Immersion Signs License Agreement with Panasonic Avionics Adding Haptics to In-flight Entertainment System Devices

SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corp. (NASDAQ:IMMR), the leading developer and licensor of
touch feedback technology, today announced it has signed a license
agreement with Panasonic Avionics Corporation. The agreement provides
Panasonic Avionics with access to Immersion’s patented haptic technology
for use in in-flight entertainment systems.

Increasingly, haptics are enabling the non-mechanical buttons to enhance
the human-to-machine interface on flat surfaces. Adding tactile feedback
to Panasonic Avionics handsets via their touchscreens, touchpads, and
buttons, brings the sensation of the real world to these digital devices
and provides a more intuitive interface for the traveler.

“By incorporating haptics into in-flight entertainment systems,
Panasonic Avionics is able to modernize the experience and make access
to the system more intuitive and engaging. As capacitive touch buttons
provide feedback, the person will know if the buttons have been
activated,” said Ramzi Haidamus, Immersion’s CEO. “We are pleased to
work with Panasonic Avionics and look forward to seeing how the company
continues to enhance its in-flight systems with touch technology.”

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 that haptics are enabling the
non-mechanical buttons to enhance the human-to-machine interfaces; the
statement that adding tactile feedback to handsets brings the sensation
of the real world to these digital devices and provides a more intuitive
interface for the traveler; and Mr. Haidamus’ statement that
incorporating haptics into in-flight entertainment systems enables the
modernization of the experience and makes access to the system more
intuitive and engaging.

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 Panasonic Avionics Corporation); unanticipated difficulties
and challenges encountered in implementation efforts by Immersion’s
licensees (including Panasonic Avionics Corporation); unanticipated
changes in the avionics 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 avionics 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:
Immersion
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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