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Fonix Signs Collaboration Agreement with MediaZen Wednesday June 7, 8:50 am ET MediaZen and Fonix Will Market Speech Solutions to Korean Manufacturers, Customize Technology for Leading Platforms
SALT LAKE CITY--(BUSINESS WIRE)--June 7, 2006--Fonix Speech Inc., a wholly owned subsidiary of Fonix Corp. (OTCBB: FNIX - News) specializing in embedded speech interfaces for mobile devices, handheld electronic products, and systems and processors, has signed a collaboration agreement with MediaZen Inc., a Korea-based high-tech company developing simple user interfaces for computers and devices. ADVERTISEMENT
According to the terms of the agreement, MediaZen and Fonix will jointly develop, produce and market automatic speech recognition (ASR) and text-to-speech (TTS) solutions to manufacturers in the Asian market, initially in Korea, with plans to expand to other countries. The agreement allows MediaZen and Fonix to leverage combined engineering know-how to develop future ASR- and TTS-based customer applications. The contract signifies Fonix as the exclusive speech technology provider for MediaZen and its future development projects. Fonix and MediaZen will share unit royalty fees upon deployment of completed applications.
"MediaZen has made significant inroads in developing creative user interfaces for electronic systems," said Hoon Koh, president, MediaZen. "By working with the Fonix team and utilizing Fonix's stellar speech technologies, we can tailor ASR and TTS solutions for our customers that meet their specific requirements. This agreement allows us to bring manifold expertise to the design table, and that results in better solutions for our customers."
"Fonix is optimistic that this partnership with MediaZen will open new doors for both companies in the consumer electronics and systems market in Asia and the U.S. market," said Walt Nawrocki, senior VP and GM, Fonix Speech. "By working together and combining our strengths in speech technology and user interfaces, Fonix and MediaZen are poised to offer manufacturers state-of-the-art user solutions for future electronic devices and systems."
MediaZen is affiliated with the Korea University and its customers include Hyundai Autonet and PosData Co., Ltd.
For more information about Fonix speech solutions, visit www.fonix.com, or call 801-553-6600 and say "Sales."
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Shakerzzz is in on this but..... so is Chartinator and Wang. Those two have a different trading style. Chartinator is lights out at reading charts. This one is starting to interest me.
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