Immersion Corporation (Nasdaq: IMMR), the leading developer and licensor
of touch feedback technology, today announced the appointment of Mike
Okada as the company’s General Counsel and Senior Vice President, IP
Licensing & Legal Affairs. Mike will join Immersion’s executive team and
manage the company’s legal, regulatory, and intellectual property
affairs. He replaces Amie Peters, the outgoing General Counsel who
served over a decade in a variety of roles at Immersion.
“Mike’s extensive experience in technology and corporate law makes him
an ideal fit for Immersion,” said Ramzi Haidamus, Immersion CEO. “His
depth of expertise in IP licensing and complex transactions with global
technology leaders will support the continued growth of our business. I
also want to thank Amie for her support and dedication to the Immersion
team and shareholders. Her contributions over the last decade have made
a positive and lasting impact on the company.”
Prior to joining Immersion, Mike held the position of Vice President, IP
Transactions and Legal Affairs, at Dolby Laboratories. He led a global
team supporting the company’s audio and imaging technology businesses
with over one thousand licensees across the mobile, PC, consumer
electronics, and broadcast segments. Previously, he was a partner at
Wilson, Sonsini, Goodrich & Rosati where he was a member of the firm’s
Technology Transactions Group where his practice focused on domestic and
international intellectual property and commercial transactions. Mike
holds a JD from the University of Southern California and an AB in
Economics from Columbia University.
“I’m excited to be joining Immersion, a recognized leader in haptics,”
commented Mike Okada. “I look forward to working with the team to scale
adoption of digital touch experiences in the market.”
About Immersion
Immersion Corporation (NASDAQ:IMMR) is the leading innovator of touch
feedback technology, also known as haptics. The company provides
technology solutions for creating immersive and realistic experiences
that enhance digital interactions by engaging users’ sense of touch.
With more than 3,600 issued or pending patents, Immersion’s technology
has been adopted in more than 3 billion digital devices, and provides
haptics in mobile, automotive, advertising, gaming, medical and consumer
electronics products. Immersion is headquartered in San Jose,
California with offices worldwide. Learn more at www.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. 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; the impact of litigation
developments on existing and potential customers; delay in or failure to
achieve commercial demand for Immersion’s or its licensees’ products;
the impact of new accounting standards that will affect key items such
as revenue recognition and sales commissions; unexpected difficulties in
monetizing the patent portfolio; the commercial success of applications
or devices into which Immersion’s technology is licensed; the continued
popularity of mobile games and wearables; potentially lengthy sales
cycles and design processes; unanticipated difficulties and challenges
encountered in development efforts; unexpected costs; the fact that
certain target markets are still relatively nascent; risks associated
with doing business internationally; litigation costs in any current or
future litigation; failure to retain key personnel; ability to retain
personnel; competition; the inherently uncertain nature of litigation
which makes future outcomes and timing difficult to predict; the impact
of global economic conditions and foreign currency exchange rates 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 Annual Report on Form 10-K
for 2018 and its most recent Quarterly Report on Form 10-Q which are 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 and TouchSense are trademarks or
registered 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)
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