Immersion Appoints Jared Smith as Vice President of Worldwide Sales

SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (Nasdaq: IMMR), the leading developer and licensor
of touch feedback technology, today announced the appointment of Jared
Smith as the company’s Vice President of Worldwide Sales. In this
executive role, Jared will lead Immersion’s worldwide sales and business
development organization.

“The transformation of Immersion into a world-class technology provider
continues, and Jared brings tremendous sales and technology licensing
leadership experience to the company,” commented Ramzi Haidamus,
Immersion CEO. “He’s an outstanding fit as we move to execute on our
technology and licensing strategy in automotive, gaming, mobile, and
IoT. I’m excited to have him join our team.”

Jared has served in sales, business development, and partnership
executive roles for over 20 years in the technology industry. Prior to
joining Immersion, Jared was Vice President, Strategic Alliances at Arm
Ltd., where he led adoption of Arm’s technologies with OEMs and service
providers in the mobile, infrastructure, and IoT market verticals.
Earlier in his career, Jared was VP of Licensing and Business
Development at Rambus Inc., where he negotiated and closed major IP
license agreements with a range of leading OEM and technology companies
including Samsung, Panasonic, and Toshiba.

“I’m excited to join and play a leading role driving Immersion’s
future,” said Smith. “I especially look forward to working with
Immersion’s customers and partners globally to bring new digital
experiences to their end users.”

Jared holds a bachelor’s degree in chemical engineering from the
University of Michigan and an MBA from Santa Clara University.

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 regarding transformation of Immersion into
a world-class technology provider continues, and the statement regarding
Immersion’s technology and licensing strategy.

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;
unanticipated difficulties and challenges encountered in implementation
efforts by Immersion’s licensees; unanticipated changes in the markets
in which Immersion operates; 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:
Linda Quach
+1-408-350-8832
[email protected]
or
Investor
Inquiries:
The Blueshirt Group
Jennifer Jarman
+1-415-217-5866
[email protected]

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