Immersion Renews Dongwoon Anatech to Multi-Year License
Immersion Corporation (NASDAQ: IMMR) has renewed a multi-year licensing agreement with Dongwoon Anatech, focusing on haptic technology for mobile, wearable, and PC OEMs. This partnership aims to facilitate easier access to Immersion’s haptic patents, aligning with the growing demand for haptic solutions worldwide. Nobumitsu Shimada, a representative of Immersion, emphasized the importance of this relationship in meeting market demands. Immersion's innovations in haptics aim to enhance digital interactions across various sectors.
- Renewed multi-year license with Dongwoon Anatech, expanding access to haptic technology for OEMs.
- Strengthened market presence in burgeoning haptic technology sector.
- Potential risks associated with reliance on licensing agreements for revenue.
- Ongoing market uncertainties and impacts from the COVID-19 pandemic could affect future growth.
“As the adoption of haptics increases in markets all over the world, this business relationship is an important component of our strategy to meeting that demand, ensuring OEMs have easy access to haptic technology and IP,” said
About Immersion
Forward-looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements involve risks and uncertainties. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “places,” “estimates,” and other similar expressions. However, these words are not the only way we identify forward-looking statements. Examples of forward-looking statements include any expectations, projections, or other characterizations of future events, or circumstances, and include statements regarding the adoption of haptics increasing in markets all over the world.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results could differ materially from those projected in the forward-looking statements, therefore we caution you not to place undue reliance on these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the inability to predict the outcome of any litigation, the costs associated with any litigation and the risks related to our business, both direct and indirect, of initiating litigation, the effects of the COVID-19 global pandemic on us and our business, and on the business of our suppliers and customers; unanticipated changes in the markets in we operate; the effects of the current macroeconomic climate (especially in light of the ongoing adverse effects of the COVID-19 global pandemic); delay in or failure to achieve adoption of or commercial demand for our products or third party products incorporating our technologies; the inability of us to renew existing licensing arrangements, or enter into new licensing arrangements on favorable terms; the loss of a major customer; the ability us to protect and enforce our intellectual property rights and other factors. 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 our Annual Report on Form 10-K for 2021 and in our most recent Quarterly Report on Form 10-Q which are on file with the
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