- Haptic technologies developer Immersion Corp (NASDAQ:IMMR) expanded its license agreement with Stanley Electric Co Ltd (OTC:STAEF) (OTC: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.
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