Nakamichi Update

Immersion Technologies Intl PLC 10 December 2007 Press Release 10 December 2007 Immersion Technologies International plc ('Immersion' or 'ITI') First Consignment of Nakamichi ESL Dragons Completed Appointment of Chief Operating Officer Further to the announcement on 19 November 2007, Immersion is now pleased to confirm that the first consignment of Nakamichi ESL Dragon product has completed final inspection, is ready to ship and is awaiting collection by Nakamichi from Immersion's facility in Nanjing, China. This represents a significant milestone for Immersion as full production has now been approved. Meanwhile discussions concerning the commissioning of further product lines are also continuing. Separately, Immersion is very pleased to confirm the appointment of Mr. Arie van den Broek as Chief Operating Officer. Most recently, Arie was General Manager of Nakamichi Corporation's Singapore office, so his knowledge and experience will be crucial as Immersion seeks to build on its existing commercial relationship with Nakamichi. Before joining Nakamichi, Arie spent 15 years working in a variety of sales and marketing roles in the electronics and consumer goods sectors, including Skyware Radio Systems, Behringer and AEG. He also has considerable experience of running businesses with newly established manufacturing operations. Craig Evans, Chief Executive of Immersion, said: 'We have always aspired to be more than merely a company with exciting technology and licensing potential. Today's news takes us from potential to reality, as a key customer pays real money for a real product. Combining an exciting and unique audio technology with the ability to mass produce speakers in which it is incorporated is a powerful combination, which should prove attractive to large electronics organisations. Commenting on the appointment of Arie van den Broek, he added: 'Arie's expertise and experience will be invaluable in marketing Immersion's technological and manufacturing prowess. He knows all the pitfalls in selling product to large organisations and brings with him an extensive network of high level industrial contacts.' Enquiries: Immersion Technologies International plc Craig Evans / Blair Snowball +44 (0)20 7016 5107 Pelham Public Relations Archie Berens +44 (0)20 7743 6679 St. Helens Capital - Broker Ruari McGirr +44 (0)20 7628 5582 Nabarro Wells - Nominated Adviser Hugh Oram / Anthony Rowland +44 (0)20 7710 7400 NOTES FOR EDITORS Background Information on Immersion Immersion is an audio technology company with patented and patent pending technologies relating to both its high performance electrostatic loudspeakers (' 'ESL'') and award-winning conventional cone loudspeakers (''CCL''). The Immersion Technology has been researched and developed for over 10 years and has been designed with the intention to provide the highest possible audio reproduction characteristics and set a new standard to benchmark these characteristics. Immersion has achieved what the Immersion Directors consider to be a new level of high definition acoustics and has made an application to register the trade mark High Definition - Acoustics HD-A(R) , to reflect this standard internationally. The Immersion Technology reduces audio distortion to extremely low levels thus enhancing clarity without compromising volume in both ESL and CCL loudspeakers. Immersion has the ability to manufacture ESL devices in thin, small aesthetically pleasing designs. In addition, the technology is proven to be scalable and can be incorporated into speakers of almost any size or shape. The Immersion Directors believe that these factors will provide a significant marketing advantage in the competitive market for audio reproduction devices. Background on Nakamichi Corporation Nakamichi Corporation is one of the world's premier manufacturers of high quality, high performance audio/video and multimedia equipment. Long renowned for the sophistication of its home audio and mobile sound systems, Nakamichi continues to introduce leading edge products that are widely available throughout the world. The Nakamichi name represents a long, proud tradition of quality and innovation in acoustics and electronics. Today's Nakamichi had its origin in the founding of a small research institute in 1948. Nakamichi Research, as it was then called, got its start in basic research and development in electromagnetism, magnetic recording, acoustics and communications. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings