Immersion and Microsoft reach $26 million licensing agreement

Immersion Corp has announced a series of agreements with Microsoft that grant Microsoft licensing rights for Immersion’s haptic technologies patent portfolio.

Immersion Corp has announced a series of agreements with Microsoft that grant Microsoft licensing rights to use Immersion’s haptic technologies patent portfolio.

The agreements consist of a $26 million payment from Microsoft for licensing rights and an equity investment.

In addition to the licensing rights and equity, the agreements resolve ongoing litigation between the two companies based on Immersion’s lawsuit against Microsoft filed in February 2002.

Immersion’s lawsuit against Sony Computer Entertainment of America, Inc and Sony Computer Entertainment Inc on similar grounds of patent infringement is still pending.

Under the license, Microsoft may use Immersion’s patented haptic technologies in its operating systems, hand held devices, computing platforms and other current and future products and services.

‘As human interaction with digital technologies becomes more complex, the sense of touch becomes an even more important element in a broad range of products,’ said Barry Spector, Director of Business Development for Microsoft.

‘Microsoft recognises the importance of haptic technology to consumers, the value of Immersion’s patent portfolio in this space, as well as Immersion’s role as a leading supplier of haptics,’ added Spector.