Immersion Signs License Agreement With Meta Platforms To Make Immersion's Patents Available To Meta And Its Affiliates' Hardware, Software, VR And Gaming Products
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Immersion Corporation has entered into a licensing agreement with Meta Platforms, granting Meta and its affiliates access to Immersion's patents. These patents will be utilized across Meta's hardware, software, virtual reality (VR), and gaming products.
February 14, 2024 | 1:09 pm
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POSITIVE IMPACT
Immersion Corporation's licensing agreement with Meta Platforms could potentially increase Immersion's royalty revenues and enhance its market position.
The licensing agreement with a tech giant like Meta Platforms is likely to result in increased royalty revenues for Immersion. This partnership also enhances Immersion's market position by associating its patents with Meta's wide range of products.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms' licensing agreement with Immersion Corporation allows Meta to enhance its hardware, software, VR, and gaming products with Immersion's patented technologies.
By licensing Immersion's patents, Meta Platforms can incorporate advanced technologies into its products, potentially improving user experience and product competitiveness in the tech market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80