Immersion Signs Multi-Year License Renewal With ALPS

ALPS will continue licensing Immersion’s haptics IP for automotive applications

SAN JOSE, Calif.--()--Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology, today announced that it has renewed a multi-year license agreement with ALPS Electric Co. Ltd., a multinational corporation headquartered in Tokyo, Japan. Building on a longstanding relationship the companies formed in 2000, ALPS has licensed Immersion’s haptics IP for its automotive control devices.

Immersion's technology appeals to users' sense of touch through high-quality tactile effects and feedback in user interfaces and applications. Increasingly, tactile effects are being designed into automotive applications, enhancing in-vehicle controls for operations such as climate control and entertainment.

“We are excited to continue working with ALPS as they integrate haptics into the user interface of its automotive applications,” said Nobumitsu Shimada, Immersion’s Representative Director and Country Manager, Japan.

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.

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 technology, future collaboration between Immersion and its customers, including ALPS, and the continuing incorporation by ALPS of Immersion’s technology into its products.

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 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 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)

Contacts

Media Inquiries:
Edelman
Colleen Kuhn, 650-762-2804
colleen.kuhn@edelman.com
or
Investor Inquiries:
The Blueshirt Group
Jennifer Jarman, +1-415-217-5866
jennifer@blueshirtgroup.com

Contacts

Media Inquiries:
Edelman
Colleen Kuhn, 650-762-2804
colleen.kuhn@edelman.com
or
Investor Inquiries:
The Blueshirt Group
Jennifer Jarman, +1-415-217-5866
jennifer@blueshirtgroup.com