Immersion and Sony Interactive Entertainment Enter into Licensing Agreement for Advanced Haptics

SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corp. (NASDAQ: IMMR), the leading developer and licensor of
advanced touch feedback technology, today announced that it has signed
an agreement with Sony Interactive Entertainment (“SIE”) to license
Immersion’s advanced haptics patent portfolio. Under the agreement, SIE
can also leverage Immersion’s haptics technology for gaming controllers
and VR controllers.

Integrating high-quality touch effects into devices brings gaming to a
whole new level, creating sensations of pushing, pulling, grasping, and
pulsing. Adding the sense of touch to games heightens the experience and
keeps players engaged. “Research shows that haptics makes games come to
life, increasing players’ satisfaction and enjoyment through peripherals
and games enhanced with the power of touch,” said Ramzi Haidamus,
Immersion’s CEO. “We are thrilled to work with SIE, a true pioneer in
gaming, to provide incredible experiences to their customers.”

“We are pleased to reach agreement with Immersion,” said Riley Russell,
Chief Legal Officer, Sony Interactive Entertainment. “High quality
haptics technology enhances the sense of presence and immersion for
gamers, and this agreement is consistent with SIE’s desire to provide
the best gaming experiences to gamers around the world.”

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 3,500 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

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 SIE can leverage Immersion’s haptics
technology for gaming and VR controllers, the statement that
high-quality touch effects bring gaming to a new level, heightens the
experience, and keeps players engaged, Mr. Haidamus’ statement that
haptics makes games come to life and increases players’ satisfaction and
enjoyment, and Mr. Haidamus’ statement concerning Immersion’s work with
SIE to provide incredible experiences to SIE’s customers.

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 SIE); unanticipated difficulties and challenges encountered
in implementation efforts by Immersion’s licensees (including SIE);
unanticipated changes in the gaming 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 gaming 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

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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