This sounds like good news to me. So why is our stock falling through the floor? Any ideas?
Jim
Thursday December 14, 6:55 pm Eastern Time
Press Release
Fonix Voice Solutions Featured in Panasonic's
2.4 GHz GigaRange Elite Telephone
New Talking Caller ID Feature: Hear the Caller's Name
Before You Answer
SALT LAKE CITY--(BUSINESS WIRE)--Dec. 14, 2000--Fonix Corp.
(OTCBB: FONX - news), a leading provider of human-user interface technology and voice solutions for wireless and
mobile devices, Internet and telephony systems, and vehicle telematics, Thursday announced the integration of Fonix
FAAST Text-To-Speech (TTS) into the Talking Caller ID Feature of the new Panasonic 2.4 GHz GigaRange® Elite
Cordless Telephone, which was recently announced in a release issued by Panasonic.
Fonix FAAST TTS allows the Talking Caller ID to speak the name of the person calling, both from the base unit
speakerphone, and on the cordless phone speaker when the phone is not in the cradle of the base unit. As a result, all
Talking Caller ID names are pronounced through the speakers for the user to hear.
``We chose to integrate Fonix FAAST TTS into the Talking Caller ID feature because of the dynamic features Fonix
speech solutions provide in the embedded environment,'' said John McNenney, assistant general manager of
Telecommunications for Panasonic Consumer Electronics Co.
``With Fonix voice-in and voice-out technology, Panasonic can enhance its leading market position in the consumer
electronics industry by offering our customers Talking Caller ID and other voice solutions in a broad array of consumer
products.''
With Fonix FAAST TTS, customers may choose the Panasonic GigaRange Elite cordless telephone and take full
advantage of the top-quality Talking Caller ID feature. Talking Caller ID is ideal for all users, and is practical even in low
light conditions, such as the nighttime, or when the user is away from the Caller ID screen.
``Fonix involvement in the Panasonic product demonstrates our ability to provide world class embedded speech solutions
on currently available microprocessors and operating systems, including Talking Caller ID,'' said Fonix COO William A.
Maasberg.
``Panasonic enjoys significant worldwide market share in consumer electronics and a superb reputation for high quality.
We are confident that Fonix FAAST TTS and Talking Caller ID will provide increased marketable functionality for both
Panasonic and Fonix.
``This profitable relationship is precisely in line with the strategic business plan Fonix has developed over the past several
months, which is to immediately expand our competitive advantage in the embedded marketplace.''
Fonix core technologies currently support a number of popular microprocessors and operating systems, including the
Epson EOC33A family of processors. Fonix speech technologies enhance the functionality of embedded applications
and products, positioning Fonix for immediate integration of speech in embedded solutions, including handheld devices,
PDAs, cellular phones, and Internet applications.
Fonix delivers speech solutions through the Fonix FAAST framework.
About Fonix Corp.
Fonix Corp. is a leading provider of human-user-interface (HUI) technology and voice solutions for wireless and mobile
devices, Internet and telephony systems, and vehicle telematics. Leading chip manufacturers, independent software and
hardware vendors, and Internet content and service providers incorporate Fonix technology to provide their customers
with an easier and more convenient user experience.
Fonix products, including Text-To-Speech (TTS), Automatic Speech Recognition (ASR), and Handwriting Recognition
(HWR), can be easily implemented on multiple microprocessors and operating systems, and provide the most natural
communication solutions available. For more information visit www.fonix.com or call 801/553-6600.
About Panasonic
Panasonic products are marketed in North America by New Jersey-based Matsushita Electric Corporation of America
(MECA), the principal North American subsidiary of Japan-based Matsushita Electric Industrial Co., Ltd. (NYSE: MC -
news), a worldwide leader in the development of technologies for and the production of electronic and electric products
for consumer, business and industrial use.
For the fiscal year ended March 2000, Matsushita Electric recorded worldwide sales of $68.86. The new Panasonic 2.4
GHz GigaRange Elite Cordless Telephone, manufactured by Matsushita Electric subsidiary Kyushu Matsushita Electric
Co., Ltd., is marketed in the U.S. by MECA unit Panasonic Consumer Electronics Co. Additional information can be
found at www.panasonic.com.
Note: The statements released by Fonix Corp. 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.
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.
Contact:
Fonix Corp., Salt Lake City
Scott Lindsey, 801/553-6600 (Sales/Product Information)
sales@fonix.com
Whitney Seamons, 801/553-6600 (Media Information)
mediarel@fonix.com
Michelle Aamodt, 801/328-0161 (Investor Information)
invrel@fonix.com |
