Market Update

Immersion Technologies Intl PLC 16 April 2008 16 April 2008 Immersion Technologies International plc ('Immersion' or 'ITI') Market Update Nakamichi Corporation The Company has completed production of more than 100 pairs of the Dragon(R) Hybrid ESL loudspeakers ('the product') for Nakamichi Corporation Limited (' Nakamichi') pursuant to the Supply Agreement dated 22 December 2006 ('the Supply Agreement'). The first consignment of product was available for collection by Nakamichi on 10 December 2007. However, since that time Nakamichi has failed to collect and pay the balance for the consignment and has failed to issue further purchase orders as required under the Supply Agreement. The Company has placed Nakamichi on notice of this contravention and has reserved all its rights. In the interim, the Company will continue to produce product and endeavor to resolve the matter commercially, failing which it may be required to issue legal proceedings in order to enforce its rights and safeguard the interests of shareholders. European Presentations The Company's latest technologies have received considerable interest during recent presentations to several of Europe's premium Consumer Electronic ('CE') brands. Mr Arie van den Broek, Chief Executive Officer, and Mr Charles van Dongen, Chief Technical Officer, demonstrated the Company's latest audio platforms including the latest electrostatic and electromagnetic prototypes. Mr van den Broek said 'It is clear that our technology is appealing to the CE's and has the ability of solving many of the issues they currently have in relation to sound quality and size. The Company is able to offer its customers a variety of different platforms of technology providing flexible audio solutions to suit the majority of audio applications.' As a consequence, the Directors remain confident that revenues will be achieved within the coming months. -Ends- For further enquiries: Immersion Technologies International plc Vincent Fodera +61 (3) 8554 6085 Pelham Public Relations Archie Berens +44 (0) 20 7743 6679 / +44 (0) 7802 442 486 St. Helens Capital plc - Nominated Broker Ruari McGirr +44 (0) 20 7628 5582 Nabarro Wells & Co. Limited - Nominated Adviser Hugh Oram +44 (0) 20 7634 4705 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings