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 reports developments tied to its haptics technology business, financial reporting status, and public-company governance. The company provides touch feedback technology for mobile, automotive, gaming, and consumer electronics, with a licensing model tied to haptic software, royalties, license fees, and related development services. Its updates also reflect the completed acquisition of a controlling interest in Barnes & Noble Education, whose bookstore, wholesale, and inventory-management operations are included in Immersion's consolidated reporting.
Recurring announcements cover Nasdaq filing-compliance notices, delayed Form 10-K and Form 10-Q reporting, restatement-related financial reporting matters, quarterly results, capital returns through dividends and buybacks, shareholder rights-plan activity, and shareholder cooperation agreements.
Immersion Corporation (NASDAQ: IMMR) has entered into a multi-year license agreement with Faurecia, granting the automotive technology leader access to its innovative haptic technologies. This partnership aims to enhance user interfaces in vehicles by enabling advanced tactile feedback systems. As per IHS Markit, the integration of haptic technology is expected to become standard in automobiles, with touch-enabled displays anticipated to reach 95% by 2026. This agreement showcases Immersion's commitment to advancing automotive human-machine interface solutions.
Immersion Corporation (NASDAQ: IMMR) announced its involvement in the ANA Avatar XPRIZE, a competition to create an Avatar System enabling remote experiences in real-time. Currently, 77 teams are competing, promoting innovative technology that enhances sensory interactions across distances. Immersion's haptic technology is key for developing realistic touch experiences, vital for operators to interact within remote environments. The initiative aims to facilitate authentic connections and improve daily lives through immersive experiences.
Immersion Corporation (NASDAQ: IMMR) will release its third-quarter financial results on November 5, 2020, after market close. A conference call for analysts and investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET), where participants can join by dialing 800-289-0438 with conference ID 9501219. A replay of the call will be available until November 10, 2020, at 888-203-1112, using the same ID. The call can also be accessed via a webcast on Immersion's Investor Relations website.
Immersion Corporation (NASDAQ: IMMR) has announced a multi-year license renewal with LG Electronics for its TouchSense® software and haptic technologies effective immediately. This renewal underscores the significance of haptics in enhancing user experience in mobile devices. TouchSense software optimizes haptic performance, allowing manufacturers to quickly implement high-quality tactile effects. The financial terms of the agreement remain confidential, but they align with Immersion’s per-unit royalty structure, indicating potential stable revenue streams.