Immersion to Pursue Damages Against HTC Corporation in District Court

  Immersion to Pursue Damages Against HTC Corporation in District Court

   Action accelerates Immersion’s potential damages recovery by six months

Business Wire

SAN JOSE, Calif. -- March 12, 2013

Immersion Corporation (NASDAQ: IMMR), the leader in touch feedback technology
development and licensing, today announced it is seeking termination of the
International Trade Commission’s investigation of HTC Corporation for
infringement of certain of Immersion’s patents and instead will ask for the
stay of its lawsuit in the U.S. District Court to be lifted, so that Immersion
may prosecute its claim against HTC for damages immediately. The ITC action
was originally scheduled for final determination on October 28, 2013, after
which the only remedy available to Immersion is an exclusion order against HTC
preventing the importation of infringing devices into the United States. By
contrast, the remedy available in U.S. District Court includes damages,
attorneys’ fees, and potentially injunctive relief.

“Given HTC’s recent performance in the mobile market, we believe an exclusion
order preventing HTC from importing infringing devices would no longer be an
impactful win, and we are turning our energies to seeking damages for past and
ongoing shipments of infringing devices,” said Immersion CEO Victor Viegas.
“Due to this change in forum, we anticipate our legal expenses for 2013 will
be lower than forecasted and our potential recovery of damages will accelerate
by at least six months,” 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 anticipation that our legal expenses for 2013 will be lower than
forecasted and our potential recovery of damages will have been accelerated by
at least six months.

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.

(IMMR – C)

Contact:

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