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Technology Stocks : Nuance Communications, Inc.
NUAN 54.840.0%Aug 11 5:00 PM EST

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From: JakeStraw10/11/2006 9:54:41 AM
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Nuance and LG Electronics Sign License Agreement for Nuance's Voice-Activated Dialing Patent
biz.yahoo.com
Wednesday October 11, 9:15 am ET

Agreement Provides License to Nuance Technology for LG Phones Using Voice-Activated Dialing

BURLINGTON, Mass.--(BUSINESS WIRE)--Nuance Communications, Inc. (NASDAQ: NUAN), a leading supplier of speech and imaging solutions, today announced that Nuance and LG Electronics have agreed to a license agreement for Nuance's voice-activated dialing patent (United States Patent No. 6,501,966), covering LG mobile phones using voice-activated dialing.

Pursuant to the license agreement, LG Electronics will be licensed to manufacture its products that allow users to simply use their voice to dial phone numbers and access address books.

The voice-activated dialing patent is one of more than 425 patents that Nuance and its affiliates hold in the fields of speech and imaging technologies. The company and its affiliates have made significant investments in research, development and the acquisition of intellectual property to provide customers with best-in-class solutions and a commitment to ongoing innovation.

"Voice technologies are becoming more and more popular in mobile phones around the world as consumers demand enhanced value and convenience in their mobile experience," said Steve Chambers, president, Speech Solutions Division, Nuance. "We're pleased with the terms of this agreement and will continue to work with LG Electronics to drive speech innovation in mobile communications devices."
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