSense technology and Basic Haptics patents in its smartphones, tablets and fitness bands.
“Haptics technology helps mobile OEMs differentiate their devices, making content more exciting and engaging for their customers. We look forward to continuing our work with LG, a valued partner that has shown how haptics creates an impactful mobile experience for consumers”
Immersion's TouchSense technology enables device manufacturers to appeal to users' sense of touch by incorporating high-quality tactile effects and feedback in user interfaces and applications to simulate the connected experiences of the real world. With TouchSense technology, device manufacturers, app developers and UX designers can design high-quality, power-efficient tactile effects that enhance the user experience for mobile apps and device UI.
“Haptics technology helps mobile OEMs differentiate their devices, making content more exciting and engaging for their customers. We look forward to continuing our work with LG, a valued partner that has shown how haptics creates an impactful mobile experience for consumers,” said Victor Viegas, President and CEO of Immersion.
For mobile OEMs in the Android ecosystem, the TouchSense product family provides all it takes to design and implement the highest quality haptics across handset UI elements and apps:
TouchSense 3000 is Immersion’s best-in-class end-to-end solution to design, enable, and optimize high-fidelity haptics in mobile handsets. The product package includes haptic software design tools and framework, reference guides, and on-site UX design services and FAE support, as well as intellectual property rights based on Immersion's comprehensive patent portfolio.
TouchSense 3000 EES, another member of the TouchSense product family, offers similar benefits, but in addition has proprietary technology built in to particularly address the requirements of ERMs, which are among the most popular choices of actuator in the handset market.
For a basic haptic experience, mobile OEMs can license the Basic Haptics patent portfolio and implement their own form of simple non-pressure related haptics, such as the non-pressure related haptics available in the Android OS.
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 2,300 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.
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 LG’s mobile devices with Immersion’s TouchSense technology, and the future collaboration between Immersion and LG.
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 lack of market demand for Immersion’s technologies. 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.
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