Immersion in licensing pact with Meta Platforms, no terms

Immersion (IMMR) announced that it has signed a license with Meta Platforms (META) to make Immersion’s patents available to Meta and its affiliates’ hardware, software, VR, and gaming products. “We are delighted to grant Meta Platforms, Inc. a license to our patents for haptic technologies. We are excited to license Meta Platforms, Inc. for their delivery of high-quality haptics in their devices,” said Eric Singer, Immersion’s President and CEO. Immersion’s high-quality touch feedback technology enhances gaming peripherals and applications. Increasingly, haptics is being designed into VR gaming applications as more and more VR platforms and games incorporate high-quality tactile effects for more immersive operations