Some GOOD news
Related Quotes
FONX
11/32
+1/32
delayed 20 mins - disclaimer
Tuesday November 23, 9:30 am Eastern Time
Company Press Release
SOURCE: Fonix Corporation
Fonix Licenses Allegro Product to NuvoMedia
Fonix Handwriting Recognition Software Available in Rocket eBook
SALT LAKE CITY, Nov. 23 /PRNewswire/ -- Fonix(TM) Corporation (Nasdaq: FONX - news) today announced that it has licensed its Allegro(TM) handwriting recognition software to NuvoMedia, Inc. for use in current and future versions of the highly successful Rocket eBook(TM). The Allegro technology allows users to employ handwriting inputs for searching the book contents and easily adding their own notes or annotations.
The five-year license agreement provides a per unit royalty payment to Fonix with a guaranteed minimum first year royalty.
``We are always looking for ways to enhance our products according to user needs. The addition of Fonix Allegro to the Rocket eBook allows us to provide our users a natural and easy way to enter notes and annotations to their books. That is of definite value to our customers,' said Martin F. Bernhard, cofounder and CEO of NuvoMedia.
Fonix handwriting recognition technology demonstrates an extremely high degree of recognition accuracy and has low memory overhead. The Allegro single character system is noteworthy for the natural appearance of its alphabet, requiring users adapt to only a few characters making it easy to learn and use. Unlike other handwriting recognition technology, Allegro does not require users to memorize a new alphabet. Allegro supports punctuation, digits, symbols and most international characters. Handwritten input is private and allows the user to listen or converse while taking notes.
``This is an excellent example of Fonix technology allowing easy and natural interaction with a hand-held device,' commented Thomas A. Murdock, president and CEO of Fonix. ``The Rocket eBook is one of the industries leading electronic books and Fonix is pleased to be working with NuvoMedia.'
About the Rocket eBook
The Rocket eBook and future Rocket eBook-enabled readers allow users to easily carry a small library with them, wherever they go. This 22-oz. electronic book can hold between 4,000 and 55,000 pages of text and graphics at a time. Its user interface is designed for reading with optimized screen technology that is easy to read in all lighting situations. A battery life of up to 40 hours will provide users uninterrupted reading whether in the office, at home or on the go. Being digital, books read on the Rocket eBook can be browsed, searched, annotated, underlined, linked and referenced in ways impossible with a paper book. The Rocket eBook and Rocket eBook Pro are available from www.Rocket-eBook.com, stores and online with the suggested retail price of $199 and $269. Readers can purchase and download titles from Powell's Books at www.powells.com, eCampus Books at ecampus.com or from barnesandnoble.com on the World Wide Web at www.bn.com or through AOL (Keyword:bn). For more information visit www.Rocket-eBook.com.
About Fonix Corporation
Fonix(TM) Corporation (Nasdaq: FONX - news) develops and markets software products that enable intuitive human interaction with computers, consumer electronics, and other intelligent devices. Leading chip manufacturers, independent software and hardware vendors, and Internet content providers incorporate Fonix technologies to make their products easier and more convenient to use. Fonix products, including text-to-speech (TTS), automatic speech recognition (ASR), and handwriting recognition technology, provide the most natural communication solutions available. Fonix solutions can be easily implemented on multiple hardware and software platforms via the Fonix FAAST(TM) (Fonix Advanced Application Speech Toolkit) software development kit. For more information visit www.fonix.com or call (801) 553-6600.
About NuvoMedia, Inc.
Headquartered in Mountain View, CA with offices in New York, NY and located on the Web at nuvomedia.com, NuvoMedia is dedicated to becoming the electronic book distribution solution by providing a network infrastructure for publishers, retailers and end users to publish, distribute, purchase and read electronic content securely and efficiently over the World Wide Web.
Note: The statements released by Fonix Corporation that are not purely historical are forward-looking within the meaning of the ``Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. It is important to note that the Company's actual results could differ materially from those in such forward- looking statements. For example, Intel could contract other speech recognition developers to embed other speech technologies on Intel chips, Fonix cannot presently determine which Intel customers, if any, will choose to use Fonix technologies in their product and applications development programs, and Intel customers may not develop applications which produce significant revenues to Fonix. Other risk factors including general economic, competitive, governmental, and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release.
Fonix Corporation Contact Information:
Corporate Communications: Laura Kenner, 801-553-6600, lkenner@fonix.com
Investor Relations: Michelle Aamodt, 801-328-0161, invrel@fonix.com |
