Science & Technology
Science and Technology
Science and Technology
Mon, June 7, 2010
Sun, June 6, 2010
Sat, June 5, 2010
Fri, June 4, 2010 
SAN JOSE, Calif.--([ BUSINESS WIRE ])--Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of [ haptics technology ], today announced that David Sugishita has been elected to the companya™s board of directors, replacing Rob Van Naarden, who is retiring from the board.
"Over the past 6 years at Atmel, I have been actively engaged in IP and growth strategies in the touch market through both organic growth and acquisition. I look forward to contributing to the success of Immersion as it enters a new pure-play licensing phase in this burgeoning market."
"We are pleased to have someone of Davida™s caliber join the board," said Victor Viegas, chief executive officer and director of Immersion. "After an extensive search and after evaluating several candidates, we believe that Davida™s distinguished career in successful technology companies, his extensive board expertise and strong background in licensing, finance and financial controls will be an asset to the board."
"I would like to thank Robert Van Naarden for his valuable insights and contributions over his seven year tenure on the board," said Jack Saltich, chairman of Immersion. "As for David, I have personally seen his strategic contributions to several boards in related businesses and know that he has the intellect, passion, intellectual property and management experience to make a significant contribution to Immersion."
Sugishita currently serves as Chairman of the Board of Atmel, where he chairs the Audit and Corporate Governance and Nominating committees, and as a director and Chairman of the Audit Committee for Ditech Networks. His career spans various senior financial management positions including CFO roles at Synopsys, Actel and Micro Component Technology; Corporate Controller at Applied Materials; and VP of Finance at National Semiconductor.
"Ita™s an exciting time to join Immersiona™s board," said David Sugishita. "Over the past 6 years at Atmel, I have been actively engaged in IP and growth strategies in the touch market through both organic growth and acquisition. I look forward to contributing to the success of Immersion as it enters a new pure-play licensing phase in this burgeoning market."
Sugishita becomes the fifth independent board member, joining: Anne DeGheest, founder and principal of MedStars; John Hodgman, senior vice president and chief financial officer, InterMune; Emily Liggett, chief executive officer of Nova Torque; and Jack Saltich, chairman and chief executive officer of Vitex Systems.
About Immersion ([ www.immersion.com ])
[ Haptic (touch) technology ] is key to the future of user experience in digital devices. Founded in 1993, Immersion (NASDAQ:IMMR) harnesses human touch to create user experiences that deliver a more compelling sense of the digital world. Using one of Immersiona™s adaptable high fidelity haptic systems, partners can achieve a competitive advantage and greater revenue opportunities with products that are more intuitive, satisfying, efficient, and safe. With Immersion technology, world-class companies can deliver improved user experiences in products such as widely popular video games, leading video console gaming systems, advanced automotive driver controls, medical devices and award-winning mobile phones. With over 900 issued or pending patents in the U.S. and other countries, Immersion is the leading innovator in touch-enabled user experiences that bring the digital universe to life.
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, statements relating to Immersiona™s market.
Immersiona™s actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Immersiona™s business, which include, but are not limited to, the effects of the current macroeconomic climate; delay in or failure to achieve commercial demand for Immersiona™s products; a delay in or failure to achieve the acceptance offorce feedback as a critical user experience; unanticipated difficulties and challenges encountered in product development efforts or in connection with Immersiona™s licenses with its customers. 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 Immersiona™s Form 10-K for 2009 and most recent Form 10-Q, which are on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release reflect Immersiona™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 of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners.
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