Immersion Corporation Announces Litigation Settlement, Including Patent and Technology License Agreement

SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor
of touch feedback technology, today announced that it agreed to enter
into a settlement and license agreement with Samsung Electronics Co.,
Ltd., resolving the global patent infringement litigation brought by
Immersion against Samsung.

“We are delighted to have resolved this litigation and to grant Samsung
a license for our patents and advanced haptic technologies,” said Ramzi
Haidamus, president and chief executive officer of Immersion. “We are
excited to start a new chapter in our partnership with Samsung aimed at
delivering high quality haptics in their mobile devices.”

While the terms of the agreement are confidential, the overall
settlement and license fall in line with Immersion’s business model of
quarterly payments and revenue recognition.

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 regarding a new chapter in our partnership
with Samsung.

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 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, 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. The use of the
word “partner” or “partnership” in this press release does not mean a
legal partner.

(IMMR – C)


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