Caere and Microtek Announce New OEM Agreement; Agreement Extends and Expands Bundling/OEM Relationship.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--March 17, 1998--Caere Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CAER CAER Centre d'Arts Escèniques de Reus (French) CAER Community Awareness and Emergency Response program CAER Chemical Awareness and Emergency Response Program ), the leader in scanning software, and Microtek Lab, Inc., a worldwide leader in the manufacture of desktop scanners, today formally announced a new OEM/bundling agreement. The agreement extends the companies' current bundling/OEM relationship for two more years and expands the bundling of Caere's OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. with additional Microtek scanners. Under the two year agreement, Microtek will bundle Caere's OmniPage Limited Edition OCR software with Microtek consumer small office/home office See SOHO. scanners for the Windows and Macintosh platforms worldwide. Also included in the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement is Microtek's line of professional scanners. "Our relationship with Caere is important in our strategy to provide superior scanning solutions at an aggressive price," said S.C. Lee, president of Microtek Lab, Inc. "The relationship is valuable because Caere's OCR software allows our customers to get more value and versatility from their scanners. The OmniPage OCR complements our scanner family by providing an unbeatable hardware/software bundle." "Microtek has been a pioneer in the scanner market and continues to maintain strong market share by providing innovative technology and pricing," said Larry Lunetta, senior vice president of sales and strategic partners. "We are excited about continuing our close relationship with this important force in the scanning market and exposing its users to Caere's leading OCR technology." OCR software is the technology that processes scanned documents and converts them into more useful, computer-editable text that can be used in word processing word processing, use of a computer program or a dedicated hardware and software package to write, edit, format, and print a document. Text is most commonly entered using a keyboard similar to a typewriter's, although handwritten input (see pen-based computer) and and other text-based applications. OCR eliminates the need for retyping essentially any printed paper document including memos, reports, contracts, correspondence, and resumes. OmniPage Limited Edition is OCR that includes a highly accurate OCR engine and entry-level capabilities to meet the needs of users with basic OCR requirements. With OmniPage Limited Edition, users can load images from a scanner or hard drive and take advantage of features such as zoom, rotate, add zone, and other basic-level OCR capabilities. OmniPage Limited Edition owners are eligible for an inexpensive upgrade to OmniPage Pro, Caere's top of the line OCR application. OmniPage Pro offers significant advantages over OmniPage Limited Edition, including improved OCR accuracy on more difficult documents, increased recognition speed, and enhanced usability features such as an AutoOCR Toolbar A row or column of on-screen buttons used to activate functions in the application. Many toolbars are customizable, letting you add and delete buttons as required. Toolbars may be fixed in position or may float, which means they can be dragged to a more convenient location in the that guides the user through the entire OCR process, TruePage* technology that maintains the original formatting of scanned pages, and deferred batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. to delay recognition until a time convenient to the user. The OmniPage Pro upgrade products are priced at $129 (estimated street price) and are available through resellers such as CompUSA, Computer City, Best Buy, Egghead, MacWarehouse, and others. The agreement with Microtek also includes marketing provisions that provide Caere an opportunity to market its line of scanner-centric applications such as OmniForm and OmniForm* Internet Publisher forms conversion software and the PageKeeper family of document-management software. The Companies Caere Corporation (NASDAQ:CAER) is the worldwide leader in scanner software. Its products bridge the gap between the paper and digital worlds by converting static, paper documents into dynamic, electronic information. Caere products include the OmniPage, WordScan, M/Series, and Recognita families of OCR software; OmniForm and OmniForm Internet Publisher family of electronic forms software; PageKeeper family of personal document management software; and a broad array of hardware/software solutions for document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. and OCR and barcode reading. Caere is headquartered in Los Gatos, California “Los Gatos” redirects here. For the Argentine rock band, see Los Gatos (band). Los Gatos is an incorporated town in Santa Clara County, California, United States. The population was 28,592 at the 2000 census. . Its subsidiaries, Caere GmbH and Recognita Rt., are located in Munich and Budapest, respectively. Caere corporate and product information is available at http://www.caere.com on the World Wide Web. Microtek develops, manufactures, and markets color peripheral technologies and is one of the world's leading manufacturers of desktop scanners for the consumer and pre-press publishing markets. Founded in 1980 and headquartered in Redondo Beach Redondo Beach (rĭdŏn`dō), city (1990 pop. 60,167), Los Angeles co., S Calif., on the Pacific Ocean; inc. 1892. Once a commercial port for Los Angeles, it is a residential and resort city with a protected harbor and an excellent marina. , California, Microtek Lab, Inc. is a U.S. subsidiary of Microtek International, Inc., based in Hsinchu, Taiwan. Other subsidiaries of Microtek International are located in Taipei, Taiwan; Shanghai, China; Tokyo, Japan; Rotterdam, Netherlands; Paris, France; and Hillsboro, Oregon Hillsboro is a city in and county seat of Washington County, Oregon, United States.GR6 The community began in 1842 and was named Hillsborough in 1850, before incorporation in 1876 as Hillsboro. . Regional sales offices are based in major cities across the U.S. For additional information about Microtek and its products, visit the Web site at http://www.microtekusa.com. -0- NOTE TO EDITORS: The Companies note that fulfillment of contractual obligations are forward-looking statements that are subject to change based on numerous factors including, but not limited to: work stoppages, engineering delays, quality assurance testing delays, the placement and scheduling of orders, changes in operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , a significant change in the competitive environments, and timely delivery by component suppliers. Trademark References: Caere, OmniPage, OmniPage Pro, OmniForm, PageKeeper, and WordScan are registered trademarks, and M/Series is a trademark of Caere Corporation, in the United States and/or other countries. CONTACT: Caere Corporation Patrick Crisp, 408/395-7000 ext. 2049 patrick.crisp@caere.com or Microtek Lab, Inc. Dani Johnston, 310/297-5000 ext. 5355 dani@microtek.com |
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