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IMMR...Immersion Signs Agreement to Make Haptic Technology Licenses Available Through Vishay Intertechnology

January 09 2023

Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today announced it has signed a license agreement with Vishay Intertechnology, Inc. (NYSE: VSH)(“Vishay”) to bundle Immersion haptic patent licenses for purchasers of Vishay’s solenoid-based haptic actuators, streamlining the design-in process for Vishay’s game-changing technology.

“We are very pleased to establish a partnership with Vishay,” said Eric Singer, Immersion’s President and CEO. “We look forward to working with Vishay to ensure that OEMs have easy access to our haptic technology.”

“We are excited to have this unique opportunity with Immersion to offer licensed, solenoid based haptic actuators to our customers,” said Mike Husman, Senior VP of the Inductors Business Segment of Vishay. “Our haptic actuators provide excellent performance to enable our customers to cost effectively implement near HD quality haptic technology to many new and existing applications. This license agreement makes it easy for customers to have an Immersion license just by purchasing from Vishay. No separate agreement and associated costs are needed between our end customer and Immersion.”