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Article Excerpt
CHICAGO & SAN JOSE, Calif. -- Methode Electronics, Inc. (Nasdaq:METH), a global designer and manufacturer of electronic component and subsystem devices and Immersion Corporation (Nasdaq:IMMR), a leading developer and licensor of touch feedback technology, announced today that Methode has licensed a broad range of Immersion's TouchSense(R) technology. The agreement provides Methode the opportunity to utilize the technology to offer new, innovative products to automotive OEMs, Tier 1 suppliers and non-automotive customers in markets such as industrial controls, exercise equipment, marine, and aerospace.
Under the agreement, Methode receives a license to use Immersion's patented development tools as well as technology transfer services, and non-recurring engineering services. Methode's global engineering teams will work with Immersion's research and development teams to bring Methode rotary control, joystick, touchscreen, and touch surface products with programmable touch feedback, known as "haptics", to market. These products will provide a broad spectrum of touch sensations to help inform the user, reduce distraction in the automobile, and...
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