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Message #1478
From: Stock News Bot
Date: August 25, 2008 06:51:53 PM

IMMR Stock: Immersion and Internet Services Settle Litigation

Immersion Corporation (NASDAQ:IMMR stock), the leading developer and licensor of touch feedback technology, announced that it settled its litigation against Internet Services, LLC (ISLLC). The companies also amended an existing business agreement under confidential terms.

ISLLC filed its original claims against Immersion in October 2004 in the United States District Court for the Northern District of California. After defeating ISLLC’s claims for a share of the proceeds Immersion received from the lawsuit against Sony Computer Entertainment and Microsoft, the only claims remaining in the latest action were Immersion's counterclaims against ISLLC. Trial was set to begin on September 15, 2008.

"We are pleased to resolve our outstanding dispute with ISLLC and to put this litigation behind us," said Immersion president and CEO Clent Richardson. "We now take our focus to protecting our intellectual property in the gaming, mobility and medical markets and to driving growth in our chosen markets around the world in medical, touch interface, gaming and mobility."

About Immersion (www.immersion.com)

Founded in 1993, Immersion Corporation is the recognized leader in developing, licensing, and marketing digital touch technology and products. Using Immersion’s advanced touch feedback technology, electronic user interfaces are more compelling, entertaining, and in many applications, safer and more productive. Immersion’s technology has helped manufacturers develop innovative and creative solutions for products such as hundreds of video games and leading video console gaming systems, medical training simulators installed around the world, driver controls for automotive manufacturers, and mobile phones, such as those from LG and Samsung. Immersion’s patent portfolio includes over 700 issued or pending patents in the U.S. and other countries.

Immersion and the Immersion logo are trademarks of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners.

A&R Edelman
Angie Ayala, +1 650-762-2952
aayala@ar-edelman.com

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