Welcome to our dedicated page for Immersion news (Ticker: IMMR), a resource for investors and traders seeking the latest updates and insights on Immersion stock.
Immersion Corporation (NASDAQ: IMMR) is a leading innovator in touch feedback technology, commonly known as haptics. The company, headquartered in San Jose, California, excels in creating immersive and realistic experiences that enhance digital interactions. Its haptic technologies have been integrated into over 3 billion digital devices worldwide, including mobile phones, automotive systems, gaming consoles, medical equipment, and consumer electronics.
Immersion's core business revolves around the creation, design, development, and licensing of haptic technologies. These technologies empower users to engage more deeply with the digital world, making interactions feel more personal and vivid. The company's software is widely used in applications for mobile devices, wearables, consumer electronics, and gaming devices. Immersion generates revenue primarily through royalty and license fees, in addition to development contract and service fees.
Geographically, the company derives the majority of its revenue from Japan, followed by significant contributions from Korea, Germany, the United States, and other countries. Immersion's global reach is facilitated by its offices around the world, which provide comprehensive services and support, as well as flexible licensing options to industry-leading electronics companies.
Recent achievements by Immersion include advancements in haptic technology that further enhance user experience and new partnerships with major electronics manufacturers. The company continues to focus on innovation, aiming to make digital interactions more meaningful and engaging.
For more information and the latest updates, visit Immersion Corporation.
Turtle Beach Corporation (Nasdaq: HEAR) disclosed its ongoing disputes with Immersion Corporation (Nasdaq: IMMR) regarding board nominations and governance. Despite multiple counterproposals aimed at avoiding a costly proxy contest, Immersion rejected Turtle Beach's offers, including the appointment of two of its nominees to the board and the formation of a Value Enhancement Committee.
The board's recent refresh resulted in a 4-year average tenure, with 9 experienced directors overseeing the company. Turtle Beach emphasized its commitment to shareholder interests, contrasting its collaborative approach with Immersion's antagonistic stance, which has been described as wasting shareholder capital. The company remains open to further engagement as it prioritizes operational oversight and shareholder value creation.
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