Immersion Corp. (IMMR) announced Thursday that it has entered into a multi-year license agreement with Samsung Electronics. Immersion will license its TouchSense and Integrator solutions as well as cover Samsung's prior and future use of simple forms of haptic effects termed Basic Haptic, in smartphones and other mobile devices.
Immersion now expects full-year revenue in the range of $44 million to $48 million, up from its earlier guidance of $28 million-$32 million.
Immersion gapped up Thursday and has spiked higher in early trade. The stock is now up 2.01 at $8.28 on above average volume and has surged to a new high for the year.
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