Electro Source, maker of Pelican video game accessories and Immersion Corp., licensor of touch feedback technology announced a settlement in their infringement litigation that started in late 2004.
As part of the agreement Electro Source will have licenses to Immersion?s technology to create new peripherals for the consumer gaming industry. In return, Electro Source will make royalty payments to Immersion Corp. based upon the use of these devices for gaming handhelds and consoles.
“We are extremely pleased to add Electro Source as an Immersion licensee. Over the past three years, Electro Source has increased its market share to become one of the top three sellers of video console accessories in the United States,” said Victor Viegas, Immersion CEO. “We look forward to working with Electro Source in the future.”
