fbpx

Immersion Enters Into License Agreement With Calsonic Kansei to Incorporate Haptics Technology in Automotive Interfaces

Immersion (NASDAQ:IMMR), the leading developer and licensor of touch
feedback technology, today announced that it has signed a license
agreement with Calsonic Kansei Corp. (“Calsonic Kansei”), providing
Calsonic Kansei with access to Immersion’s patented haptic technology
for use in Calsonic Kansei’s automotive solutions. Calsonic Kansei is a
leading supplier of automotive components, including cockpit systems,
thermal systems, exhaust systems and advanced electronic products.
Nissan-Renault-Mitsubishi Alliance is the primary customer for Calsonic
Kansei, which also supplies a variety of other automotive groups
including Isuzu, Mazda, VAG and General Motors.

Immersion’s technology enhances in-vehicle interfaces and applications.
Increasingly, haptics are designed into automotive applications as more
vehicles incorporate advanced systems, such as large touch screens and
sensory-based technology, to streamline the vehicle design and reduce
the need for physical buttons and knobs.

“We are pleased that Calsonic Kansei is a new licensee, differentiating
its automotive systems with our touch technology,” said Nobumitsu
Shimada, Immersion’s Sr. Director, Field Sales, APAC. “Tactile feedback
in a vehicle’s touch surfaces helps reduce driver distraction,
increasing the opportunity for drivers to keep their eyes on the road.”

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 3,000 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.

About Calsonic Kansei

Headquartered in Japan, Calsonic Kansei is a global automotive
components manufacturer. With 22,424* employees at 79 production plants
and 14 R&D bases in 15 countries, Calsonic Kansei is an important
partner to automotive manufacturers across the world and is proud to
supply the world’s leading automotive brands.

All Calsonic Kansei plants, our Testing Research Center, R&D Center, and
Headquarters have obtained ISO 14001 Environment Management System
certification, and all Calsonic Kansei plants have obtained ISO/TS 16949
Quality Management System certification for the automotive industry. For
additional information about Calsonic Kansei Corporation, please visit
Calsonic Kansei’s website at www.calsonickansei.co.jp/english/index.html.*Consolidated.
As of March 2017.

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 Immersion’s technology enhances
in-vehicle interfaces and applications, the statement that haptics are
increasingly being designed into automotive applications, the statement
that more vehicles are incorporating advanced systems such as large
touch screens and sensory-based technology to streamline the vehicle
design and reduce the need for physical buttons and knobs, and Mr.
Shimada’s statements regarding Immersion’s touch technology and tactile
feedback in automotive vehicles.

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 Calsonic Kansei); unanticipated difficulties and challenges
encountered in implementation efforts by Immersion’s licensees
(including Calsonic Kansei); unanticipated changes in the automotive
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 automotive 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.

(IMMR – C)

View source version on businesswire.com: https://www.businesswire.com/news/home/20180618005221/en/