I'm also a little surprised not to hear any insights from the annual meeting. I missed the internet show as it was live only I guess.
Here's a link to L&H doing a speaker independent phone system for Korean Stock quotes. Not a direct thing to GM, but getting close. L&H is branching into speaker independent systems, and they have a lot of languages to work with. I don't know why we won't start to see announcements like this in English, but haven't noticed one yet.
Eagerly awaiting any news from the meeting.
Regards, Mark
Lernout & Hauspie and Bumil to Provide Speech Technology for Korea's Largest Automated Stock Quote Service
L&H's Automatic Speech Recognition Provides Convenient, Accurate, Up-to-Date Stock Information to As Many as 200,000 Customers Daily; Technology Paves Way for Future Far East L&H Implementations
BURLINGTON, Mass.--(BUSINESS WIRE)--June 25, 1999-- Lernout & Hauspie (NASDAQ:LHSP - news; EASDAQ:LHSP) (L&H(TM)) announced today that it is the sole provider of speech recognition technology for the ASR Stock Quote Server, Korea's largest telephone based automated stock quote and trading service. As part of the service, L&H's automatic speech recognition (ASR 1500) engine recognizes and responds to as many as 200,000 customer requests daily for stock quotes and trades. The application, developed by L&H business partner Bumil Information & Communications Co. Ltd. (BIC), has been fully operational since March of this year.
Telephony-based automated information retrieval and transaction services have become increasingly popular during the past few years as speech technologies, such as L&H's ASR 1500, have matured and been able to support much improved accuracy levels. The services allow customers to quickly and conveniently access up-to-the-minute accurate stock quotes and conduct trades using voice only via any telephone at any time. They provide vendors with an affordable way to increase productivity, efficiency and responsiveness and to offer value-added services.
''Industry analysts predict that the market for licensing speech technology for telecommunications and telecommunications applications will be one of the fastest growing markets in the field of speech technology,'' said Gaston Bastiaens, president and CEO of L&H. ''The ASR Stock Quote Server is as an excellent example of the type of application that is fueling this growth worldwide. We are very excited to have successfully launched this service with our partner Bumil and look forward to implementing similar solutions in the near future in the Far East.''
''It is the Korean Securities Computer Corporation's (KSC) responsibility to provide the most accurate information and convenience to end-users,'' said Kim, Kyung-joong, president and CEO of KSC. ''By adding speech recognition in our information providing services, we have provided convenience and easy access to end-users. By leveraging L&H's and Bumil's proven technology, the ASR Stock Quote Server provides the optimal solution.'' KSC is responsible for all information networking and trading on the Korea Stock Exchange.
Bumil Information & Communications Co. Ltd. (BIC) is a leading systems integrator developing customized applications for the telecommunications industry. The company has been an L&H Licensee and joint development partner since March of 1997. Its customers include major Korean telecommunications providers, LG Securities and other major corporations in Korea.
''By utilizing L&H's proven technologies and leadership in the industry, we were able to open the largest stock quote information and trading service in Korea,'' said Seo, Ju-chul, President of BIC. ''BIC's goal is the realization of practical speech-enabled applications of the highest quality at the lowest cost. With the relationship and support of L&H and the BIC's organizational approach, BIC will provide optimal speech-enabled applications in the Korean market.''
L&H offers a full range of state of the art speech technologies, including automatic speech recognition (ASR), text-to-speech (TTS) and digital compression, on multiple platforms in multiple languages. Its core speech technologies are not only integrated into its own diverse product offerings, but also are embedded into a wide range of products developed by some of the world's best-known companies in the telecommunications, computer/multimedia, consumer electronics and automotive industries.
About Lernout & Hauspie
Lernout & Hauspie (L&H) is a global leader in advanced speech and language solutions for vertical markets, computers, automobiles, telecommunications, embedded products, consumer goods and the Internet. The company is making the speech user interface (SUI) the keystone of simple, convenient interaction between humans and technology, and is using advanced translation technology to break down language barriers. The company provides a wide range of offerings, including: customized solutions for corporations; core speech technologies marketed to OEMs; end user and retail applications for continuous speech products in horizontal and vertical markets; and document creation, human and machine translation services, Internet translation offerings, and linguistic tools. L&H's products and services originate in four basic areas: automatic speech recognition (ASR), text-to-speech (TTS), digital speech and music compression (SMC) and text-to-text (translation). For more information, please visit Lernout & Hauspie on the World Wide Web at www.lhsl.com.
This press release contains forward-looking information, including statements regarding L&H's plans, objectives, expectations and intentions. Such statements include, without limitation, discussions relating to the expected completion of development and commercial introduction of certain products and the fitness of such products for the purposes of the customer. Readers are cautioned that such forward looking statements involve risk and uncertainties, including, without limitation, the risk that L&H's technology will not perform as anticipated, and the general risks associated with the intense competition and rapid technological change characteristic of the speech technology markets. The forward-looking statements are also subject to risks set forth in L&H's reports filed with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this Report. L&H expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in L&H's expectations or any change in events, conditions or circumstances on which any such statement is based.
Lernout & Hauspie can be found on the World Wide Web at www.lhsl.com. All product names and trademarks mentioned herein are trademarks of L&H and the respective companies.
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Contact:
Lernout & Hauspie
Worldwide PR/IR
Ellen Spooren, (781) 203-5344
espooren@lhsl.com
or
Corporate Comm. US
Audrey Pobre, (781) 203-5341
apobre@lhsl.com
or
Media Contact Europe
Vanessa Richter, (32) 57-22-9518
vrichter@lhsl.com
or
Lommaert & Blondeel Consultants
Investor Contact Europe
Annemieke Blondeel, (44) 1322-20-180
a.blondeel@dial.pipex.com
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