IMMERSION CORPORATION (NASDAQ:IMMR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On January26, 2018, Immersion Corporation (“Immersion”) entered into a Settlement and License Agreement (the “Settlement and License Agreement”) with Apple, Inc. (“Apple”), to which the parties have agreed to terms for resolving all of their existing disputes, and entered into a multi-year license agreement covering certain Immersion patents in exchange for cash with an option to extend the term until the expiration of the last licensed patent.
to the Settlement and License Agreement, Immersion and Apple have agreed to terms for dismissal by them of all outstanding litigation and other proceedings between these companies and their affiliates, including, without limitation, the consolidated investigation by the United States International Trade Commission, the civil actions filed in the District Court for the District of Delaware, and the action in the Beijing High People’s Court. In addition, Apple will request the termination of the inter parte reviews by the Patent Trial and Appeal Board of U.S. Patent No.7,808,488, U.S. Patent No.8,581,710 and U.S. Patent No.7,336,260 and the Requests for Reexaminations and Invalidation at the State Intellectual Property Office of the People’s Republic of China of Chinese Patent No. ZL02821854.X and Chinese Patent No. ZL200810008845.X.
| Item 1.01 | Financial Statements and Exhibits. |
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| 99.01 | Press Release dated January29, 2018 |
IMMERSION CORP ExhibitEX-99.01 2 d463858dex9901.htm EX-99.01 EX-99.01 Exhibit 99.01 IMMERSION REACHES GLOBAL SETTLEMENT WITH APPLE SAN JOSE,…To view the full exhibit click here
About IMMERSION CORPORATION (NASDAQ:IMMR)
Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial. It provides advanced tactile software, related tools and technical assistance to certain customers, and offers licenses to its patented IP to other customers. Its licenses enable customers to deploy haptically-enabled devices, content and other offerings, which they sell under own brand names. It holds patents, covering digital technologies and including ways in which touch-related technology can be incorporated into and between hardware products and components, systems software, application software, and digital content.