BARCELONA, Spain–(BUSINESS WIRE)–MOBILE WORLD CONGRESS – Immersion Corporation (NASDAQ:IMMR), the
leading developer and licensor of touch feedback technology, announced
that it has signed a license agreement with Dongwoon Anatech Co Ltd.
(Dongwoon) to make Immersion haptic patent licenses available to mobile
phone and wearable OEMs through Dongwoon.
Dongwoon, based in Korea, creates analog integrated circuits (ICs) for
phones, wearables, and other electronic devices. Under the agreement,
mobile phone and wearable OEMs that acquire certain Dongwoon haptic
driver ICs will have seamless access to Immersion’s 25 years of haptic
experience and portfolio of more than 3,500 patents. The license
simplifies the haptic technology acquisition process by making available
a wide variety of haptic features, including mechanical button
replacement, automated generation of haptics based on audio,
multi-actuator support, and pressure-based haptics.
“We are thrilled to establish a partnership with Dongwoon,” said Ramzi
Haidamus, Immersion’s CEO. “As the adoption of haptics increases in
markets all over the world, this partnership is an essential component
of our strategy to meeting that demand, ensuring OEMs have easy access
to haptic technology and IP.”
“Our customers demand powerful haptic technology and simplified sourcing
of haptic patent licenses,” said DC Kim, Dongwoon’ s CEO. “This
agreement enables our customers to realize their haptic vision and
enhances our products’ competitiveness in the growing haptic market.”
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 www.immersion.com.
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 the adoption of haptics
increasing in markets all over the world.
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 Dongwoon Anatech); unanticipated difficulties and challenges
encountered in implementation efforts by Immersion’s licensees
(including Dongwoon Anatech); unanticipated changes in the IC industry
or the mobile phone/wearable markets; 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.
The use of the word “partner” or “partnership” 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.
Dongwoon Anatech was established in 2006 as a company specialized in
best class haptic driver IC, analog and power driver IC, based on more
than 20 years of experience in the semiconductor industry. As one of the
leading Korean fabless companies, Dongwoon Anatech is striving for
continuous improvement and innovation to be the world’s best analog
semiconductor company. Dongwoon Anatech has developed haptic driver IC,
AF and OIS driver ICs, and Display power ICs. Dongwoon Anatech is proud
that our products are being supplied to most of world top mobile phone
companies, which is a rare case for a newly emerging company.
(IMMR – C)