SAN JOSE, Calif. & LA GRANGE, Ill.--(BUSINESS WIRE)--
Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology, today announced that it has signed a patent license agreement with Grayhill, Inc., a designer and manufacturer of a broad line of intuitive human interface components and custom solutions.
The new agreement provides Grayhill with access to Immersion's portfolio of over 2,300 haptic patents and applications for use in touchscreens, touchpads, and touch-enabled user interface panels.
“We are thrilled to have the substantial commitment of a major supplier of human interface solutions,” said Mike Davis, Vice President of Intellectual Property Licensing and Business Development at Immersion. “Immersion’s haptic technology has transformed the user experience in mobile, gaming, automotive and medical industries, and we are excited to have Grayhill bring our technology to medical, off-highway and a variety of other industrial applications.”
Brian May, President of Grayhill, added, “Our agreement with Immersion re-enforces our belief that haptic feedback is vital to an intuitive user interface. The ability to tune the haptic feedback to each user’s preference using software will also enhance the user experience and provide our customers with important product differentiators.”
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 2,300 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.
About Grayhill
Grayhill, Inc. is a privately held firm which designs and manufacturers intuitive human interface solutions that make life simpler, safer and more efficient. Standard products include optical and hall effect encoders, discrete and hall effect joysticks, rotary switches, keypads, and pushbuttons; all with finely tuned haptics. Grayhill specializes in creating ergonomic panels and product shells that integrate various interface technologies, including displays, our components, and gesture recognizing multi-touch technology. With headquarters in La Grange, Illinois, and multiple state-of-the-art facilities around the world, Grayhill’s team has the full engineering, product development and manufacturing expertise to deliver both standard and customized products quickly and cost-effectively. To learn more, please visit us at www.grayhill.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 that Grayhill’s adoption of our haptic technology provides the power of touch effects to enhance user interfaces and statements regarding haptic feedback being essential to an intuitive user interface.
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, the risk that competing technologies may reduce demand for Immersion’s haptic technology, 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 commercial demand for Immersion's products or third-party products incorporating 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.
The use of the word “partner” in this press release does not mean a legal partner.
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.
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