Immersion Extends Automotive License Deal With Stanley Electric For Undisclosed Sum

August 11, 2021 4:11 PM | 1 min read |

Haptic technologies developer Immersion Corp IMMR expanded its license agreement with Stanley Electric Co Ltd STAEF STAEY to use haptics in the automotive market. The financial terms of the transaction remain undisclosed.
Stanley is a global supplier of lighting products and electronic components, including automotive electronics products and control panels for printers.
Immersion's touch feedback technology enhances in-vehicle interfaces and applications. Increasingly, haptics is being designed into automotive applications as more vehicles incorporate tactile effects for operations such as entertainment, navigation, and climate control.
Price Action: IMMR shares closed lower by 0.80% at $7.42 on Wednesday.