Integrated Haptics Available to Electronics Manufacturers to Power User Experiences
Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced that NXT plc, a provider of unique sound solutions, best known for its flat panel loudspeaker technology, has licensed Immersion''s TouchSense® haptics technology. The agreement will enable NXT to integrate touch feedback effects in audio-haptic solutions offered to original equipment manufacturers for touchscreen and touchpanel applications.
"Our haptics technology is a key complement to NXT''s solutions,” said Craig Vachon, senior vice president and general manager of Immersion''s Touch line of business. "We''re pleased to partner with them to extend the power of our TouchSense technology to even more innovative applications.”
NXT is expert in the field of bending wave physics and licenses its technology for flat panel loudspeakers to companies around the world. Applications include audio systems, TVs, PCs, and a wide array of touchscreens where audio and touch are important to the user interface.
Peter Thoms, NXT chief executive officer, said, "having developed our physics-based bending wave haptics technology to the point of near optimum performance, I am delighted to be signing this agreement with Immersion, since it gives NXT access to Immersion''s complementary technologies. Working with Immersion, the recognized leader in touch feedback technology, we look forward to developing the total market for haptic feedback-enabled touch devices by delivering genuinely differentiated products that will enhance user experiences across countless applications.”
About NXT(www.nxtsound.com)
NXT''s commitment to inventiveness in sound and touch has enabled it to deliver new technologies already deployed in audio systems, TVs, PCs and laptops, mobile phones, PA systems, cars, aircraft and in public buildings and facilities around the world. With its unique portfolio of patented technologies and unparalleled expertise in the field of bending wave physics, NXT helps its partners invent, create and market innovative sound solutions that offer sustainable differentiation. NXT is fully listed on the London Stock Exchange (symbol NTX) and has operations in the UK, Hong Kong, Japan and the USA.
About Immersion (www.immersion.com)
Haptic (touch) technology is key to the future of user experience in digital devices. Founded in 1993, Immersion harnesses human touch to create user experiences that deliver a more compelling sense of the digital world. Using one of Immersion''s adaptable high fidelity haptic systems, partners can achieve a competitive advantage and greater revenue opportunities with products that are more intuitive, satisfying, efficient, and safe. With Immersion technology, world-class companies can deliver improved user experiences in products such as widely popular video games, leading video console gaming systems, advanced automotive driver controls, and award-winning mobile phones. Immersion manufactures its own line of medical simulators that incorporate touch technology. These virtual reality training tools, installed around the world, enable practitioners to improve their practice of sophisticated life-saving surgical procedures prior to operating on patients. With over 800 issued or pending patents in the U.S. and other countries, Immersion is the leading innovator in touch-enabled user experiences that bring the digital universe to life.
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 the statement regarding NXT being able to integrate touch feedback effects into audio-haptic solutions, the statement that the integration of Immersion haptics technology with NXT audio solutions offers customers innovative technology that will set great products apart, the statement that haptic (touch) technology is the future of user experience in digital devices, the statement that partners can achieve a competitive advantage and greater revenue opportunities using Immersion''s haptic systems, any statements regarding the capabilities of Immersion''s products, and any statement or assumptions underlying any of the foregoing. Immersion''s actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business, which include, but are not limited to, the effects of the current macroeconomic climate, delay in or failure to achieve commercial demand for our products, a delay in or failure to achieve the acceptance of force feedback as a critical user experience, and unanticipated difficulties and challenges encountered in product development efforts or in connection with Immersion''s license with NXT plc; those risks resulting from Immersion''s ongoing analysis of Immersion''s accounting method regarding revenue recognition; other accounting adjustments that may result from review of Immersion''s financial statements for the periods in question; Immersion''s ability to timely file any required amended periodic reports reflecting any restated financial statements; the ramifications of Immersion''s potential inability to timely file required reports; potential claims and proceedings relating to such matters, including stockholder litigation and action by the SEC or other governmental agencies; and negative tax or other implications for Immersion resulting from the accounting adjustments; and other factors. 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 our most current Form 10-Q, which is on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release reflect our beliefs and predictions as of the date of this release. We disclaim 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 – T)
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