<<Not sure about today's action, but my guess would be that the shareholder's meeting is coming up>>
Just for the record, here's the press release that sparked the latest rise. It is interesting how the price started to go up late the day before.
biz.yahoo.com
Wednesday November 4, 8:31 am Eastern Time
Company Press Release
SOURCE: Andrea Electronics
Andrea Electronics to Enhance Its
Digital Super Directional Array (DSDA)
Microphone Technology for Intel's Future Processor
Technology
MELVILLE, N.Y. Nov. 4 /PRNewswire/ -- Andrea Electronics Corporation (Amex: AND - news)
announced today that it has entered into an agreement with Intel Corporation [Nasdaq:INTC -
news] to optimize the performance of its patented Digital Super Directional Array (DSDA(TM))
far-field microphone technology for future generations of Intel processors. Andrea's
DSDA(TM) far-field microphone technology consists of advanced software algorithms that
have the unique ability to accomplish active noise cancellation, echo cancellation, adaptive
beamforming and directional voice finding and tracking. These combined properties achieve
new levels of microphone performance for hands-free, untethered, superior quality voice
input for all speech applications, allowing the speaker to be at a distance from the
microphone.
The working relationship between Andrea Electronics and Intel Corporation will drive efforts
in advanced processor technology and microphone technology to support the development of
new uses for speech recognition. By taking advantage of a chip instruction set that will be
introduced in a family of Intel processors in 1999, the optimization of the DSDA microphone
technology is anticipated to significantly reduce cost by minimizing certain component
requirements and improve overall performance of the microphone. This reduced cost and
improved performance is expected to bring the benefits of speech recognition to a broader
base of end users.
Applications for the DSDA microphone technology include desktop continuous speech
recognition, automobile PCs, audio/videoconferencing, command/control and dictation
programs, hands-free cellular car phone kits, voice-enabled mobile and embedded devices
and office and home automation systems.
''Intel is dedicated to advancing developments in the speech technology market,'' said Rob
Sullivan, Director of Content Technologies at Intel Corporation. ''The combination of Andrea
Electronics' expertise in microphone technology and Intel's technological breakthroughs in
processor technology will enhance the capability of continuous speech recognition.''
''We are exited to work with Intel to create a more efficient and effective microphone solution,
allowing our DSDA technology to run on the host processor, rather than on a separate DSP
chip,'' said Douglas J. Andrea, Co-president at Andrea Electronics Corporation. ''We believe
that this solution will bring the benefits of a natural human/machine interface to a broader
base of end users, enhancing the accuracy, speed and ease of use of advanced speech
recognition systems.''
About Andrea Electronics Corporation
Andrea Electronics Corporation designs, develops and manufactures audio technologies and
equipment for applications incorporating natural language interfaces. The Company's
patented Active Noise Reduction (ANR) earphone, Active Noise Cancellation (ANC) near-field
microphone and patented Digital Super Directional Array (DSDA(TM)) and patent-pending
Directional Finding and Tracking Array (DFTA(TM)) far-field microphone technologies are
incorporated into a wide range of audio products to eliminate background noise and ensure
the optimum performance of voice applications. Applications for the Company's technologies
include: speech recognition programs, Internet telephony, video/audio conferencing,
automobile PCs, home automation systems, hand-held devices and multiplayer online
games, among others. OEM and software publisher customers and strategic partners of
Andrea Electronics' include: Microsoft Corporation, IBM Corporation, Lernout & Hauspie
Speech Products, Dragon Systems, Lotus Development Corporation, NEC, Mpath, Multitude,
IDT, HyperGraphics, ILINC, ViA Inc., Conversational Computing Corporation and iSight,
among others.
This press release may contain ''forward-looking statements'' within the meaning of the
Private Securities Litigation Reform Act of 1995. The words ''anticipates,'' ''believes,''
''estimates,'' ''expects,'' ''intends,'' ''plans,'' ''seeks,'' variations of such words, and similar
expressions are intended to identify forward-looking statements. These statements are not
guarantees of future performance and involve matters that are subject to certain risks,
uncertainties and assumptions that are difficult to predict, including economic, competitive,
governmental, technological and other factors, that may affect the business and prospects of
Andrea Electronics Corporation (the ''Company''). The Company cautions investors about the
following significant factors, which, among others, have in some cases affected the Company's
actual results and are in the future likely to affect the Company's actual results and could
cause them to differ materially from those expressed in any forward-looking statements: the
rate at which Andrea Anti-Noise technology is accepted in the marketplace; the
competitiveness of Andrea Anti-Noise products in terms of technical specifications, quality,
price, reliability and service; the sufficiency of the Company's funds for research and
development, marketing and general and administrative expenses; and the Company's
continuing ability to enter and maintain collaborative relationships with other
manufacturers, software authoring and publishing companies, and distributors. These and
other similar factors are discussed under the heading ''Certain Factors that May Affect
Future Results'' included in the Management's Discussion and Analysis of Financial
Condition and results of operations in the Company's Annual Report on Form 10-K and in
the Company's Annual Report to stockholders, and in documents subsequently filed by the
Company with the Securities and Exchange Commission. In addition, no assurance can be
given that the Company will successfully optimize its DSDA technology in the manner
described in this press release or that any such optimization, if successful, will result in
increased sales or income for the Company.
''DSDA'' and ''DFTA'' are trademarks of Andrea Electronics Corporation.
Visit Andrea Electronics' website at www.andreaelectronics.com.
SOURCE: Andrea Electronics
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