Immersion Signs License Agreement With Nintendo To Continue To Make Immersion's Patents Available To Nintendo And Its Affiliates
Portfolio Pulse from Benzinga Newsdesk
Immersion Corporation (IMMR) has renewed its license agreement with Nintendo Co., Ltd. (NTDOY), allowing Nintendo continued access to Immersion's haptic technology patents. Immersion's President and CEO, Eric Singer, expressed pleasure in continuing the partnership.
March 04, 2024 | 2:02 pm
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Immersion Corporation renews its license agreement with Nintendo, allowing continued use of its haptic technology patents.
The renewal of the license agreement with Nintendo, a major player in the gaming industry, is likely to be viewed positively by investors. It ensures ongoing revenue from licensing fees and strengthens Immersion's position in the haptic technology market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Nintendo continues its access to Immersion's patents for haptic technology, under a renewed license agreement.
For Nintendo, the renewal of the license agreement ensures continued access to cutting-edge haptic technology, which can enhance the gaming experience and potentially boost sales of Nintendo products that utilize this technology.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70