One of the first projects the company did after getting public is to buy 4 other Haptics companies, and you know, unlike many other technologies Haptics is not really a very popular technology. In fact, advanced Haptics courses are only available in two or three universities around the world. So what the company did is it bought 4 other Haptics companies, and with these companies came people, processes, and most importantly patents. So very early on the company accumulated a lot of Haptics patents and throughout the history of the company, it has continued innovating and continued developing patents, and innovation and patent development is very, very much a culture in the company.In the initial years, the company focused on a number of segments, it won a lot of contracts from gaming companies like Logitech. It was successful in entering into the automotive market with BMW, and then in the middle of 2002 the company found that a number of other gaming companies like Microsoft and Sony were infringing on its patents, and as a result of this the company sued these companies, and over time settled and won those litigations.
Immersion At Security Research Associates Inc Fall Growth Stock Conference Call Transcript
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