Immersion Enters Into Multi-Year License with Samsung; Updates Revenue Guidance

  Immersion Enters Into Multi-Year License with Samsung; Updates Revenue
  Guidance

Broad relationship covers both TouchSense & Integrator software solutions and
                               Basic Haptics IP

Business Wire

SAN JOSE, Calif. -- March 7, 2013

Immersion Corporation (NASDAQ: IMMR), the leader in touch feedback technology
development and licensing, today announced it has entered into a multi-year
license agreement with Samsung Electronics Co., Ltd. In addition to providing
a license to Immersion’s TouchSense® and Integrator solutions, the agreement
includes a patent license covering Samsung’s prior and future use of simple
forms of haptic effects, sometimes referred to as Basic Haptics, in its
smartphones and other mobile devices.

“We are very pleased by Samsung’s broad adoption of our haptic technology, and
we believe that this agreement marks an important milestone in our strategy to
monetize our technology more fully within the mobile market,” said Immersion
CEO Victor Viegas. “Having entered into this important customer agreement, we
are now in a position to raise our 2013 guidance, as we expect revenues for
the year to be in the range of $44 million to $48 million. In addition, while
we continue to anticipate increased spending related to our efforts to defend
and monetize our IP, we expect Adjusted EBITDA for 2013 to be in the range of
$12 million to $15 million,” concluded Mr. Viegas.

About Immersion (www.immersion.com)

Founded in 1993, Immersion (NASDAQ: IMMR) is the leading innovator in haptic
technology; the company's touch feedback solutions deliver a more compelling
sense of the digital world. Using Immersion's high-fidelity haptic systems,
partners can transform user experiences with unique and customizable touch
feedback effects; excite the senses in games, videos and music; restore
"mechanical" feel by providing intuitive and unmistakable confirmation;
improve safety by overcoming distractions while driving or performing a
medical procedure; and expand usability when audio and visual feedback are
ineffective. Immersion's TouchSense technology provides haptics in mobile
phone, automotive, gaming, medical and consumer electronics products from
world-class companies. With over 1,300 issued or pending patents in the U.S.
and other countries, Immersion helps bring the digital universe to life. Hear
what we have to say at blog.immersion.com.

Forward-looking Statements

This press release contains "forward-looking statements" that involve risks
and uncertainties as well as assumptions that, if they never materialize or
prove incorrect, could cause the results of Immersion Corporation and its
consolidated subsidiaries to differ materially from those expressed or implied
by such forward-looking statements.

All statements, other than the statements of historical fact, are statements
that may be deemed forward-looking statements, including, but not limited to
our revenue and Adjusted EBITDA guidance for 2013.

Immersion's actual results might differ materially from those stated or
implied by such forward-looking statements due to risks and uncertainties
associated with Immersion's business, which include, but are not limited to,
potential and actual claims and proceedings, including litigation involving
Immersion’s intellectual property; costs related to enforcing our intellectual
property; the fact that litigation is inherently uncertain; delay in or
failure to achieve commercial demand for Immersion's or its licensees’
products; a delay in or failure to achieve the acceptance of force feedback as
a critical user experience; unexpected difficulties in transitioning to a pure
IP licensing model and in monetizing the patent portfolio; the commercial
success of applications or devices into which Immersion's technology is
licensed; potentially lengthy sales cycles and design processes; unanticipated
difficulties and challenges encountered in development efforts; unexpected
costs; failure to retain key personnel; competition; the impact of global
economic conditions and other factors. Many of these risks and uncertainties
are beyond the control of Immersion.

For a more detailed discussion of these factors, and other factors that could
cause actual results to vary materially, interested parties should review the
risk factors listed in Immersion's most recent Annual Report on Form 10-K,
which is on file with the U.S. Securities and Exchange Commission. The
forward-looking statements in this press release reflect Immersion's beliefs
and predictions as of the date of this release. Immersion disclaims any
obligation to update these forward-looking statements as a result of
financial, business, or any other developments occurring after the date of
this release.

Immersion, the Immersion logo, TouchSense, HD Haptics and Reverb are
trademarks of Immersion Corporation in the United States and other countries.
All other trademarks are the property of their respective owners.

The use of the word "partner" or "partnership" in this press release does not
mean a legal partner or legal partnership.

Contact:

Edelman
Reagan Crossley, +1 650-762-2955
reagan.crossley@edelman.com
or
The Blueshirt Group
Jennifer Jarman, +1 415-217-5866
jennifer@blueshirtgroup.com
 
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